A rare copy of a Beatles LP signed by all four bandmembers has finally been sold - for the sum rejected at auction in Sussex a fewweeks earlier.Chris Collins,from Eastbourne, and his sister, Liz Chambers, from Worthing, initially turneddown a £12,000 bid for a copy of the album, Please Please Me.
They had hopedto get £15,000 for the LP, which was given to their late father during adrinking session.But thesiblings have now accepted £12,000 from private buyers.
The album wassigned by John Lennon, Paul McCartney, George Harrison and Ringo Starr afterthey used it as a drinks coaster during a card game in 1963.
Kept in drawer
Mr Collins hadplayed it repeatedly until an expert revealed that because of its provenance -and the fact that it had the rarer black-and-gold label - it was worth asubstantial amount.
The album wentinto Mr Collins's sock drawer until they finally put it up for sale, atCampbell's auction house in Worthing, just before Christmas.
It waswithdrawn from sale after failing to reach its £15,000 reserve price, butauctioneer Paul Campbell said: "The record has now sold for a hammer priceof £12,000, to a private buyer."
He said thevendors had decided to cut their losses and accept £12,000 following renewedinterest from a Dutch Beatles enthusiast living in Worthing and his father.
The auctionhouse even slashed its commission to enable the sale to go through.
"The salecame just too soon for these buyers, but they came back immediately after thesale and said they would have it," Mr Campbell added.
Please PleaseMe was The Beatles' first album, released in March 1963.
The earliestcopies had black and gold labels and are more valuable than the subsequentversions, featuring black and yellow ones.
Source: BBC
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