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."
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