A historic electric guitar designed, owned, played and customized by the late Les Paul, will be sold at auction next month. “Black Beauty,” as the Gibson Les Paul is known, is currently featured on the cover of Guitar Player magazine billed as “The Grail” — “the genesis of all Les Paul guitars to come!”

The instrument, a prototype of the second Les Paul model, dates from 1954 and was played by the Wizard of Waukesha until 1976. It will be offered for bids February 19th by Guernsey’s in New York.

Pete Townshend, Peter Frampton, Neil Young, Jeff BeckBob Marley and Jimmy Page are just a few of the legends who’ve played Les Paul models over the years.

It’s possible that the guitar could fetch a record-setting price. Right now, the most expensive electric guitar ever sold is the Fender Stratocaster Bob Dylan played at the 1965 Newport Folk Festival, which sold for $965,000 in December 2013.

The auction also includes recording equipment from the private collection of Paul, who died in 2009.