Hollywood actor Richard Gere is raising money for charity by selling off his personal guitar collection, with one rare piece expected to sell for $90,000 or better.

Gere admits he is reluctant to give them up, but I’m sure he understands the importance of giving back.

“It’s more than a little painful to let them go. They have been my true friends through the best and worst of times. I didn’t plan to build a collection – I just bought ones I liked that sounded good and played well.”

A Flying V Gibson guitar from 1958, once owned by blues legend [lastfm link_type=”artist_info”]Albert King[/lastfm], is the showpiece of the event, expected to raise $90,000.

Another high-priced guitar, a 1931 Martin D28, was once owned by Bob Marley’s bandmate Peter Tosh and is also expected to generate huge numbers.

Gere estimates that the entire collection of 110 guitars could sell for upwards of $1 million on October 11th in New York City.


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