Bob Dylan guitar fetches $495,000 at auction

A jumpsuit worn by Elton John is flanked by a guitar, left, owned by Robbie Robertson and used by Bob Dylan, and another guitar used by Jeff Beck at the Hard Rock Cafe, Monday, May 14, 2018, in New York. (AP)
Updated 20 May 2018
0

Bob Dylan guitar fetches $495,000 at auction

NEW YORK: A guitar that played a key role in Bob Dylan’s artistic evolution from folk music to rock fetched a half million at auction on Saturday.
The guitar, a 1965 Fender Telecaster that belonged to Robbie Robertson, Dylan’s guitarist, was used by Dylan, Eric Clapton and George Harrison, Julien’s Auctions said Saturday.
It had been expected to fetch between $400,000 and $600,000.
The guitar marked the singer’s path from folk stylings like “The Times They Are A-Changin’” (1964), to electric rock, like his 1965 hit “Like a Rolling Stone.”
Other famous guitars went under the hammer on Saturday: George Harrison’s first electric guitar, a $40,000 Hofner Club 40, and a Fender Telecaster rosewood guitar made for Elvis Presley in 1968, priced at a cool $115,200.
More than 40 years after his death, Elvis items still fetch a handsome price.
A heavily decorated Elvis belt, which he wore during a concert in Hawaii in 1972, sold for $354,400.
A star-shaped diamond ring donated by Elvis to an admirer at a concert in 1975 brought in a sparkly $100,000.
The sale also included show costumes that belonged to artists from Elton John, to Britney Spears and Michael Jackson.
A leather jacket and pants suit from the late “Thriller” singer, with a yellow shirt, brought in $217,600, Julien said.


'Abdulla Al Ghurair Foundation' pledges $27 million for refugee education

Updated 20 June 2018
0

'Abdulla Al Ghurair Foundation' pledges $27 million for refugee education

DUBAI: On World Refugee Day, Abdul Aziz Al Ghurair, Emirati businessman and philanthropist, announced the Abdul Aziz Al Ghurair Refugee Education Fund, a new 100M AED ($27 million) initiative to benefit 5,000 children and youth over 3 years.

Abdul Aziz Al Ghurair said: “I established this fund because I believe that philanthropists have a role in helping to address one of the most acute challenges of our region: lack of education opportunities for young people who need it the most.”
The Fund will award grants to support secondary, vocational and tertiary education programs for refugee youth in Jordan and Lebanon. It will also support children of families who due to wars and disasters in their home countries, temporarily reside in the UAE but are unable to afford school fees. The first round of grants will be announced prior to the start of the new school year.

Applauding this initiative, Filippo Grande, the United Nations High Commissioner for Refugees said: “We welcome the generous commitment by Abdul Aziz Al Ghurair. The Fund highlights the importance of the Arab world’s business community in creating a positive impact through supporting the region’s displaced communities.”

Commenting on the initiative, Gordon Brown, United Nations Special Envoy for Global Education said: “There can be no better investment in the future of the Arab region than to support the education of the most vulnerable — refugee children and youth.”

The AbdulAziz Refugee Education Fund will be administered by the Abdulla Al Ghurair Foundation for Education. Founded in 2015 and based in Dubai, it is the largest privately funded foundation in the Arab world focused exclusively on education. It aims to improve access to quality education for high-achieving, underserved Emirati and Arab youth. Abdulla Al Ghurair pledged one third of his wealth to the Foundation and set out a target of reaching 15,000 youth over 10 years valued at over $1 billion.