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Jim Irsay buys Prince's famous 'Yellow Cloud' guitar for $137,500

Related Topics: Jim Irsay, Prince (musician), Guitar

When some music lovers want to splurge, they buy a $25 iTunes gift card and download some new music.

MORE: Prince Vikings' jersey | Name a Minnesota franchise after Prince

When you're Colts owner Jim Irsay, and money is no object, you can afford to go bigger. Irsay spent $137,500 on the custom-made “Yellow Cloud” guitar that Prince played in the late 1980s and early 1990s. The Associated Press reported (via Pro Football Talk) that Irsay made the winning bid Saturday night at Heritage Auctions in Beverly Hills.

It's just the latest choice addition to Irsay's unique collection of instruments.