A Beatles record owned by John Lennon and dubbed one of the band’s rarest could fetch £136,000 when it goes under the hammer.

The so-called “butcher” cover of Yesterday And Today sparked outrage upon its release in the US in 1966 as it showed the Fab Four smiling while posing in white coats and covered in pieces of raw meat and decapitated baby dolls.

Taken by Australian photographer Robert Whitaker, it was suggested the cover was The Beatles’ protest against the Vietnam War.

The controversy led to it being withdrawn and replaced by a more public-friendly cover showing the band standing around an old fashioned steamer trunk.

Beatles Auction
A Beatles record described as the world’s rarest could fetch £136,000 when it goes under the hammer (Julien’s Auctions/PA)

Despite the last-minute change, the damage was done to The Beatles’ record label, Capitol, and it was reportedly the only Beatles’ album to lose money for the company.

Lennon’s personal copy of the album is now going under the hammer with an estimated selling price of £136,000.

The record was on the wall of Lennon’s The Dakota apartment in New York until he gave it to Dave Morrell, a Beatles fan and bootleg collector.

It is signed: “To Dave from/ John Lennon/ Dec 7th 71.”

Lennon, who was gunned down outside the apartment building in 1980, scrawled a sketch on the back of the cover, showing a man holding a shovel with his dog in front of a setting sun.

Beatles auction
John Lennon sketched a man and a dog on the back of his Yesterday And Today cover (Julien’s Auctions/PA)

The cover also includes autographs by Ringo Starr and Paul McCartney, which Morrell obtained later. This is believed to be the only original “butcher” album bearing three Beatles signatures.

Gary Hein, a Beatles expert, said: “There is no Beatles album in the world that compares with this one in terms of both rarity and value.

“This important world-class pop culture piece would add significantly to any Beatles collector, art, pop culture or record collector’s collection.”

The rare album is among a collection of Beatles memorabilia going under the hammer at Julien’s Auctions annual event Music Icons: The Beatles In Liverpool.

Beatles auction
A baseball signed by the Beatles is among the memorabilia going on sale at auction (Julien’s Auction/PA)

Also on sale is a Lennon-owned and signed guitar strap from his 1956 Les Paul Junior guitar used at the One to One sessions at Butterfly Studios in New York. That has a guide price of between £15,000-£23,000.

Lennon’s detention record from his teachers at what was then known as Quarry Bank High School has an estimate of £2,200-£3,800.

A baseball signed by The Beatles and given to Mike Murphy, manager of the San Francisco Giants Clubhouse during The Beatles’ final concert in the United States at San Francisco’s Candlestick Park on August 29, 1966, has an estimate of between £60,000 and £75,000.

Beatles auction
A guitar strap belonging to John Lennon and signed by the man himself is going under the hammer (Julien’s Auctions/PA)

Los Angeles-based Darren Julien, president and chief executive officer of Julien’s Auctions, said: “Julien’s Auctions is honoured to have been a part of Beatlemania history with our record-breaking sales of some of the Fab Four’s most important and newly discovered memorabilia to come to auction.

“Each year we look forward to setting the bar even higher by putting together another spectacular auction event that celebrates the brilliance and artistry of rock and roll’s greatest and most iconic band.”

The auction will take place online and live at The Beatles Story Museum in Liverpool on May 9.

For more information, visit www.juliensauctions.com.