Meanwhile my rare Go Go's 45 didn't even generate a bid...
Forty years after it wasmade, The Velvet Underground's first recording has become a financialhit" in cyberspace. Bought for 75 cents four years ago at a Manhattanflea market, the rare recording of music that ended up on theinfluential New York band's first album, "The Velvet Underground & Nico," sold on eBay for a closing bid of $155,401.The buyer is a mystery, only identified by the eBay screen name: "mechadaddy."
Warren Hill, a collector from Montreal, bought the record in September 2002 at the flea market, according to an article written by his friend, Eric Isaacson of Mississippi Records in Portland, Ore. in the currentissue of Goldmine Magazine.
"We cued it up and were stunned" the first song was not 'SundayMorning' as on the 'Velvet Underground & Nico' Verve LP, but ratherit was 'European Son'" the song that is last on that LP, and it was aversion neither of us had ever heard before!" Isaacson wrote.
UPDATE: The disappointed Montreal owner of the storied Velvet Underground acetate did not fetch $155,000 after all on eBay last week -- the bid proved to be bogus.
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