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Jim Irsay buys a Prince guitar for $137,500

princeguitar

Colts owner Jim Irsay isn’t saving all his money for Andrew Luck’s next contract.

Irsay spent $137,500 on the “Yellow Cloud” guitar that Prince used in the 1990s, the Associated Press reports. Irsay made the purchase at an auction in Beverly Hills on Saturday night.

Although $137,500 sounds like a lot of money to those of us who didn’t inherit a football team, it’s nowhere near the most money Irsay has ever spent on a musical instrument. In December he spent about $2 million on a Ringo Starr drum set that allowed him to complete a collection that also included guitars previously owned by Paul McCartney, John Lennon and George Harrison.

Irsay will be writing a much bigger check when Luck signs a contract extension, which is expected to come in the next month.