The Velvet Underground's Scepter Session Acetate up for Auction

It's probably the ultimate dream of every vinyl-collecting, rummage-sale scrabbler out there. 

You're looking through a box of records on some sidewalk in a big city.  You find  some good stuff, a Leadbelly 10", a Modern Lovers record, and then there's this one. It's old, the label is yellowed, and it reads "Velvet Underground. 4-25-66.  Att N. Dolph".  It's mysterious.  You pay $2.25 for all three.

Once you get it home, you get another record collector friend on the blower to tell him about your find. After much research and digging around, you come to realize that what you have purchased for less than the price of a cup of coffee is arguably one of the most important "lost" music recordings out there:  the "first 'finished' version of the LP that Andy Warhol had shopped to Columbia as a ready-to-release debut album by his protege collective 'The Velvet Underground'."  And the only known surviving copy, at that. 

This 1966 acetate LP (which Columbia passed on) is now up for sale on Ebay.   

Anyone care to guess what the final bid will be?

Comments

[Gabriel Majors]

Is it possible to find out who it was exactly that played the velvet ubderground hoax on ebay? I just got some play auctioning off the golden gate bridge on ebay. AP picked it up
as well as a host of other west coast media outlets.

I'd like to have a couple of drinks with my fellow comrad and give ebay another swift kick in the balls.

Please contact me at 646-573-8957 My name is Gabriel.

[Jim]

Pretty brainless move in the first place to put it on ebay, home to countless bootleggers who rip off the hermitlike rock-geek obsessives by selling stuff openly which is available at no cost elsewhere. Ebay is the home of con-men, so how could it be surprising that fake bids would be coming in? Would have been easier to just have begun by offering sale to dealers, collectors, musicians who were established as having a VU interest (and money). And anyone who follows "rules" of a corporation is a fool. Love the music, though.