An original set of waxwork heads of The Beatles, which was used on the band's album Sgt Pepper's Lonely Hearts Club Band, has been found and will be put up for sale this month, an auction house said on Thursday.

The heads were unearthed in a store room at Madame Tussaud's waxwork museum in London earlier in the year after being presumed missing for nearly four decades.

Auction house Cooper Owen said they should fetch up to 80 000
(about R921 000) in the sale at Madame Tussaud's on October 27.

Only the original heads of band members John Lennon, George Harrison and Ringo Starr have been discovered. But the waxwork house will use another vintage head of Paul McCartney to complete the set.

Cooper Owen said enthusiasm for the Beatles is still huge, noting that Lennon's handwritten manuscript for the song All You Need Is Love fetched almost 700 000 *R8-million) at another auction of Beatles memorabilia in July.

"There will be an absolutely massive demand for this," a spokesperson for the auctioneer said, referring to the iconic heads.