Today Is Your Last Day To Prove That You Really, Really Love Lou Reed

Brian Raftery | December 21, 2006 9:31 am

It’s been a long couple of weeks for Warren Hill, the Montreal man who discovered a rare Velvet Underground acetate at a New York City flea market in 2002. After selling the disc for $155,401–not a bad deal, considering he bought it for 75 cents–he discovered the buyer was a fraud.

But in just a few hours, the second auction for the rare disc ends, and it looks as if Hill will be making a nice return on his investment: As of this morning, the bidding is just over the $25,000 mark, with an anonymous bidder leading the charge (we’re pretty sure it’s John Cale–the dude loves throwing his Shrek money around)

VELVET UNDERGROUND & NICO 1966 Acetate LP ANDY WARHOL [eBay]