Ah ! I remember the Singles-Busk well from the 1980 Olympics.
The event was won by a Kiwi (naturally). However, he was subsequently stripped of his medal, when he was deemed to have taken a performance- enhancing substance - a vegemite sandwich.
The gold medal was then conferred upon the second place getter, the representative from Medioka. Then, following a storm of protest, he too was stripped of the medal. The protest centred around his using a Stratocaster - the contoured body offering a huge advantage re. less drag and a lot of other highly technical stuff. (Amazingly, Fender missed a golden opportunity here and failed to capitalise on the publicity that was generated).
So, the medal ended up with, you guessed it, the bloody Oz-tralians !
Now, the joker who's auctioning this guitar may well have quite a little piece of history there. This may well be the very guitar from those Olympics; after all, who but an Oz-tralian would be that damn' stupid that they'd desecrate a Guild like this !!!!!!!