The guitar, built in 1966 by the VOX company, was bought by an unidentified American buyer in New York, BBC reported. Harrison played 'I Am The Walrus'on the guitar in a scene from 'Magical Mystery Tour' in 1967. Lennon used it in a video for 'Hello, Goodbye' later that year.
The Julien's Auctions company said the guitar exceeded its estimated value of 200,000-300,000 USD. Lennon later gave the guitar as a 25th birthday present to Alexis Mardas, a member of 'The Beatles' inner circle in the 1960s. A plaque on the back of the instrument reads: "To Magic Alex/ Alexi thank you/ for been a friend/ 2-5-1967 John (sic)". Mardas sold the instrument in 2004.