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| December 11, 2006 |
| Velvet Underground rarity sells on eBay |
Forty years after it was made, The Velvet Underground's first recording has become a financial hit — in cyberspace. Bought for 75 cents four years ago at a Manhattan flea market, the rare recording of music that ended up on the influential 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."
But a greater mystery endures: How did the 12-inch, acetate LP end up buried in a box of records at a flea market?
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 current issue of Goldmine Magazine.
Isaacson helped Hill decipher the nature of the lucky find.
"We cued it up and were stunned — the first song was not 'Sunday Morning' as on the 'Velvet Underground & Nico' Verve LP, but rather it was 'European Son' — the song that is last on that LP, and it was a version neither of us had ever heard before!" Isaacson wrote |
posted by viraks @ 4:54:00 AM  |
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