An electric guitar once played by Beatles' John Lennon and George Harrison up for auction in May.

 (JULIEN'S AUCTIONS) - An electric guitar played by John Lennon and George Harrison at the height of the Beatles' fame is expected to fetch between $200,000 and $300,000 at auction in May, Julien's Auctions said on Thursday (March 21).

Harrison used it to practice the 1967 song "I Am the Walrus," while Lennon played the guitar the same year while recording a video session for "Hello, Goodbye." Both songs were included on the "Magical Mystery Tour" album.

Beverly Hills-based Julien's Auctions said the guitar was given as a gift in 1967 toYanni "Magic Alex" Mardas, the electronics engineer for the band's Apple Records label.

Other Beatles items for sale at the May 18 auction in New York include a copy of the band's 1963 debut album "Please Please Me," signed by all four band members and which has an estimated price of between $30,000 and $50,000. A copy of Lennon's whimsical 1964 book of stories and drawings "In His Own Write" - also signed by the band - could fetch up to $30,000.

The VOX guitar will go on display from April 16 to May 5 at the Museum of Style Icons in Newbridge, Ireland, ahead of the New York auction.