Turner was doing a sound check two weeks ago at an inner city club when he left the instruments unattended for a few minutes and returned to find the vintage guitars missing, "Celebrity Justice" said.
"I was in a panic," Turner said.
Both guitars were old, with one belonging to Hendrix when the legendary guitarist played in Turner's band in the 1950s.
Turner said he recently considered auctioning the guitars, because he thought he could get a million dollars for them.
Turner has now filed a lawsuit against Charles Dudley, a friend and concert promoter, alleging Dudley failed to provide security and is liable for the stolen guitars.
"Had (Dudley) not told me he would be responsible for everything, there's no way I would have left it there," Turner said.
"I did tell him I would be responsible to watch the guitars, but it's virtually impossible to watch something when you've all kinds of people there," Dudley said.