The guitar Jimi Hendrix set on fire in 1967 was sold at an auction for over $380,000.

The black Fender Stratocaster became famous after Hendrix set fire to it at the Monterey International Pop Festival in 1967.

Legend has it that the guitar Hendrix was playing onstage was switched with a lesser, cheaper instrument moments before the burning.

A manager at Hendrix's label owned the original guitar. He explained how Hendrix only set fire to the guitar to get one over on Pete Townshend of The Who, who had smashed up his guitar earlier in the day.

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