Montrealer sells rare Velvet Underground recording on eBay |

......... .........<

Montrealer sells rare Velvet Underground recording on eBay

11. December 2006, 3:43 Uhradmin

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.

Trackback-URL

Free Limewire

Free Limewire / P2P

A peer-to-peer (or P2P) computer network relies primarily on the computing power and bandwidth of the participants in the network rather than concentrating it in a relatively low number of servers. P2P networks are typically used for connecting nodes via largely ad hoc connections. Such networks are useful for many purposes. Sharing content files (see file sharing) containing audio, video, data or anything in digital format is very common, and realtime data, such as telephony traffic, is also passed using P2P technology.A pure peer-to-peer network does not have the notion of clients or servers, but only equal peer nodes that simultaneously function as both "clients" and "servers" to the other nodes on the network. This model of network arrangement differs from the client-server model where communication is usually to and from a central server. A typical example for a non peer-to-peer file transfer is an FTP server where the client and server programs are quite distinct, and the clients initiate the download.