A guitar played on a famous 80s hit has sold for more than £11,000 at auction after its previous owner bought it for £200.

The 1971 blue Fender Precision sold for £11,376 after its previous owner spotted the Specials guitar in a music shop in Kettering and bought it for just a few hundred pounds.

It was played by Horace Panter in May 1981 to record the Coventry-based band’s seminal single Ghost Town.

The bass was sold at Gardiner Houlgate auctions in Corsham, Wiltshire, where auctioneers previously predicted it could fetch up to £20,000.