Elvis guitar fetches $334,000 at auction

A guitar given to Elvis Presley by his father in 1969 went under the hammer for $334,000 in New York during an auction that also saw a Michael Jackson vest fetch $256,000.

Vernon Presley is said to have changed the finish of the Gibson Dove acoustic guitar to ebony after his son earned his black belt in karate.

It beat auction house Julien's estimate of $200,000 to $300,000 for Saturday's sale.