A vintage fender guitar owned by legendary Nigerian musician, King Sunny Ade, was on Sunday auctioned at N52.1 million in Lagos.
The guitar which was auctiond by Dr. Jogun Onabanjo, Certified Auctioneer and Chief Executive of Onabanjo and Onabanjo & Co, is known to have been designed by Nigerian artist Victor Ehikamenor.
The glittering artistic piece was revealed at the King Sunny Ade‘s 70th birthday concert tagged Sunny on Sunday, which had an audience comprising of Nigeria’s richest and top celebrities.
The starting bid of nine million Naira was followed by a very competitive bid by the well-heeled audience consisting of influential businessmen such as Alhaji Aliko Dangote and Mr. Femi Otedola, and more closing at N52.1 million.
While the bid was in progress, the asking price for the guitar doubled to N17m under two minutes before exceeding the N50m benchmark in 15 minutes.
The winner was Tunde Folawiyo, the son of late Nigerian Businessman, Wahab Folawuyo.
Tunde Folawuyo is the Managing Director of the Yinka Folawuyo Group, an organisation with interest in energy, agriculture, sipping, real estate and engineering.
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