What you have purchased for less than the price of a cup of coffee is arguably one of the most important "lost" music recordings out there. Record collector Warren Hill paid 75 cents at a yard sale in Chelsea, New York for an acetate in a plain cardboard sleeve. After some research, Hill's friends confirmed that the acetate disc, recorded by sound engineer Norman Dolph (who also wrote Reunion's "Life Is A Rock But The Radio Rolled Me"), was the third recording ever made by the Velvet Underground and the first album they ever did. A demo rejected by Columbia Records, the acetate is now up for auction on EBay, where the high bid is $124,640.50 and climbing, already breaking records as the most expensive LP ever sold at auction. (Bonus: see a post from a teenage eyewitness to the VU's 1966 session that produced this acetate.)
posted by jonp72 on Dec 5, 2006 - 32 comments