Beatles for sale; Bankrupt DJ Mike Read to flog Fab Four collection.
FORMER Radio One DJ Mike Read is selling off his prized collection of 120,000 vinyls, featuring rare Beatles records, after being declared bankrupt.
The 62-year-old, who also presented Top Of The Pops, needed to sell after he went into the red earlier this year owing uns paid taxes.
The records which feature pop legend Billy Fury and Liverpool band Echo and the Bunnymen have an auction guide price of pounds 600,000, but experts estimate it is worth at least pounds 1m.
The collection includes a Sir Paul McCartney audio reel, official Beatles albums and a demo disc of John Lennon's Whatever Gets You Through The Night.
A boxed promotional set of nine records by Sir Paul McCartney and a signed photograph of the star will also go under the hammer on Monday.
Valuation agent Hugh Thomson said: 'This is the defining vinyl collection.
"The collection is packed with valuable records. There will not be a Liverpool band that is not represented because artists used to send him their demos.
"It is a crying shame he has to sell his collection, but it needs to be sold. True music fans won't get another chance to acquire pieces like these.
"Any big name in music over the past 60 years has been included.
"However, what will make it stand out are the rarities, the promo discs, acetates and signed items."
He added: "It was the original intention to sell the collection as a whole but there are not many people with one million pound in their pocket so it has been split into separate lots.
"But if someone is interested in one particular itemwe can take this out as a separate lot."
The sale starts at 11am at the Chiswick Auction House in London.
Vinyl historian Robert Davies said: "It encapsulates the works of all of those who have had an effect on the music industry.
"The real beauty of this portfolio is that it is made up of rare gems and classical pieces, for example the Sergeant Pepper''s album."
RARE GEMS: Some of The Beatles records up for auction FAB FOUR: Collection features The Beatles, pictured in 1968 WOES: DJ Mike Read forced to sell vinyl collection
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|Publication:||Liverpool Echo (Liverpool, England)|
|Date:||Nov 28, 2009|
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