It’s lot 235 in an auction called Remembering Waylon (Waylon Jennings) being conducted by Guernsey’s in Phoenix this weekend. The bike itself is apparently a bit of a rarity as only 200 were built. Its having been owned by both Buddy Holly and Waylon Jennings adds to its value. You can read the whole story of the bike HERE, which I highly recommend, especially if you’re interested in the history of early rock ‘n’ roll.
You can also find details of how to register there if you’re interested in bidding, and of course there are photos. They’re estimating it will go for anywhere between $100,000 and $1,000,000. The starting bid is set at $50,000.