Elvis' guitar
Elvis' guitar

Elvis Presley bought his first guitar back in 1946 with some help from his mother for his 11th birthday. But Elvis didn't want a guitar; he wanted a .22 rifle.

His mother wouldn't hear of it. She helped him put up the $7.75 for the instrument. The acoustic guitar is a bit worse for wear, with only four strings and buttressed with masking tape. In spite of that, or maybe because of it, Guernsey's founder Arlan Ettinger expects it to fetch more than $300,000.

Last updated September 15 2011: 12:47 PM ET
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