When an Antoria six-string acoustic guitar played by Sir Paul McCartney in his early band The Quarry Men made $70,000 at Bonhams recently, no one batted an eyelid. Because alongside Elvis and Michael Jackson, The Beatles are kings of the thriving musical and entertainment memorabilia market. Financial woes usher many items to the auctioneer’s block: John Lennon donated his psychedelic Rolls Royce Phantom V to New York’s Cooper-Hewitt Museum to help settle an IRS dispute. It was auctioned at Sotheby’s after his death for $2.29 million. And death can be the ultimate fiscal stimulus: the late Elizabeth Taylor made history in 2011 when the Christie’s sale of her jewels fetched $116 million. Auctions of Michael Jackson’s stage outfits, meanwhile, continue to generate money for his debt-laden estate – Lady Gaga snapped up 55 such lots recently. Gaga knows that celebrity today means having a slice of your idol now: the Fame Monster star recently autographed a urinal that sold for $460,000 on eBay. bonhams.com; juliensauctions.com
