Indianapolis ( Associated Press) — Jim Irsay, owner of the Indianapolis Colts, spent years putting together his massive guitar collection.
On Monday, he announced one of his prized possessions—the Fender Mustang electric guitar used by the late Kurt Cobain—will be auctioned to help support the team’s Kicking the Stigma mental health awareness campaign.
Bidding will take place May 20-22 at the Hard Rock Cafe in New York City’s Times Square, and a portion of the proceeds will go to Irse’s initiative.
During the announcement, Irse and her daughter, Kellen Jackson, said that Cobain’s family supported the move and that other Cobain items would be placed on the auction block during that weekend.
But Irsay, who owns dozens of musical instruments, including The Beatles’ drum sets and the original manuscript of Jack Kerouac’s “On the Road,” has no intention of losing Cobain’s guitar with an opening bid of $2 million.
Cobain used the guitar in Nirvana’s iconic “Smells Like Teen Spirit” music video.
Irsay has committed $16 million to the team’s mental health initiative, and Irsay said he is in talks with director Peter Berg about filming a new public service announcement. Berg directed Hollywood hits such as “Friday Night Lights,” “Lone Survivor” and “Patriots Day.”
Cobain died in April 1994 in what was considered a suicide.