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The Beatles’ First Contract With Manager Brian Epstein Sold For £275,000

The Beatles’ First Contract

The Beatles‘ first ever contract with manager Brian Epstein has sold for £275,000 at auction.
Paul McCartney, John Lennon, George Harrison, and their original drummer Pete Best, signed the document on January 24, 1962, before finding fame.

The Beatles’ First Contract


Months later, at the behest of Epstein, Ringo Starr replaced Best following the band’s first recording session at Abbey Road Studios in London.
It was the first of two contracts drawn up between Epstein and The Beatles.
The contract gave Epstein responsibility for getting work for the band, and managing their daily schedule and publicity.
The contract reveals that Epstein’s fee would be 10%, rising to 15% if their earnings should exceed £120 a week. Which it clearly did. However, Paul McCartney had negotiated Epstein’s fee down from 20%.

The Beatles’ First Contract


When Best left the band, another contract was signed on October 1, 1962 with Ringo Starr as the new drummer and Epstein taking an even bigger percentage.
The auction was staged to help raise money for the Ernest Hecht Charitable Foundation.

The Beatles’ First Contract

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Written by Slamchica

Aleksandra Arsenovic graduated with a degree in economics and has a master degree in tourism. Since she worked as a travel agent, she has traveled around the world and developed an interest in luxurious hotels and exotic destinations. As a big fashion fan, Aleksandra loves expensive and luxury fashion items. As an editor of Extravaganzi she shares her knowledge about travels, fashion and accessories.

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