Jimi Hendrix’s famous Monterey Pop Festival guitar going up for auction
YouTube/Bali Hai

Last week, the former guitar belonging to Grateful Dead member Jerry Garcia was sold at auction for an astounding $1.9 million. Now it looks like an equally iconic guitar that once belonged to Garcia’s counter-culture comrade, Jimi Hendrix, will also be hitting the auction block in the coming weeks, TMZ reports.

According to the celebrity-based news site, a private collector in the U.K. will be auctioning off the Black Pepper Fender Stratocaster that Jimi Hendrix famously lit on fire during his performance at the 1967 Monterey Pop Festival.

The timing could not be any more nostalgic, as the auction date on June 17 falls on the same weekend when the famous festival’s 50th anniversary will be celebrated at the Monterey County Fairgrounds in California. The auction will take place just down the road in Beverly Hills, Calif., where the asking price for the guitar reported to be starting at a manageable $500,000.

Tickets are still available at a more reasonable price for the upcoming Monterey International Pop Festival 50, which will feature performances by Grateful Dead’s Phil Lesh, Norah Jones, Gary Clark Jr. and more. Tickets for all three days of the event can be purchased by clicking here.