Bob Dylan lyrics break record in $2M sale


How does it feel?

Pretty good for the seller of Bob Dylan's lyrics to "Like a Rolling Stone."

Dylan's original handwritten lyrics to the 1965 hit were just sold at a Sotheby's auction for $2.05 million, topping the estimate of between $1 million and $2 million and breaking a record for a popular music manuscript.

This undated photo provided by Sotheby’s shows a working draft of Bob Dylan’s “Like a Rolling Stone,” one of the most popular songs of all time.

They were part of Sotheby's "A Rock & Roll History: Presley to Punk" sale held on Tuesday.

Read MoreThe 'holy grail' of lyrics could fetch $2 million

One of Elvis Presley's famous peacock jumpsuits went for $245,000, higher than its estimate of between $100,000 and $200,000.

An upright piano that was one of John Lennon's favorites and was once housed at The Record Plant recording studio in New York failed to sell. It was estimated to fetch between $100,000 and $200,000.

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Jimi Hendrix's famous $1 contract, which gave performing rights to PPX Enterprises, also failed to sell. It was also expected to fetch between $100,000 and $200,000.

By CNBC's Robert Frank