The Beatles’ first management contract sells for £365,000 at auction

1962 contract only one to be signed by all four band members plus Brian Epstein

The Beatles‘ first management contract, signed with long-term manager Brian Epstein, has sold at auction.

The item was up for sale on Tuesday (September 29) at Sotherby’s Rock and Pop auction in London for £365,000.

The contract was famously signed in 1962 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.

It is the only managerial contract signed by all four Beatles members – McCartney, John Lennon, George Harrison and Ringo Starr – and their manager Epstein.

The item was last sold at auction in 2008 for £240,000.

Also at the auction, an Eric Clapton Fender Stratocaster sold for £45,000.

See photos of the contract below.

Earlier this month, a recording contract signed by The Beatles in 1961 sold at auction for over £60,000.

New York auction house Heritage Auctions confirmed the sale of the contract on 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 but pre-dates drummer Ringo Starr’s involvement in the group. Drummer Pete Best signed the contract along with Lennon, McCartney and Harrison for the release of ‘My Bonnie Lies Over The Ocean’. The song was recorded in Hamburg.