Beatles First Contract Set to Sell for £100000; Auction Starts In September
Rock and Roll Legends, The Beatles’s first contract is expected to fetch over a hundred thousand pounds when it will be auctioned in New York next month.
The legendary kings of Rock were signed on by the German producer, Bert Kaempfer, in Hamburg, Germany, and this was to be the Beatles’ first contract. Even though it is hard to imagine now, the rock group was signed on as a backing group for a rock and roll version of “My Bonnie Lies over The Ocean.”
The session for which they were signed on went on to produce the single, “My Bonnie,” which was credited to Tony Sheridan and the Beat Brothers. It was only a minor release and failed to make any kind of impact outside of Germany.
The Beatles were paid only fifty pounds for the gig but that record led to their discovery by manager Brian Epstein. With his help, the Beatles ultimately got a contract with EMI. They soon went on to produce their first hit, “Love Me Do.”
The contract will be sold by Heritage Auctions in New York next month. The agency will auction the six-page contract on September 19. The contract is supposed to be the centrepiece of a Beatles collection spanning the band’s entire career. It is being sold by the estate of
Uwe Blaschke, a noted German historian who is also an expert on the Beatles. Blaschke died in 2010 and the collection is now up for grabs.
Dean Harmeyer, the consignment director at Heritage Auctions, called the contract ‘perhaps the most historically important Beatles document to ever appear at an auction’.
Daily Mail reported the news first.