Avant garde artist Yoko Ono reportedly bought the handwritten lyrics to her late husband John Lennon's classic 1969 anthem GIVE PEACE A CHANCE for $427,000 (GBP250,000) at auction last night (17NOV05).

The legendary lyrics, which had been scrawled on the back of an envelope by the former beatle, were due to go under the hammer at London auction house Bonhams.

But an anonymous enthusiast snapped up the lot in a private sale - and the buyer is believed to be Ono.

A Bonhams spokesperson says, "The lyrics to Give Peace A Chance were withdrawn today following a private treaty sale arranged by Bonhams.

"These historical lyrics were sold for a substantial undisclosed sum just prior to the sale to a private buyer who wishes to remain anonymous."