Monday, December 11, 2006

Velvet Underground Rarity Sells on eBay

"NEW YORK - 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?"

Read the rest of the story at

Update: The winning bid was bogus. Read about it at

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