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Bob Dylan guitar under New York hammer for $500,000

US legend Bob Dylan performs on stage during the Vieilles Charrues music festival on July 22, 2012 in Carhaix-Plouguer, western FranceBob Dylan's electric guitar, on which he performed a career-defining set at the Newport Folk Festival in 1965, is going under the hammer in New York for $500,000. Christie's will auction off the 1964 Fender Stratocaster guitar on December 6 with five newly discovered Dylan song lyrics dating back to 1965-66. Christie's expects the guitar to fetch $300,000 to $500,000, and the lyrics $3,000 to $30,000.