London, April 1 (IANS) A signed copy of The Beatles' album "Sgt. Pepper's Lonely Hearts Club Band" has been bought at auction in the US for $290,500, BBC reported.
The selling price far exceeded the $30,000 originally estimated for the rare record.
It was bought by an unnamed buyer.
The copy of the album includes a high gloss cover and vinyl gatefold sleeve.
The album is believed to have been autographed by all four Beatles near its release in June 1967.
The Dallas-based Heritage Auctions, which ran the sale, described it as "one of the most spectacular jewels in our auction".
The previous record for a signed Beatles album cover was $150,000, which was paid for a copy of the 1964 record "Meet the Beatles" in 2011.