Wednesday, August 13, 2008

London firm to auction copy of Beatles' management contract next month

LONDON - Brian Epstein's copy of his management contract with The Beatles, a pact that proved to be worth millions, is being offered for sale in London next month.

The four-page document, signed Oct. 1, 1962, by John Lennon, George Harrison, Paul McCartney and Richard Starkey - Ringo Starr's real name - carries an estimated price of $480,000. The Fame Bureau auction house said Tuesday it had scheduled the sale for Sept. 4 at the Idea Generation Gallery.

The contract, also signed by Harold Hargreaves Harrison and James McCartney on behalf of their underage sons, gave Epstein a 25 per cent cut of the group's earnings, provided that they made more than $400 each per week.

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