That'll Be The Day by The Quarrymen/Percy Phillips Kensington Label 1958, 78rpm shellac acetate, handwritten label, 1 copy only, owned by Paul McCartney, Value £200,000

THE picture aboveis not exactly eye catching but it is the most valuable record of all time.

The other side has a song called In Spite Of All The Danger a Lennon and McCartney doo-wop song.

The Quarrymen collectively were at that time, John Lennon, Paul McCartney, George Harrison, John 'Duff' Lowe and Colin Hanton.

The original acetate of this recording was believed to be lost, but was eventually discovered in the home of John Lowe at the back of his sock drawer in 1981. He contacted Paul McCartney to say he was thinking of putting it up for auction.

McCartney offered to buy it from him so Lowe sold it for an undisclosed sum but rumoured to be about £12,000. Since then the value of the recording has literally soared.

The original recording took place in the rear of a shop in Kensington Street, Liverpool. The premises were owned by Percy Phillips, who sold a range of electrical appliances, including batteries and bicycles.

Mr Phillips had a soundproof recording room where several of the Liverpool skiffle and beat bands would go to make a demo recording of their songs.

It cost 17/6d in old money (88p) to make a recording. The story goes that at one point when The Quarrymen were rehearsing their songs, Mr Phillips put his head around the door and said, "Get a move on boys, 17/6d doesn't mean that you can stay here all day!"

The recording included a copy of the acetate. However, the boys found they only had fifteen shillings between them so Mr Phillips refused to hand it over until they came up with the rest of the money.

John Lennon had to borrow George Harrison's bike and ride to his Aunt Mimi's house to borrow the money from her.

Later in 1981, Paul McCartney made a further 50 acetate copies of the original song, 25 on 45rpm and 25 on 78rpm and gave these away to family and friends; these are now valued at £10,000 each.

The original recording was released on November 1995 on The Beatles Anthology Volume One.

If you do have any Beatles memorabilia at home, Beatles autographs are worth £200 each, John Lennon and George Harrison are worth £400 each.

All four signatures on a letter, document or album are worth well over £1,000.