The Beatles “Sgt. Pepper’s Lonely Hearts Club Band” album that memorabilia experts were calling one of the best ever put on sale exceeded even their estimates at its sale Saturday, Heritage Auctions announced today.
The final sale price was $290,500, well over the $50,000 to $200,000 estimate by the auction house. Heritage Auctions said there were 18 bidders for the album. Interest in the item was heavy. The online listing for the auction had 10,207 page views, Heritage said.
“I will say congrats to a well run and presented auction. It’s entirely fitting that the best signed Beatles album has now brought the best price ever!,” Beatles memorabilia expert Perry D. Cox, who had been one of two experts who had evaluated the signatures on the signed album as some of the best ever available on the auction market, told Beatles Examiner today.
When the bids were still at $110,000, Cox told Beatles Examiner “If it does hit the $200k or more I felt it may hit, then it will mean there were many out there who saw this the way I saw it, and that is perhaps a once in a lifetime opportunity to own a signed item of this stature and quality that may not come available again. I’ve been at this for over 30 years and I’ve never seen another to top it,” he said.
The album, a UK monaural album with a gatefold cover, was accompanied by by an Official Souvenir Programme of the fourth annual Beatles Convention of Cavern Mecca from 1984. It was one of the 66 Beatles lots in the auction.
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