A rare guitar once owned by legendary Ramones rocker Johnny Ramone has sold at auction for just under $72,000 (£45,000).

The red 1965 Mosrite Ventures V1 model was owned by the late punk icon in the 1980s until he sold the instrument in 1990, signing it, "Best always, Johnny Ramone, 5/22/90".

It went under the hammer at the Massachusetts-based RR Auction on Thursday (22Jan15), when it was snapped up for $71,875 (£44,922).

A statement issued to RollingStone.com by RR Auction Executive Vice President Bobby Livingston reads: "One of just nine Mosrite guitars owned by Johnny Ramone known to exist - it is not surprising that it was able to achieve such an impressive figure.

The sale also featured two handwritten love letters from fellow cult star Jerry Garcia to an unidentified model he met at a party in 1980 after performing a mini-residency at New York's Radio City Music Hall. The notes sold for $32,500 (£20,313).