Jim Irsay plunks down a boatload of cash for one of Prince's favorite guitars

When you own an NFL team, chances are you have a lot of money. When you have a lot of money, in this country (and, you know, others), you get the chance to do some pretty cool stuff. Like go to auctions and buy things that used to belong to famous people.

This weekend, that's exactly what Colts owner Jim Irsay did. According to ESPN.com, Irsay purchased a bright yellow guitar at an auction this weekend. That wouldn't normally be notable, except the guitar belonged to Prince.

Jim Irsay bought Prince's 'Yellow Cloud' guitar at an auction. USATSI

That, of course, is the famous "Yellow Cloud" guitar that Prince used in concerts through the mid-1990s. Irsay is a collector of musical instruments, and per ESPN, dropped $137,500 to swoop this up at an auction in Beverly Hills.

Prince, of course, tragically passed away at his home earlier this year, due to an accidental overdose of fentanyl.

CBS Sports Writer

Jared Dubin is a New York lawyer and writer. He joined CBSSports.com in 2014 and has since spent far too much of his time watching film and working in spreadsheets. Full Bio

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