King Sunny Ade’s Guitar Goes For N52m

King Sunny AdeKing Sunny Ade
  • King Sunny Ade’s Guitar Goes For N52m

A vintage fender guitar owned by legendary Nigerian musician, King Sunny Adé, 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 of the auction is yet to be revealed.

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

Social media, especially twitter has been agog with the auction of the guitar.

DaddyMO said “What recession??? King Sunny Ade’s guitar went for N52.1million from a starting of N9m…Legendary!!!!! ”

Chidi Okereke ‏@Chydee says `So, last night, somebody bought King Sunny Ade’s guitar for N52.1 million. In this recession”.

Ehikioya ‏@Mistakingso said:“If a guitar by King Sunny Ade could go for N53m, how much do you think Fela’s sax will go for?”

About the Author

Samed Olukoya
Samed Olukoya is the CEO/Founder of investorsking.com, a digital business media, with over 10 years' experience as a foreign exchange research analyst and trader. A graduate of University of East London, U.K. and a vivid financial markets analyst.

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