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Colts owner Jim Irsay buys a Prince guitar for $137,500

Colts owner Jim Irsay buys a Prince guitar for $137,500

Indianapolis Colts owner Jim Irsay is known to have quite a collection of musical instruments. His latest addition is no exception.

Irsay spent $137,500 to purchase the Yellow Cloud electric guitar used by the late rock star Prince in numerous concerts until the mid-1990s, according to the Associated Press. The guitar was purchased at an auction Saturday night in Beverly Hills.

The event conducted by Heritage Auctions also included other items of Prince-related memorabilia.

Although the price Irsay paid for the guitar may seem steep, it’s nowhere near what he’s spent on other musical instruments. In December, he spent nearly $2 million for a Ringo...