A rare studio demo recorded by the Beatles back in 1962 is heading to auction and expected to bring in some serious cash. The demo was recorded on New Year’s Day by the band under the name “The Silver Beatles” and was used in an attempt to get a deal with Decca Records. The ten track album failed to secure a contract but the master was kept by the studio until now. Over the years, several bootlegs of the set have been leaked but this is the first time that the master has been made available and according to the auction house, is of much higher quality than any of the previously circulated copies.
The auction is being run by the Fame Bureau with bidding set to start somewhere around $30,000. Regardless who buys the master recording it is unlikely that it will be reproduced as the Beatles still hold the copyright to the material on the tape.