Kurt Cobain's iconic guitar from "Smells Like Teen Spirit" video sold for more than $4.5 million at auction

Late rocker Kurt Cobain's iconic guitar used in the video for Nirvana's lead single "Smells Like Teen Spirit" has been sold at auction for $4,550,000. The guitar, a 1969 left-handed Fender Mustang, was expected to sell between $600,000 to $80,000, according to Julien's Auctions.

The "Lake Placid Blue" guitar was bought by the Jim Irsay Collection, based in Indianapolis. The Cobain family, which owned the guitar before it sold, is donating some of the proceeds to Kicking The Stigma, the Irsays' initiative to raise awareness about mental health, according to the collection. 

Cobain's guitar was also used in the studio while Nirvana recorded their albums "Nevermind" and "In Utero," as well as numerous prominent live performances, according to Julien's. It was named one of the 150 of the most important guitars of all time to be featured in the book The Guitar Collection, according to the auction house.