The $1.27 million price tag makes it the most expensive Harrison-owned guitar ever sold at auction.

The Quiet Beatle purchased the Futurama in 1959 from a music store in Liverpool.

The Harrison estate and Dark Horse Recordsrecently releasedthe 50th anniversary edition of his fourthsolo albumLiving in a Material World.

The Beatles in Hamburg in 1961.(L to R) Pete Best, George Harrison, John Lennon, Paul McCartney and Stuart Sutcliffe. (Express Newspapers Via AP Images)

The Beatles in Hamburg in 1961.(L to R) Pete Best, George Harrison, John LennonExpress Newspapers/AP