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Reading: King Sunny Ade’s Guitar Auctioned at N52m
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King Sunny Ade’s Guitar Auctioned at N52m

Farouk Mohammed
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Farouk Mohammed
ByFarouk Mohammed
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Farouk Mohammed is the Publisher and Lead Editor of Okay News, an international digital news platform delivering verified reporting across technology, global affairs, business, innovation, and...
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Published: 2016/12/12
1 Min Read
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King Sunny Ade


A vintage fender guitar owned by legendary Nigerian musician was on Sunday auctioned at N52.1 million in Lagos.

KSA

 

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.

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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 of the auction is yet to be revealed.

The concert held at the Temple Balmoral Marquee, Federal Palace Hotel, Victoria Island, Lagos.

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