Beatles album sells for record $290k

2013-04-02 11:55
Los Angeles - A rare, signed copy of The Beatles' album Sgt. Pepper's Lonely Hearts Club Band has been sold for a record $290 500 at auction, The Hollywood Reporter said.

The entertainment magazine reported on its website that the album, signed by all four members of the famous band, was purchased on Saturday through Dallas-based Heritage Auctions by an unnamed buyer from the Midwest.

Earlier estimates suggested the album would sell for about $30 000, the publication said.

The Beatles are believed to have signed the cover around June 1967 when the album was released.

According to The Hollywood Reporter, the previous record for a signed Beatles album cover was $150 000, which was paid for a copy of Meet the Beatles.