You Get What You Pay For
Collectors pay shockingly high prices for rare versions of otherwise common items. Take, for instance, the upcoming Legends of Rock and Roll auction that is expected to fetch as much as $250,000 for an electric guitar used by Jimi Hendrix. Other items up for grabs (for a hefty price) include guitars used by Elvis Presley, Kurt Cobain of Nirvana, Paul Stanley of Kiss, Tom DeLonge of Blink 182, and Robert Smith of The Cure. Of course, famous musicians' belongings aren't the only things that command big bucks at auction. Items from coins and stamps to bobblehead dolls and Beanie Babies can sell for impressive amounts.
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