Nirvana is still king

Kurt Cobain's black Fender Stratocaster is covered in scratches and chipped wood. The names of Cobain and his former band, Nirvana, are misspelled. And the guitar itself, which was once smashed and put back together, is no longer playable.

But on Saturday, the broken guitar was sold at Julien's Auctions for a whopping $596,000 — nearly 10 times more than the opening price — showing that the adoration for the rock icon is alive and well nearly 30 years after he died.

Items from Kurt Cobain or Nirvana are becoming more difficult to obtain and they are one of the highest in terms of collectability of all rock bands, Darren Julien, the CEO of Julien's Auctions said