The ruffled shirt worn by Prince in the hit 1984 film Purple Rain and one of his guitars are among the items set to fetch more than $100,000 at auction next month.
Prince’s trademark shirt alone is expected to fetch a whopping $60,000.
The custom-made, silk garment comes with a ‘Prince’ label sewn into the neck and a letter from musician Sheila E.’s mother, saying that the shirt was made for the diminutive star and later given to her daughter.
Boston-based RR Auction described the item as ‘a remarkable, museum-quality piece’ due to being ‘an iconic, screen-worn shirt from the classic movie’.
Also set to go under the hammer in the online sale, which closes on March 10, is a bright yellow Cloud guitar once owned by the famed singer, songwriter and musician. It is also expected to fetch $60,000.
The ruffled shirt worn by Prince (pictured) in the hit 1984 film Purple Rain and one of his guitars are among the items set to fetch more than $100,000 at auction next month
Prince’s trademark shirt alone is expected to fetch a whopping $60,000. The custom-made, silk garment (left) comes with a ‘Prince’ label sewn into the neck and a letter from musician Sheila E.’s mother, saying that the shirt was made for the diminutive star and later given to her daughter. Other clothing items going under the hammer include the musicians custom-made purple ‘New Power Generation’ Boots (right)
‘It’s an iconic and simply gorgeous Prince-played Cloud guitar that perfectly embodies the flash and flamboyance of its legendary owner,’ a representative from RR Auction said.
Made in 1995 by Kurt Nelson, a luthier from Prince’s hometown of Minneapolis, the neck of the guitar features 18 of Prince’s iconic ‘Love Symbol’ – a combination of the symbols for male and female.
The coveted instrument, which Prince used to play at gigs in the mid-1990s, and ostentatious blouse are just two of the legendary late artist’s personal items up for grabs in the sale.
A coveted bright yellow Cloud guitar, which Prince used to play at gigs in the mid-1990s, is also going up for sale. Made in 1995 by Kurt Nelson, a luthier from Prince’s hometown of Minneapolis, the neck of the guitar features 18 of Prince’s iconic ‘Love Symbol’ – a combination of the symbols for male and female
Prince was known for his flamboyant and androgynous style and several pieces from his wardrobe feature in the auction, including a handmade Lords jacket worn in a photoshoot with his long time photographer and friend Randee St. Nicholas.
‘Any piece from Prince’s personal wardrobe is tremendously desirable, and that he chose to wear this jacket in a photoshoot makes it especially significant,’ RR Auction’s rep said.
Other clothing items include Prince’s custom-made purple ‘New Power Generation’ Boots and his gold 1995 American Music Awards and ‘Jam of the Year Tour’ outfit.
Several of the items in the auction were previously sold in 2016, with the ruffled shirt going for 32 times its asking price at nearly $100,000, The Guardian reported.
The diminutive rockstar was known for his flamboyant and androgynous style and several pieces from his wardrobe feature in the auction including a handmade Lords jacket worn in a photoshoot with his long time photographer and friend Randee St. Nicholas (right) and his gold 1995 American Music Awards and ‘Jam of the Year Tour’ outfit (left)
At a separate auction that year, the yellow Cloud guitar was sold to the owner of the Indianapolis Colts, Jim Irsay.
A collector of musical instruments, Irsay paid $137,500 for the guitar when it went on sale at Heritage Auctions in Beverley Hills, California.
The current online auction also includes items from other music legends including a signed Bob Dylan Highway 61 Revisited album and documents associated with his Triumph motorcycle crash, as well as a Yellow Submarine jukebox and vintage signature sets from The Beatles.
The auction comes as the ongoing controversy over the money left behind by Prince when he died without a will is heating up again after Internal Revenue Service calculations showed that executors of the rock star’s estate undervalued it by 50 per cent, or about $80million.
The IRS determined that Prince’s estate is worth $163.2million, including his home at Paisley Park in Minnesota (pictured)
The IRS determined that Prince’s estate is worth $163.2million, overshadowing the $82.3million valuation submitted by Comerica Bank & Trust, the estate’s administrator.
The discrepancy primarily involves Prince’s music publishing and recording interests, according to court documents.
Documents show the IRS believes that Prince’s estate owes another $32.4 million in federal taxes, roughly doubling the tax bill based on Comerica´s valuation, the Star Tribune reported.
The IRS also has ordered a $6.4 million ‘accuracy-related penalty’ on Prince´s estate, citing a ‘substantial’ undervaluation of assets, documents show.
Prince’s death of a fentanyl overdose on April 21, 2016, created one of the largest and most complicated probate court proceedings in Minnesota history.