The instrument – a 1969 Fender Mustang – was hammered for 4.5 million dollars, equivalent to just over 44 million kronor, writes Billboard. That was well above the $ 600,000 mark.
The winning bid came from Jim Irsay, CEO of the Indianapolis Colts in the NFL.
“I am proud to be able to preserve and protect a part of American culture that has changed the way we look at the world,” Irsay said in a statement.
The auction house Julien’s announces that Cobain’s family will donate part of the proceeds to Irsay’s organization that works against mental illness.
The grunge icon is said to have used the guitar in the recordings of the albums “Nevermind” and “In Utero”.