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The Beatles' First Management Contract Sells For $553K

10/01/2015
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(Radio.com) The Beatles first management contract sold Tuesday, September 29 at Sotheby's Rock and Pop auction in London (via Reuters). The buyer paid $553,121 for the paper, which was signed by all four Beatles, as well as their manager Brian Epstein.

John, Paul, George and Ringo signed the contract with Epstein in October 1962. Even though it was technically the group's second contract with Epstein, it was the first one to include Ringo, who had recently replaced Pete Best on drums, and therefore represent the Beatles as the world came to know them. Just days later, they would release their first hit single, "Love Me Do."

In a statement, Sotheby's specialist in books and manuscripts Gabriel Heaton said, 'Without this contract, and the relationship it represents, it seems inconceivable that the Beatles could have achieved all that they did. It took more than inspired musicianship and song-writing to remake popular music." Read more here.

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Copyright Radio.com/CBS Local - Excerpted here with permission.

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