Talk about an expensive ride. At the recent auction of items from Waylon Jennings' estate, held at the Musical Instrument Museum in Phoenix, Ariz., the item with the highest bid, a whopping $457,500 (confirmed by Saving Country Music), was a motorcycle given to Jennings that was once owned by his close friend Buddy Holly.

Although the almost half-million-dollar price tag seems hefty, the auctioneer company, Guernsey's, says the anonymous buyer has a special goal in mind for his new purchase.

“I can tell you that the buyer is from Lubbock, Texas, and that it’s his intention to ride it once and then take it straight to the Buddy Holly Museum and put it on long-term loan," spokesperson Lindsey Heller says.

Holly passed away in 1959 in an airplane crash. He had just disbanded his band, the Crickets, and had started touring with Jennings, who was originally planning on being on the fatal flight. Jennings gave his spot up to another band member who had the flu.

The 1958 Ariel Cyclone motorcycle was given to Jennings for his 42nd birthday in 1979. Holly's father held on to the bike until 1970, then sold it to someone in Austin, Texas. The two remaining Crickets members found the motorcycle and gave it to Jennings as a surprise, hand-delivered to his hotel room in North Texas.

While the bike was the highest-valued piece of the auction, other items brought in hefty sums as well, including Willie Nelson's braids. The 'To All the Girls I've Loved Before' singer famously cut off his braids at a party hosted by Johnny Cash and his wife, June Carter Cash, to celebrate Jennings' sobriety. The braids brought in $37,000.

All items sold at the auction were offered by Jennings' widow, Jessi Colter. The event was used to bring awareness to the Phoenix Children’s Hospital.