The battered electric guitar used by Jimi Hendrix to play the "Star Spangled Banner" at the 1969 Woodstock Festival fetched $324,000 in an auction of rock memorabilia.

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An official of Sotheby's auction house said Richard Pugliese, an Italian collector, paid $324,000 for the Fender Stratocaster electric guitar. It was three times the expected price and made it the world's most expensive guitar.

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