The latest most expensive electric guitar in the world dethroned its predecessor at an auction in Doha, Qatar on November 16th, 2005. The Strat was signed by several rock musicians to benefit a tsunami charity, ‘Reach out to Asia’. It was bought one year ago by Qatar’s royal family for a million dollars and donated back to the Asia Program, bringing in $2.7 million USD at the more recent auction, whose attendees included Former President Bill Clinton. Technically, the guitar has generated a total of $3.7 million USD, making it the most expensive guitar yet. Signees of this expensive electric guitar included Mick Jagger, Keith Richards, Eric Clapton, Brian May, Jimmy Page, David Gilmour, Jeff Beck, Pete Townsend, Mark Knopfler, Ray Davis, Liam Gallagher, Ronnie Wood, Tony Iommi, Angus & Malcolm Young, Paul McCartney, Sting, Ritchie Blackmore, Def Leppard, and Bryan Adams, the coordinator of the project.