UPDATE - 2/2@11:24AM: With buyer commission, the total sale price was $247,250. Here's a photo of Rick with the guitar (thanks RushFanForever):

----- snip -----

A collection of six vintage guitars from Geddy Lee's extensive collection were first put on the auction block at a Mecum Auction in Las Vegas this past October. The prize of Geddy's collection was a rare, 1959 Les Paul Standard which failed to sell at the initial Vegas auction. However, it did finally find a buyer willing to shell out over $200K for the vintage instrument last month at a Mecum auction in Kissimmee - none other than Cheap Trick guitarist Rick Nielsen as seen in this video (thanks George Y). Nielsen has one of the most extensive vintage guitar collections in existence, and ended up paying $215K for the Les Paul. Over the course of the last several years Geddy has amassed a huge collection of his own while compiling his Big Beautiful Book of Bass, and decided to unload a few of them, saying that, "he feels that the time has come to reunite a select few of his finest string instruments with talented musicians around the world who can help these works of art fulfill their original and intended purpose of making art".