Music fans and collectors, get ready! A piece of rock and roll legend is hitting the auction block. A striped 1985 Kramer studio guitar, once owned by the late, great Eddie Van Halen, is reportedly going up for auction. This exciting development, recently updated by TMZ, has enthusiasts buzzing with anticipation.

This particular six-string is set to be auctioned on GottaHaveRockAndRoll.com, with bidding open from today, February 25, through March 13. The highly sought-after instrument is expected to command a hefty price, with estimates ranging between $1,000,000 and $1,500,000. The starting bid for this iconic guitar is set at $700,000, making it a high-stakes opportunity for serious collectors.

The guitar carries a unique history: Eddie Van Halen himself presented the instrument to Michael Gutierrez, the lucky winner of a 1985 contest held during the NAMM guitar show. Now, decades later, Gutierrez is the consignor for the auction, offering fans a rare chance to own a direct link to the guitar virtuoso's legacy.