The guitar described by Noel Gallagher as "the best in the world," which he played on the third Oasis album "Be Here Now," sold at auction on Saturday for £226,800, or around P16.8 million.

The custom Silver Sparkle Gibson Les Paul Florentine guitar that starred on the 1997 album was one of Gallagher's primary guitars during the height of Oasis's fame.

It was made for him at Gibson's custom shop and appeared in performances on The David Letterman Show and Saturday Night Live.

"It's not one of the best guitars. It's the best guitar," Gallagher said of the instrument in a 1997 interview with Spin magazine.

The guitar was sold in a sale of entertainment memorabilia by online auction group Propstore.