Apple Corps

A painting created by the four members of the Beatles while on tour in Japan in 1966 has sold at auction for $1.7 million.

The painting, known as "Images of a Woman," was part of Christie's The Exceptional Sale and made nearly triple the high presale estimate of $600,000.

Even nowadays, the legendary rock band The Beatles continues to earn GBP 67,000 a day from a company that was closed more than 50 years ago, reports bgnes. 

In 1968, members of the Liverpool Four (John Lennon, Sir Paul McCartney, George Harrison, and Ringo Star) jointly set up the Apple Corps to manage their finances and generate nearly GBP 24.4 million a year.

Alexis Mardas, the businessman and producer known from his work with legendary British pop band The Beatles, died in his apartment in the central Athens district of Kolonaki on Friday night.

He was 74.

"Magic Alex" as he was reportedly nicknamed by John Lennon, had suffered from health problems in recent years.

He is survived by a 23-year-old daughter.