The Beatles audition tape rejected by a record label executive in arguably the biggest blunder in pop history has resurfaced and will go on sale at a London auction next week, Reuters reports.
Ted Owen of The Fame Bureau, an auction house specializing in pop memorabilia, said the 10-song tape was recorded on New Year's Day, 1962, at label Decca's studios in north London.
Paul McCartney, John Lennon, George Harrison and Pete Best - who would later be replaced on drums by Ringo Starr - performed up to 15 songs at the session, 10 of which appear on the tape to be sold on November 27.
Decca's senior A&R (artists and repertoire) representative Dick Rowe, who later became known as "the man who turned down the Beatles", decided against signing them in favor of Brian Poole & The Tremeloes who also auditioned that day.
"Guitar groups are on their way out," he is widely quoted as saying.
Rowe did, however, sign the Rolling Stones, who went on to become one of the biggest acts in British rock, and experts dispute whether it was him or a more junior colleague who passed the Beatles over.