A guitar bought by the late George Harrison for £58 and used in the early days of The Beatles has sold for over £1 million at auction.

George Harrison's early Futurama guitar set a world record for most expensive Harrison guitar ever sold at auction.

Julien’s Auctions originally priced the guitar between $600,000 to $800,000, meaning it sold for nearly double the lower end of its estimate. The $1.27 million price tag makes it the most expensive Harrison-owned guitar ever sold at auction.

A guitar bought by George Harrison for about 58 British pounds ($73) has sold at auction for more than 1 million British pounds ($1.27 million).

A guitar bought by George Harrison for about £58 (€70) has sold at auction for $1.27 million (€1.2 million).

The Quiet Beatle’s 1958 Resonet Futurama solid body electric guitar was up for sale at Nashville’s Musicians Hall of Fame and Museum as part of Julien’s Auctions Played, Worn & Torn II two-day event.

A guitar owned by George Harrison just sold for an eye-popping $1.27 million at auction. It’s the highest-ever auction price for a guitar owned by the former Beatle. The early, Beatles-era Futurama guitar once owned by Harrison was the showpiece item in Julien’s Auction’s “Played,

The Futurama guitar bought by a teenage George Harrison for Stg58 ($A112) has sold for more than Stg1 million ($A1.9 million) at auction.

The Futurama electric guitar was bought by Harrison when he was a 16-year-old apprentice electrician in 1959 and was paid for in 44 instalments.