Image Courtesy of Heritage AuctionsThe very first recording contract signed by The Beatles sold for $93,750 over the weekend at a memorabilia auction held in New York City.

The contract was signed in June 1961 by John Lennon, Paul McCartney, George Harrison and early Beatles drummer Peter Best, and led to the session where the band recorded a rock ‘n’ roll version of “My Bonnie Lies over the Ocean” with singer Tony Sheridan. The recording, in turn, led to The Beatles being discovered by manager Brian Epstein.

The band signed the contract, which is in German, with producer Bert Kaempfert‘s production company at a when the group frequently was playing in clubs in the city of Hamburg.

“Clearly the market responded to this vitally important part of Beatles history,” says Dean Harmeyer of Heritage Auctions. “This contract represents a crucial, yet not widely known chapter in the Beatles story.” Harmeyer also maintains that the contract could be “the most historically important Beatles document to ever appear at auction.”

Other items sold during the auction included a sealed copy of the “butcher cover” version of The Beatles’ 1966 Yesterday and Today album and a handwritten sign from Lennon and Yoko Ono‘s 1969 “Bed-In for Peace” protest event in Toronto autographed by the couple, each of which brought in $75,000. In addition, a framed gold record award for Elvis Presley‘s “Can’t Help Falling in Love” single fetched $27,500, while a vinyl copy of The Beatles’ “Love Me Do” single signed by Lennon, McCartney, Harrison and Ringo Starr sold for $25,000.

Copyright © 2015, ABC Radio. All rights reserved.