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Owning a guitar used by a famous rock musician is a way of owning a piece of history. Here are the most expensive guitars in rock history. ... It's still not exactly cheap, going for about $7,000 — and only 250 were manufactured, ensuring that the price will only get higher. The "Reach Out to Asia" Fender Strat: $2.7 million. Best cheap acoustic guitars: Guitar World's choice For sheer affordability, it's hard not to recommend the Yamaha F335 (opens in new tab) . This classy-looking dreadnought has all the hallmarks you'd expect from a Yamaha guitar, with an insanely playable neck, superb build quality, and rich, complex tone, all for a genuinely wallet-friendly price. A 1962 Daniel Friederich flamenco guitar was sold for $7,500 by auction house Christie’s in October 2011, although expect to pay more for later models. Thomas Humphrey (26 guitars) The next most popular luthier in our survey is American luthier Thomas Humphrey (1948-2008), who took guitar making in a new direction with his Millennium model.. U2 Art Guitar. Gibson Epihone Les Paul, Hand-Jeweled U2 Art Top, Played by U2 Tribute band. 4G. Bootsy Collins. Fender Precision Bass. Hand-Jeweled Skull Art Top, Stage Played by Bootsy Collins. Multiple Signatures, Bands Include Warrant and Firehouse. 4G. Mark Kendall. Quicksilver Guitar Stage Played by Mark Kendall..