The Beatles’ first record contract sells at auction for £60,000

1961 deal for 'My Bonnie Lies Over The Ocean' purchased in New York

A recording contract signed by The Beatles in 1961 has sold at auction for over £60,000.

New York auction house Heritage Auctions confirmed the sale of the contract yesterday (September 19) with an unknown bidder paying $93,750 (£60,365) for the item. It was sold by the estate of German Beatles collector Uwe Blaschke.

The contract was the first ever signed by the band and pre-dates drummer Ringo Starr’s involvement in the group. Drummer Pete Best signed the contract along with John Lennon, Paul McCartney and George Harrison for the release of ‘My Bonnie Lies Over The Ocean’. The song was recorded in Hamburg.

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Meanwhile, The Beatles first management contract, signed with long-term manager Brian Epstein, is going up for sale at Sotherby’s Rock and Pop auction, and may make as much as £250,000 later this year.

The contract was famously agreed despite Paul McCartney annoying Epstein by attending a meeting late as he was taking a bath, and agreed by some of The Beatles’ parents because they were too young to sign legally themselves.

A live restaging of The Beatles‘ recording sessions at EMI’s Abbey Road studios will be performed in UK arenas in 2016.

Billed as ‘part blockbuster stage show, part access-all-areas musical documentary’, the production, called ‘The Sessions’, sees 45 cast members and musicians recreate a suite of famous tracks recorded by The Beatles at the famous London studios.

Following a charity preview of the show in Liverpool on March 30 and a sold-out world premiere at London’s Royal Albert Hall on April 1, the show will embark on an 11-date UK arena tour, taking in Brighton, Cardiff, Nottingham, Newcastle, Glasgow, Manchester, Aberdeen, Leeds and Birmingham, before coming to a close with two consecutive nights in London.