Lou Reed Frantically Trying To Set Up PayPal Account

Brian Raftery | December 11, 2006 8:16 am

Earlier this month, we mentioned a rare Velvet Underground acetate–purchased for 75 cents at a Manhattan flea market–that was going up on eBay; the auction ended Friday night, and the record went for a whopping $155,401 (that’s nearly twice Lou Reed’s annual scowl-maintenance budget). The winning bidder is someone named “mechadaddy,” and according to our well-placed sources, he/she is an “excellent eBayer!!!!!!!!” who has sold tickets and SuperDiscs on the site. If you have any info as to the buyer’s identity (even though we still think it’s Lou), drop us a line at tips@idolator.com.

And if you’re looking for other eBay deals this week, might we suggest:

— A rare DVD/CD combo of Vanilla Ice’s out-of-print 1991 film Cool As Ice, a Cheever-like examination of suburban mores. — A seemingly home-made Nickelback T-shirt. –A collection of Aaron Neville magazine articles.

Earlier: Reed It And Weep: The Most Expensive Velvet Underground Collectible Of All Time