In June 2019, an electric guitar known as “The Black Strat”—played for decades by Pink Floyd’s David Gilmour—was auctioned for a little less than $4 million, making it the most expensive guitar ever sold.1 Emblazoned on its headstock is the name “Fender,” after its late designer, Leo Fender, who never learned to play or even tune a guitar but who undoubt…
