John Lennon's Gretsch guitar expected to fetch $1milllion at auction

John Lennon's Gretsch guitar is expected to fetch  $1million dollars at an auction.

The guitar played by Lennon on the recording of Paperback Writer was given by the singer to his cousin David Birch, the Independent reported. Birch asserted that he had fancied forming his own band and he was just cheeky enough to ask Lennon for one of his spare guitars. 

TracksAuction.com said that that Birch was now in possession of one of the most significant of Lennon's guitars to come on to the market in the past 30 years.

Online bidding of the guitar begins in November, 2014.