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Crossroads Guitar Auction Raises $7.4 Million

June 25, 2004 by Jarrod Vrazel

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Eric Clapton - Blackie

Blackie – Photo courtesy christies.com

New York In a thundering two-hour sale, carried by waves of fierce bidding and outbursts of devotional excitement, many Eric Clapton fans saw their dreams come true. The sale was 100% sold and totaled $7,438,624, easily eclipsing the $5 million result achieved for the first Eric Clapton sale organized by Christie’s in 1999. The top lot of the evening was Blackie, the black and white composite Fender Stratocaster that served as Clapton’s sole stage and studio guitar from 1970 till 1985. Blackie was sold for $959,500, becoming the most expensive guitar ever to have been sold at auction. Proceeds of the sale will benefit Crossroads Centre in Antigua, an addiction treatment center established by Eric Clapton in 1998.


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CROSSROADS GUITAR AUCTION REALIZES $7,438,624

AT CHRISTIE S NEW YORK

Three New World Auction Records Set at Guitar Auction Organized by Eric Clapton & Friends for Crossoards Centre at Antigua

New York In a thundering two-hour sale, carried by waves of fierce bidding and outbursts of devotional excitement, many Eric Clapton fans saw their dreams come true. In the fully packed James Christie salesroom at Rockefeller Center, bidders from all over the world competed passionately to acquire guitars from Eric Clapton’s collection or instruments donated by his musician friends such as Jimmie Vaughan and Pete Townshend. The sale was 100% sold and totaled $7,438,624, easily eclipsing the $5 million result achieved for the first Eric Clapton sale organized by Christie’s in 1999. The top lot of the evening was Blackie, the black and white composite Fender Stratocaster that served as Clapton’s sole stage and studio guitar from 1970 till 1985. Blackie was sold for $959,500, becoming the most expensive guitar ever to have been sold at auction. Proceeds of the sale will benefit Crossroads Centre in Antigua, an addiction treatment center established by Eric Clapton in 1998.

Upon hearing the results of tonight’s sale, Eric Clapton, who is currently touring the country, commented: I am thrilled at the result which is going to be of enormous help to us in achieving our long term aims at the Centre. On behalf of myself, but above all on behalf of all the future clients who will benefit from the enhanced facilities at the Centre, and those who will receive free or assisted treatment as a result of this sale, I want to say a big thank you to all of those who have come along today and played a part in making this for me and everyone connected with the Centre, a very memorable occasion.

Tim Sinnott, Executive Officer of Crossroads Centre, who was present during the sale and its five-day viewing, said afterwards: Mr. Clapton’s generosity to Crossroads Centre Antigua is an overwhelming gift to people in need of recovery resources. The funds from the Guitar Auction at Christie’s will help Crossroads in many different areas, including the completion of the 16-bed half-way house, The Bevon House, and the continuation of Crossroads international financial assistance programs. The impact of this auction will enable Crossroads Centre to sail into the future to fulfill the mission and vision of its founder and chairman: to provide affordable, accessible and quality addiction rehabilitation treatment.

One of the most significant guitars to come up for sale was undoubtedly Blackie, the composite Fender Stratocaster, circa 1956/1957, which in Eric Clapton’s own words has become part of me. Clapton has tremendous affection for this guitar, and had an intense working relationship with Blackie throughout the 1970s and early 1980s. Offered with a $100,000-150,000 estimate, Blackie sold for $959,500, breaking a world auction record for any guitar. The first copy of the Eric Clapton Signature Stratocaster, modeled after Blackie and extensively used by Clapton from 1990 onwards was bought for $231,500 against an estimate of $8,000-12,000.

A credible rival to Blackie in stellar ranking was Clapton’s 1964 cherry-red Gibson ES-335. This famous Gibson is the second electric guitar Eric Clapton ever bought, and the one he is most sentimental about. Clapton used this guitar throughout his remarkable career, from his time with the Yardbirds until today. The Gibson was offered with its case, which has the word Cream and the initials EC G ES stenciled in white paint on the exterior and also carries a label inscribed by Lee Dickson Auction(Sadly!). The intense bidding war sent shocks of excitement through the room and when the hammer finally came down the price had soared to $847,500 against a $60,000-80,000 estimate. It is a world auction record for any Gibson guitar.

The instrument that changed the role of the acoustic guitar in rock music forever was the 1939, 000-42 Martin Clapton played on the Unplugged album. Against a $60,000-80,000 estimate, it sold for $791,500, a world auction record for any Martin guitar.

Crash 3 – Photo Jill Furmanovsky/Star File

Crash 3, Clapton’s newest graffiti Fender Stratocaster has a unique story. Used by Clapton since the start of the 2004 concert tour, the guitar was scheduled to come to Christie’s after the Dallas Crossroads Festival in early June. However, Clapton liked it so much that he decided to continue playing it for as long as he could. Crash 3 finally arrived at Rockefeller Center this morning, fresh from Clapton’s hands and was knocked down tonight for $321,100. Decorated by the famous street-artist Crash, the Graffiti Stratocaster has become Clapton’s first choice working guitar. This is the first of Clapton’s collection of graffiti guitars to appear on the market.

