The organisers encouraged the 50,000 festival-goers to buy cut-out Jimi Hendrix masks in order raise money for its nominated charity WellChild.
They were hoping to break the world record for "most people wearing costume masks at once".
"Jimi's impact on the island and to popular music cannot be underestimated. His inspiration lives on today and is present each year in the artists performing this year." said John Giddings, the organiser.
Hendrix made what turned out to be his last ever UK festival performance at the Isle of Wight as months later, he died at a young age of 27.
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