Per TMZ Sports, Irsay spent $718,750 at an auction for the piano John Lennon used when the Beatles recorded their legendary Sgt. Pepper's Lonely Hearts Club Band album.
Irsay tweeted about his purchase:
TMZ noted the piano itself dates back to 1872 and was among several Lennon stored at his house in Weybridge, England.
Irsay is a well-known collector of music memorabilia. He previously purchased a drum set used by Ringo Starr for $2.2 million and Les Paul's famous Black Beauty guitar for $343,750.