Other spectacular prices were achieved for Ivan, the 12-string guitar Clapton co-designed with Tony Zemaitis in 1969 ($253,900); a custom, gold-leaf decorated Fender Stratocaster, numbered EC-1, commemorating the 50th anniversary of the model ($455,500); and The Rainbow Rod, a Fender Stratocaster, circa 1996, with an iridescent finish, created by Roy Brizio, the famed Californian hot rod builder ($220,300).

Lenny – Photo courtesy christies.com

From the group of guitars donated by musician friends to support the Crossroads Centre, the spectacular Lenny, the Fender Stratocaster Stevie Ray Vaughan played from the 1970s onward until his tragic death in 1990, was an absolute highlight. The guitar was donated by Stevie Ray Vaughan’s brother, Jimmie, from the estate of SRV. It is the only personal guitar from SRV to have been released from the Estate into the public domain and it sold tonight for $623,500, the second highest price for a Fender Stratocaster.

Crossroads Guitar Auction ~ Eric Clapton & Friends for the Crossroads Centre

June 24, 2004

Sold:

Guitars To Go On Tour and Be Displayed In Guitar Center Stores Nationwide

By Patrick Cole

June 24 (Bloomberg) — The Guitar Center Inc. paid a record price of $959,500 Thursday for an electric guitar named Blackie owned by guitarist Eric Clapton at an auction held by Christie’s International Plc.

Guitar Centers, a Westlake Village, California-based chain of musical instrument retail stores, also paid $847,500 for Clapton’s Gibson ES-335 TDC guitar, a world record auction price for a Gibson guitar, Christie’s said.

“We got the guitars we came to get, said Andrew Berlin, 52, a vintage guitar buyer for the Guitar Center. It’s still sinking in.

The auction of Clapton’s 56 guitars, and others donated from artists ranging from The Who guitarist Pete Townshend to Beatles guitarist George Harrison, set new price benchmarks for the vintage guitar market, said Gary Dick, a vintage guitar broker who finds rare instruments for collectors.

“This is the most serious, the most important guitar auction ever, said Dick, owner of the Cincinnati, Ohio-based Gary’s Classic Guitars. For the rock and roll collector, for the aficionado, everyone knows these guitars because of Clapton’s work with Cream and Derek and the Dominoes.

The $6.1 million in sales from the auction will go to the Crossroads Centre, a drug-abuse education and treatment facility in Antigua founded by the British guitarist in 1998.

Yardbirds

The first sale Clapton organized through Christie’s in 1999 to benefit the center produced $5.1 million, far exceeding its presale estimate of $785,000 to $1.1 million. The guitar on which Clapton composed the 1972 rock classic song, Layla, sold at that auction for $497,500.

A native of Ripley, England, Clapton was part of the Yardbirds and Cream, two of the most popular rock groups of the 1960s.

Clapton, 59, a Grammy Award winner who was inducted into the Rock N Roll Hall of Fame in 2000, has been listed by the London Sunday Times as one of the 1,000 richest people in Britain from 1998 to 2003.

“Blackie — Clapton’s scarred black and white electric guitar made in 1956 that he used for 15 years as his main stage guitar – had a pre-sale estimated price of $150,000 by Christies.

“The guitar itself was one of his favorite electric guitars, said music instrument appraiser Matt Umanov, owner of the New York City-based Matt Umanov Guitars who repaired and sold guitars to Clapton. These guitars are like toasters, they’re cranked out in a factory but because it’s Clapton’s, it has value.

Tension

Within a minute into the bidding for the Fender Stratocaster, the price rose to $500,000.

“You could feel the tension building, it was exciting, said Hugh Edmeades, chairman of Christie’s South Kensington in London, who fielded the bids from the audience at Christie’s Manhattan auction room.

The bidding reached $800,000 seconds later and Berlin and his partner, David Belzer, made a bid for $850,000.

“When no one bid higher than us, we were very happy, Berlin said. The final price of $959,500 for the guitar includes Christie’s commission, said Bendetta Roux, a Christie’s spokeswoman.

Tour

Berlin and Belzer placed a winning bid, purchasing a 1965 Composite Stratocaster guitar for $623,500 called Lenny once owned by the late blues guitarist Stevie Ray Vaughan. They also paid $75,000 for a 1966 C.F. Martin guitar Harrison gave to Clapton.

Clapton’s guitars will go on tour and be displayed in some of the Guitar Center’s stores nationwide, Berlin said. We’re going to share the guitars with the public, everyone’s going to be able to experience them, he said

That guitar is kick ass tight! – said Nookiecookie on Jul 07, 2004

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Filed Under: Crossroads Guitar Festival, Eric Clapton, News

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