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Post by Leigh O'Gorman on Nov 30, 2006 0:21:31 GMT
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Post by smasher on Dec 1, 2006 15:49:18 GMT
Maybe if I had Pete or Bono's money
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Post by Philip Chevron on Dec 2, 2006 11:40:29 GMT
It's gone from $6000 to $36000 in 2 days. My feeling is this could set a new record. It's as likely to be bought as an Andy Warhol artwork as a scratchy old acetate of a great band. Whoever buys it, I don't think it will be joining my record collection, or Pete's either, although it's certainly true that Pete can afford it.  |
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Post by Pete Holidai on Dec 3, 2006 20:31:45 GMT
Wow 5 days to go and already its over $100,000 (yes) I pulled out at $95k  over to you Phil! |
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Post by smasher on Dec 5, 2006 11:43:10 GMT
Pete didn’t you once say if I ever needed a loan to give you a shout?
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Post by Pete Holidai on Dec 5, 2006 16:44:20 GMT
Pete didn’t you once say if I ever needed a loan to give you a shout? Mmmm maybe we should create a rads.tv credit card  |
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Post by Leigh O'Gorman on Dec 6, 2006 3:42:08 GMT
3 days left...
$126, 404 - i think this will be the new record
- leigh
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Post by guest on Dec 9, 2006 8:05:22 GMT
winning bid
$155,401
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Post by Leigh O'Gorman on Dec 9, 2006 19:20:48 GMT
wow...
can't say anything else
- leigh
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Post by Leigh O'Gorman on Dec 12, 2006 0:38:23 GMT
check this out - f**king mental...
----------------------------------------
Rare acetate still seeks buyer
Reports that Velvet Underground pressing fetched $155,000 false, JAMES ADAMS reports
JAMES ADAMS
The fabled acetate of the Velvet Underground's famous first recording is still worth only 75 cents (U.S.).
This is because the highest bidder in a 10-day online auction for the fragile acetate that ended last Friday evening "has proved to be bogus," a disappointed Warren Hill said yesterday. He's the 30-year-old Montrealer who, in September 2002, innocently paid 75 cents for the 12-inch, nine-song acetate after finding it at a street sale in New York's Chelsea district. Later he determined the acetate was, in fact, a test-pressing of sorts, from 1966, of the Velvet Underground's first-ever recording session in a grungy New York studio.
Hill and a friend, Portland, Ore. record-store proprietor Eric Isaacson, arranged this fall to have Saturn Records of Oakland, Calif. oversee the sale of the acetate on eBay, starting Nov. 28. By around 11:30 p.m. ET Friday, the auction's closing, the winning bid seemed to be $155,401 (U.S.) from a buyer called "mechadaddy" apparently living in the Los Angeles area. Yesterday, the major news services, including Reuters and Associated Press, were in fact reporting that the disc sold for that sum. When the Globe reached Hill, though, the story was different.
On the weekend Saturn received an e-mail from the supposed winner who said a friend, unbeknownst to him, had, as a lark, bid on the acetate using his (the supposed winner's) computer at work and account number. "Ohmigod, I'm so sorry," the e-mail read in part. "I can barely afford gas for my car" let alone more than $150,000 for a 40-year-old disc of acetone-covered aluminum.
The Hill acetate has attracted considerable attention in the last two years, largely because of its rarity.
There may be only one other one in existence. As well, the sequencing, arrangements and mixes of the material are different from what was eventually released, in 1967, as The Velvet Underground and Nico album. That recording, with a cover by Velvets' mentor Andy Warhol, was recently voted the 13th greatest rock record ever by the editors of Rolling Stone.
Speaking from Backdoor Records and Pastries, the business he owns in Montreal, Hill admitted he's "totally" disappointed by the turn of events. At the same time, "I kind of had my doubts early on . . . especially when the numbers started to jump more than we thought they would."
Hill, Isaacson and Saturn Records figured "realistically" the acetate might sell for between $10,000 and $30,000. Bidding, in fact, stayed within the low to mid-five figures for the first five or six days of the auction, but then leaped into the $100,000 realm on Dec. 3. By Wednesday last week, it had reached $130,000.
Asked what's next for the acetate, Hill said "there's a couple of different things that might happen," but he refused to specify what they are. One possibility might be to find -- or at least try to find -- a legitimate under-bidder among the 200-plus individuals who posted offers online. Another might be to sell the acetate at a live auction, possibly at one of the more reputable record conventions in the U.S.
Truth be told, Hill's not the most passionate of Velvet Underground fans. A recent graduate, in history, from Concordia University, he's president of the self-founded Irma Thomas and Minit Records Fan Club (Thomas is a New Orleans soul singer, Minit a now-defunct indie record label) and the publisher of a music fanzine called $2 (Comes with Mixtape).
"Right now I'm getting caught up in Christmas," he said. He'll be shutting up Backdoor Records and Pastries shortly to head out to Vancouver to visit his parents. Then early in the new year, he's off to Taiwan for a visit he describes as "part holiday, part scholarly."
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over to you Phil!