FBI Torpedoes John Lennon Auction Item

10/6/2010 3:00 PM PDT

FBI Torpedoes John Lennon Auction Item

John Lennon's application for U.S. residency has been yanked from auction after the FBI put its foot down ... this according to the auction house.

A rep for the Gotta Have It! Rock & Pop Culture Auction tells TMZ ... "The item has been under investigation by the FBI because it is considered government property."

We're told the auction house has now pulled the document. Too bad ... word is the starting bid was for $100,000.

So far ... no comment from the FBI but a government official tells TMZ, "There is currently an investigation regarding the John Lennon documents in the auction and it's being headed by the FBI."