Last Updated on 12/17/2006 by bidz

You just never know what you’re going to find at that thrift store or flea market. It appears that some of that old vinyl is very hot…

Rare Velvet Underground Record Sells For Over 155K


“Talk about a bargain-hunter’s dream. A record found at a flea market for 75 cents just sold for more than $155,000.

The New York Post says that amount was the winning e-Bay bid for a rare record by the Velvet Underground, an influential 1960s New York art-rock band that was managed by the pop artist Andy Warhol.

It was a copy of a hard-to-find version of the band’s first album, made before the 1967 album that was released as their debut.”

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There’s more – it was a Canadian seller who happened across the album:

Montreal owner of rare Velvet Underground record isn’t sorry to sell

Nelson Wyatt, Canadian Press
Saturday, December 09, 2006

“MONTREAL (CP) – Warren Hill won’t be sad to part with his rare copy of the Velvet Underground’s debut album – and it’s not just because he could make hundreds of thousands of dollars selling it.

“I don’t want it,” he chuckled in an interview at his tiny, six-month old record store located off a back alley. “Not enough to need it.” Hill’s not a big Velvet Underground fan.”

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Ebay auction of prize disc is botched

Joel Selvin
Saturday, December 16, 2006

The acetate version of the unreleased first album by the Velvet Underground that drew a record-setting $155,000 bid on eBay this week has gone back on the Internet auction block. The original top bidder now says he didn’t mean it and had made the bid through a computer error.

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