Frank Caiazzo, a leading Beatles expert at auctioneer Christie's, put out a word of caution that majority of Fab Four memorabilia was nothing but a hoax. "This is a growing heartbreak that's turning up more every day. There's a never-ending supply of non-authentic signed material," Contactmusic quoted him as saying. "Ninety per cent of the Beatles material out there is fake," he added.
Meanwhile, Brian San Souci, a top collector, added: "If a dealer refuses to tell you who owned a piece, and when it was signed and under what circumstances, it's highly suspicious."