John Lennon Lyrics Up For Auction
Sotheby’s are selling John Lennon’s original hand-written lyrics for “A Day In The Life” in New York on 18 June, 2010. It looks like they are being included in a Books and Manuscripts auction and the estimate is $500,000-700,000. I would expect them to make within that estimate and no more, “A Day In The Life” is a great song, typical Lennon, but nowhere near as iconic as “Give Peace A Chance”, the lyrics sold at Christie’s in 2008 for $834,000.
However, the sale of these lyrics is a perfect illustration of what a great investment Memorabilia can be. These lyrics originally sold at auction in 1992 as part of the Mal Evans collection for $66,000 so if they make $700,000, that works out at a return of 14% over 18 years. Not bad!
UPDATE The lyrics for “A Day In The Life” made a record-breaking price of $1.2 Million at Sotheby’s in June. An incredible price which yet again underlines the strength of the market, great news.
