The Beatles’ first management contract sells for $347,000 at auction

The first contract The Beatles signed with legendary music manager Brian Epstein has sold for $347,000 (£275,000) at auction.
The 1962 document features the signatures of Epstein and the members of the iconic band from Liverpool, England – John Lennon, Paul McCartney, George Harrison, and original drummer Pete Best, who was later replaced by Ringo Starr.
The item went under the hammer at Sotheby’s London to benefit the Ernest Hecht Charitable Foundation. The identity of the winning bidder has not yet been revealed.
In a statement, Sotheby’s specialist Gabriel Heaton noted Epstein’s instrumental role in the group’s rise to fame.
“Epstein was just blown away by the passion, the energy, the charisma, the raw sexuality on stage,” he said. “The Beatles had the stage energy but he instilled a sense of professionalism in them.
“Epstein stopped them eating on stage,” he added, “made sure they played the songs properly and coherently, and he got them bowing at the end of a set.”
The manager first spotted the band during a show at Liverpool’s Cavern Club in November, 1961.