And your bank account will be, too, if you follow my shopping advice and bid on this 1966 Velvet Underground & Nico Acetate LP.
What? The $124,000-plus just kills your holiday budget? Well, consider this: According to the folks over at Saturn Vinyl, the Oakland-based record store behind this eBay auction, this is 12 inches of one-of-a-kind vinyl. You thought Velvet Underground & Nico was the legendary New York band's first album? Think again - this LP is actually the real deal.
An article in this month's Goldmine magazine and posted on the eBay auction page explains how the phenomenon first came into play:
In September of 2002 Warren Hill of Montreal Canada was perusing a box of records at a Chelsea, New York, street sale when he happened upon a nice Leadbelly 10" on Folkways, a water damaged copy of the first Modern Lovers LP on Beserkely, and a brittle 12" piece of acetone-covered aluminum with the words "Velvet Underground. 4-25-66. Att N. Dolph" written on the label. He purchased the three records for 75 cents each.
As the article goes on, this acetate pressing, recorded in a studio with "ghost producer" Norman Dolph and VU pal Andy Warhol, represents the band's first album "as Andy Warhol intended it to be released."
In other words, the current going auction rate of $124,740.50 is a real steal.
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