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Beatles first record contract up for auction

Tuesday, August 18, 2015 - 01:20

The rare document is part of a 300 lot collection of Beatles memorabilia. Alicia Powell reports.

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The first recording contract ever signed by The Beatles is up for sale. Signed during their early days in Hamburg, Germany the document is expected to fetch about $150,000 (USD) when Heritage Auctions puts it on the block in New York. The contract, written in German and signed in 1961 by Paul McCartney, John Lennon, George Harrison and then-drummer Peter Best, is part of a 300 lot collection of Beatles memorabilia assembled by the late German record producer Uwe Blaschke. The 1961 contract was for a record that didn't even bear the name of The Beatles. It was for an uptempo version of the traditional German children's song "My Bonnie" and was credited to Tony Sheridan & The Beat Brothers because the record company felt the name "Beatles" was unsuitable for the German market. Other items for sale include an autographed copy of the group's first hit single "Love Me Do," which is expected to fetch $10,000, a 1965 autographed Austrian menu and a 12-string acoustic guitar from 1970. The Heritage Auctions event will be held on September 19 after a traveling exhibitions to Beverly Hills and Dallas.

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Beatles first record contract up for auction

Tuesday, August 18, 2015 - 01:20