Prince is one of the most important musicians of his or any time. This cane was actually used by him during the Love Sexy tour in 1989. The glitter is made up of hearts and stars and it is an incredibly iconic piece of memorabilia directly linked Prince himself.
It was purchased at a specialist entertainment auction at Bonhams in London in 2003, giving it exceptional provenance. It is also the only such cane we can find any record of.
I have also attached a photograph of Prince holding a glitter cane identical to this one I found on-line.
This is easily one of the rarest pieces of Prince memorabilia available.