Signature guitars in Clapton's honour are made by Fender and C.F. Martin & Company. In 1988 Fender introduction his signature Eric Clapton Stratocaster. Several signature-model 000-sized acoustic guitars made by Martin. The first, of these, introduced in 1995, was a limited edition 000-42EC Eric Clapton signature model with a production run of 461. For the single "Change the World" (1996) and the album Pilgrim (1998) he used a Martin 000-28 EC Eric Clapton signature model, which he subsequently gave to guitarist Paul Wassif. His 1939 000-42 Martin that he played on the Unplugged album sold for US$791,500 at auction.
In 1999, Clapton auctioned off some of his guitar collection to raise more than US$5 million for continuing support of the Crossroads Centre in Antigua, which he founded in 1997. In 2004 Clapton organised and participated in the Crossroads Guitar Festival to benefit the centre. A second guitar auction, including the "Cream" of Clapton's collection – as well as guitars donated by famous friends – was held on 24 June 2004. His Lowden acoustic guitar sold for US$ 41,825. The revenue garnered by this auction at Christie's was US$ 7,438,624.