April 1, 2013 10:38

Signed copy of The Beatles' 'Sgt Pepper's' album auctions for $290,500

The album was signed by the Fab Four in 1967

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A signed copy of The Beatles' 'Sgt Pepper's Lonely Hearts Club Band' has sold at auction for $290,500 (£191,000).

The record was purchased by an anonymous buyer at an auction in Dallas, US on Saturday (March 30). The sale was originally estimated to be around $35,000, with the final price shattering the previous record for a similar item, according to The Hollywood Reporter.

The UK Parlophone copy of the record, with high gloss cover and gatefold, is believed to have been signed by all members of the Fab Four around the album's original release date in 1967.

According to Rolling Stone, the item was originally priced at $15,000 but early pre-auction pushed the price up to $110,000 a week before the auction date. Gary Shrum, consignment director of Heritage Auctions, which ran the sale, said that the bidding had "taken on a life of its own".

Last November, a collage by artist Sir Peter Blake used for the insert in The Beatles' 'Sgt Pepper's Lonely Hearts Club Band' fetched more than £50,000 at auction. The collage featured on the 1967 album and shows Sergeant Pepper along with the four Beatles. Copies of it were inserted in the record for fans to cut out and keep.

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