Jerry Garcia's Guitars Auctioned

NEW YORK (Guernsey's Auctions) - Two guitars belonging to Grateful Dead frontman Jerry Garcia were sold at auction Wednesday for about $1.74 million, the president of Guernsey's auction house said.

The auction, held at Studio 54, was put together by Guernsey's, and featured an assortment of items from the band and from Garcia, who died in 1995. The highlights were "Tiger" and "Wolf," the custom-made guitars that were among the few instruments Garcia used during his career.

Guernsey's president Arlan Ettinger said an anonymous buyer made the highest bid of $850,000 on Tiger. With buyer's commission, the total price came to $957,500. Another anonymous buyer made the winning bid of $700,000 for Wolf, Ettinger said, with buyer's commission bringing the total price to $789,500. The commission is 17.5 percent for the first $100,000, plus 12 percent of the bid amount above $100,000, Ettinger said.

Other items in the auction included Garcia's paintings, his motorcycle, rare posters and photographs.