It is due for release in the UK next May
A Cambridge, MA auction will see the legendary Beatle's suit go up for sale
Beatles singer was shot dead in December 1980
The late Beatle purchased the vehicle in 1971
It was expected to reach only £7,000 at auction
Item dates back to Christmas 1951, when the late Beatle was 11 years old
The Beatles legend's personal collection set to show at The World Stamp Show
It's not the first time memorabilia collectors have bought locks of Lennon's hair.
Current highest bid is $12,000 (£8,000)