The five guitars that were stolen from rockers Tom Petty and the Heartbreakers Thursday night while the band was rehearsing for their upcoming tour have been found; and a security guard from the Culver City, Calfi. studios where the theft occurred has been taken into police custody.
"I am extremely grateful to the Culver City Police Department for a job well done and touched by the outpouring of good wishes and concern from our fans and friends," Petty said in a statement.
The Washington Post reports that Daryl Emmette Washington, 51, tried to pawn one of the guitars - together worth over $100,000 - at a Hollywood pawn shop.
The band had originally offered a $7500 reward for the return of the guitars with no questions asked.
After posting images of the vintage guitars on Twitter and Facebook; which included a 1967 12-string Rickenbacker, a 1965 Gibson and a 1967 Epiphone Sheridan; Petty Tweeted, "Need help finding these guitars."
The band's 2012 tour of Europe and North America kicks off Wednesday night in Broomfield, Colo.