Beatles’ First Recording Contract Sells for US$93,750

The Beatles’ first recording contract, part of a just-concluded New York auction of items from the Uwe Blaschke Collection, has sold for an impressive US$93,750. It went to an unknown internet bidder, but fell short of the predicted US$150,000 target.

The 1961 contract, signed by all four members of the group at that time (John Lennon, Paul McCartney, George Harrison and Pete Best), was for a recording session with the Polydor company in Germany and produced the single ‘My Bonnie’. It was credited on the label to “Tony Sheridan & The Beat Brothers” because there was a stipulation in the contract allowing Polydor to use a different group name. They felt the name “Beatles” wouldn’t be readily accepted in the German market. Never-the-less, the group was making it’s very first professional recording for commercial release by an actual record label.

While ‘My Bonnie’ achieved only modest success in Germany, back home in Liverpool Beatle fans who knew about the recording began asking for it in record shops, including the store owned and managed by Brian Epstein. When he learned that the requests were for a local group, he paid a visit to the Cavern club to see what the fuss was about, and the rest is history….

Also in this auction was the 45 single ‘P.S. I Love You’ (the B-side to ‘Love Me Do’) – signed by all four Beatles and which we wrote about last month. This was the next most expensive item to go under the hammer yesterday. It fetched a substantial US$25,000 from a bidder in the room at the New York auction. This was well above the expected US$10,000: PS I Love You Signed

The third most expensive item on the day was a framed, signed Beatle fan card photo from 1962. On the back is printed “With Best Wishes from Paul, Pete, John, and George. The Beatles. April 5th 1962”. Around that text are a number of signatures: “für Christa von George Harrison”, “für Christa von Paul McCartney”, “Roy Young” (a British Rock singer and pianist), “für Christa von John Lennon”, “Best Wishes from Pete Best”, and “Best Wishes from Bernard Boyle” (the founder of the Beatles Fan Club). These fan cards were given out at a Cavern Club concert on April 5 honoring the Official Fan Club. This sold for US$12,500: Beatle Fancard Photo 2

 

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