Record label rejected The Beatles' off these 1962 songs—now tape of the audition could sell for ...

On New Year's Day in 1962, a then-unknown band called The Beatles performed 15 songs for British label Decca Records. The band believed the audition would land them a recording contract.

It did not.

There is some debate as to whether Decca Records rejected The Beatles or The Beatles rejected an offer from Decca to press their records only if the band paid for it themselves. Whatever the case, The Beatles' then manager Brian Epstein held on to a recording of the audition.

The Beatles, of course, went on to get signed (their first big hit in America was with EMI Records in 1963) and became one of the most beloved and famous bands in history.

Now, Sotheby's London will auction the tape of the Decca audition online, estimating it will sell for 50,000 to 70,000 pounds, or about $65,000 to $90,000.

Source: Taylor Locke/cnbc.com

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