Montrealer sells rare Velvet Underground recording on eBay
The first recording by The Velvet Underground has sold for $155,406 US on eBay, earning a sizeable profit for the Montreal man who bought it at a flea market for 75 cents.
Bidding reached a fever pitch when the 12-inch acetate album was put on the online auction site on Nov. 28. The first bids hit $20,000 US and climbed until the final bid — the equivalent of $179,876 Cdn — on Friday night.
The buyer is still a mystery, identified by the eBay name: “mechadaddy.”
The new owner will not be able to re-release the music, which is protected by copyright.








