A guitar owned by legendary rock musician Jeff Beck has been sold for £1,068,500 at auction. The 1954 'Oxblood' Gibson Les Paul, which featured on the cover of his 1975 album Blow by Blow, went under the hammer in London on Wednesday.

Jeff Beck's iconic 1954 guitar, part of a collection of approximately 130 instruments and equipment, far exceeded its pre-auction estimate at Christie's in London.

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Beck’s 1954 “Oxblood” Gibson Les Paul sold for £1,068,500 (approximately $1,317,111), according to BBC. The guitar had a pre-auction estimate of £300,000 to £500,000 ($390 to $600 million).

The white Fender Stratocaster was signed by Ravi Shankar’s daughter Anoushka Shankar, a celebrated sitar player in her own right. It was not the most expensive item sold at the auction

Gibson Les Paul owned by Jeff Beck sold for £1.06 million ($1.3 million) at an auction of the late guitar legend's musical equipment in London on Wednesday.

A sale of Jeff Beck guitars and other items from his collection have sold for a total of £8.73 million at auction. More than 130 guitars along with amps and pedals from the guitarist’s almost six-decade-long career, went on sale on Thursday, with two of his instruments being bought separately for more than £1 million.

More than 120 guitars, amps and pedals from legendary rock musician Jeff Beck's career have been sold at auction for £8.7m, more than eight times the pre-sale estimate. All the items sold at the auction in London on Wednesday generated £8,727,284, with bids received from 40 countries.

The mega-auction, which included over 130 guitars, amps, and ‘tools-of-the-trade,’ saw some of Beck's most noteworthy guitars – including his ‘Oxblood’ Gibson Les Paul and ‘Anoushka’ Strat – go under

His famed "Oxblood" Les Paul, featured on the cover of his 'Blow by Blow' album, is the record-breaking star of the show

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Over 130 guitars, amps, and other industry pieces belonging to musician Jeff Beck are heading to auction via Christie's London today.