Yesterday (June 17) his Facebook page detailed the specifics of the auction. While his most important guitars, amps, and effects will be kept by Sister Ray Enterprises for his archive, many pieces are still up for sale.
The money made will go towards further developing the Lou Reed Archive.
“All of these items were kept at Sister Ray Enterprises and were used by Lou and his band on tour,” Reed’s Facebook page reads. “Don’t miss this unique opportunity to own a piece of music history.”