As far as headbands go, Jimi Hendrix‘s one isn’t just a piece of fabric, it’s a massive chapter of pop culture history … and bidders are now shelling out some serious $$$ to get their hands on it.

Heritage Auctions has listed the piece of clothing memorabilia that Jimi wore to a slate of legendary performances in the sixties … and so far the bidding war’s pushed the price tag to $13,500 — and it’s estimated to fetch up to $40,000.

Jimi’s legendary red, blue, and white headgear graced the stage during 7 of his packed-out performances … starting from Fillmore East, NYC, in 1969 to Memphis, TN, in 1970.

And, if that ain’t enough to lure bidders … there’s an extra layer of value woven into this particular headband.

He wore it for his live performance of “Machine Gun” on New Year’s Day 1970 … you know, the one famously declared “the most brilliant, emotional display of virtuoso electric guitar playing I have ever heard” by concert promoter Bill Graham.

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In fact, last year, Rolling Stones dubbed him the greatest guitarist of all time because of that very performance.

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Securing a piece of Jimi’s signature stage style ain’t exactly budget-friendly … but you have a few more weeks to break open the piggy bank before bidding ends!