Original Beatles' Lyrics Fetch $1.2 Million at Auction

The lyrics to the final song on the classic Beatles album "Sgt. Pepper's Lonely Hearts Club Band" have sold for $1.2 million at a New York City auction.

John Lennon's handwritten lyrics to "A Day in the Life" were purchased Friday by a private American collector, bidding by phone at the Sotheby's sale.

The pre-sale estimate was $500,000 to $800,000.

The double-sided sheet of paper features Lennon's edits and corrections. It's written in black felt marker and blue ball point pen, with a few annotations in red ink.

Rolling Stone magazine listed "A Day in the Life" at No. 26 in its compilation of the 500 Greatest Songs of All Time. "Sgt. Pepper" won four Grammy awards in 1968.