$290,500 Album: Signed Beatles Album ‘Sgt. Peppers’ Sold To Anonymous Midwest Buyer
A signed copy of the Beatles' eighth album "Sgt. Pepper's Lonely Hearts Club Band" sold for nearly $300 thousand at an auction house in Dallas, Texas, over the weekend. The $290,500 album was sold to an anonymous buyer identified only as being from the Midwest, following a bidding match with another buyer that took place over the phone and Internet, UPI reports.
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According to the Heritage Auction, all four members signed the album cover in 1967, the same year the record was released. A letter of authenticity that ensures the signature's legitimacy accompanied the $290,500 album. According to ABC News, the album was originally listed at $30,000 before the sale.
The $290,500 album was one of many entertainment and music memorabilia items sold at the weekend auction in Dallas. The Dallas Morning News reports that the sale broke the previous record for an autographed Beatles album; an original copy of the 1964 "Meet the Beatles" album cover sold for $150,000 in Dec. 2011.
Beatles expert Perry Cox called the autographed album "extraordinarily exceptional", and said he considers the $290,500 album to be "one of the top two items of Beatles memorabilia I've ever seen."
Other big-buck Beatles items were also on sale during the auction, including an "Abbey Road" display cover sporting John Lennon's signature which went for just over $7,800. A George Harrison signed copy of the same album sold for about $5,600.
Beatles memorabilia has always raked in the big dough. In 2010, lyrics signed by John Lennon sold for $1.2 million in New York. A drum featured on the cover of the "Sgt. Peppers" album went for $1 million at an auction in London in 2008. One buyer forked over $2.1 million for the walnut-finished Steinway piano on which John Lennon wrote Imagine.
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