A guitar owned by Prince has sold for £100,545 at an auction in America.

The guitar was used by Prince in numerous concerts until the mid-1990s.

The instrument, a Yellow Cloud electric guitar, was purchased by Indianapolis Colts owner Jim Irsay.

Prince
A guitar used by the musician has gone on sale in the US (PA)

The NFL football team owner and collector of musical instruments paid £100,545 for the guitar at an auction in Beverly Hills.

Heritage Auctions, which conducted the auction, said the solid body guitar was a favourite of the late musician from the late 1980s to the mid-1990s.

Jim Irsay
Jim Irsay (AJ Mast/AP)

Prince died on April 21 at his Paisley Park home in Minnesota after an accidental overdose of fentanyl.

Jim is a keen collector and reportedly also has instruments once owned by musicians Jerry Garcia of Grateful Dead, John Lennon and Ringo Starr of The Beatles, as well as singer-songwriter Bob Dylan.

The auction also featured other Prince-related memorabilia.