A guitar played by George Harrison and the late John Lennon fetched an incredible amount of money at auction in New York City over the weekend.

The customized VOX guitar sold for double the predicted amount during the music auction at Times Square's Hard Rock Café on May 18 and the auction house, Julien's Auctions, explained:

"The rare offering of a VOX guitar played by both John Lennon and George Harrison is what rock & roll legends are made of."

Harrison rehearsed 'I Am The Walrus' on the instrument while Lennon used it in a video shoot for 'Hello Goodbye', both of which feature on 1967 album 'Magical Mystery Tour'.

The guitar was custom made by Mike Bennett and Dickey Denney, and was given to "Magic Alex" Mardas, an engineer at Apple Records and close friend of the Beatles, back in 1967.

Watch The Beatles' video for 'Hello Goodbye' below: