Beatles, Nirvana Memorabilia Raises Thousands At Auction

An auction of memorabilia belonging to the likes of The Beatles and Nirvana has raised thousands of dollars in New York.

A souvenir poster of The Beatles 'Sgt Pepper...' album was the most popular item, raising $52,500.

One of the late Kurt Cobain's bass guitars raised $43,750, while handwritten lyrics by Bob Dylan fetched $25,000.

More than 300 pieces of music memorabilia went under the hammer at Christie's, raising a total of $650,000.

But only around 70% of all items sold, as the auction industry continues to feel the effects of the tough economic climate.