Race car driver Lewis Hamilton is now the proud owner of a piece of music history. The McClaren Formula One driver shelled out $100,000 for a gold guitar owned by Prince, which was auctioned off for charity.

The legendary performer showed off the instrument during a stop at the 'Lopez Tonight,' thanking Hamilton for the bid. "We got $100,000 for that, brother Lewis Hamilton, the race car driver," he said. "It's gonna be hard to part with. A lot of my stuff gets stolen."

Later this week, Prince will resume his 21-night residency at the Forum in Inglewood, Calif. The 'Purple Rain' singer kicked off his first show last Thursday (April 14), performing a three-hour set that lasted well past midnight.

Proceeds from the sale of his guitar will help fund art, education and environmental projects for Harlem Children's Zone, a non-profit organization located in New York City. Founded in 1970, the Harlem-based organization provides free educational assistance for children and families, and is aimed at doing "whatever it takes" to help young people succeed. Today the HCZ serves over 8,000 children and 6,000 adults offering innovative and efficient programs aimed at shattering the cycle of poverty for the families that it assists.

Watch Prince Speak About His Guitar on 'Lopez Tonight'