The guitar that rock icon Jimi Hendrix set alight in 1967 sold at auction earlier this week for over £200,000.

The instrument, namely a black Fender Stratocaster, was made famous after Hendrix set fire to it at the Monterey International Pop Festival in '67 and previous owner James Wright, a manager at Hendrix's label, sold it for the impressive sum of £237,000.

Wright opened up about the guitar's history to London's Metro newspaper and explained that Hendrix set fire to it in order to out-do The Who's Pete Townshend, who had smashed up his guitar earlier the same day:

"Jimi asked for some lighter fuel. He wanted to outdo Pete. At the time, it was his favourite guitar and he didn’t want to ruin it."

Watch footage of Hendrix burning his guitar below: