NEW YORK (July 3, 2013)--The Fender Stratocaster Bob Dylan played when he "went electric" at the 1965 Newport Folk Festival will be auctioned.
The guitar was in Dawn Peterson’s family for nearly 50 years and was authenticated last year on the PBS show "History Detectives."
Peterson recently settled a legal dispute with Dylan over who owned the guitar, Rolling Stone reported.
The terms of that settlement were confidential.
Peterson's father was a private pilot, and Dylan left the guitar on his plane.
Peterson says she heard her father tried to return it but got no response.
She said she heard that Dylan's managers said they would just ask Fender for another guitar.
Peterson is not sure how she'll auction the guitar yet.
She said "History Detectives" set its value at $500,000, but she thinks it's worth more.