Nigerian Businessman Buys King Sunny Ade Guitar For N52 million [PICS]

The auction of the music item was held at the Sunny On Sunday concert, commemorating the 70th birthday ceremony of Juju music icon, King Sunny Ade, on Dec 11th at the Temple Balmoral Marquee, Federal Palace Hotel, Victoria Island, Lagos.

A major highlight of the event was the auction of one of King Sunny Ade’s famous guitars masterfully painted by award-winning artist, Victor Ehikhamenor. The guitar was auctioned by Dr. Jogun Onabanjo, Certified Auctioneer and Chief Executive of Onabanjo & Onabanjo & Co.

Dr. Onabanjo placed the guitar on toss from N9m (nine million Naira) and a very competitive bid followed and was closed at N52.1m. While the bid was in progress, the asking price for the guitar doubled to N17m under two minutes before exceeding the N50m benchmark in 15 minutes.

With the bid opening at N9million, the bid was eventually won by Nigerian mogul, Tunde Folawiyo, the son of late Nigerian businessman, Wahab Folawiyo.

Speaking earlier about the guitar, KSA said: “Talking about my guitar which will be auctioned on the night to make the grand finale of my show, that piece is a part of the art. For the guitar to go into the art is a very good place for it to be. It is a symbol of art for me. I didn’t make it but it was for me and having possessed it, it should be an art piece that will remain for live. My guitar is my baby”.