A guitar given to Elvis Presley by his father in 1969 went under the hammer for £230,000 in New York during an auction that also saw a Michael Jackson vest fetch £176,460.

Vernon Presley is said to have changed the finish of the Gibson Dove acoustic guitar to ebony after his son earned his black belt in karate.

During a 1975 concert in Asheville, North Carolina, Presley had given the guitar to fan Mike Harris, who had kept it until now.

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The guitar given to Elvis Presley by his father in 1969 went under the hammer for £230,000 in New York during an auction

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Elvis Presley’s guitar (left) and  by his father in 1969 went under the hammer for £230,000 and his painted leather jacket (right) which was exhibited

Another highlight of the auction was a red neoprene vinyl jacket created by Dennis Tompkins and Michael Bush for Michael Jackson to wear during the 1996-1997 HIStory world tour.

The highest bid reached £244,287 for John Lennon’s handwritten lyrics to Beatles song ‘Being for the Benefit of Mr. Kite!’

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Overall, the sale produced lukewarm results.

Lady Gaga’s first piano, estimated to be worth up to £138,000, did not find a buyer. Neither did Stevie Ray Vaughan’s Fender Broadcaster electric guitar, valued at up to £415,000.

Elvis’s first piano sold for £97,000, less than the £138,000 – £207,000 estimate. 

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NEW YORK, NY – MAY 16: Elvis Presley’s handwritten ‘Philosophy For A Happy Life’ displayed during Julien’s Auction Music Icons Exhibition