Velvet Underground record back on eBay

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"We ran this auction last week, but as we have reported to the international press which has enquired, the winning bid was found to have been perpetrated by a prankster. We are rerunning the auction this time with amendments to the effect that in the present auction, identities of bidders will be kept private to avoid attracting non-serious attention-seeking bidders, and we are also requiring that interested bidders register before bidding so that we may examine their references. We are hopeful that this will ensure a fair and accurate auction result which will reflect actual market interest. - Scott Wax, Saturn Records"

posted at 4:12 AM on December 15, 2006 in music | Comments (5)

Comments (5)

are you sure the bid wasn't placed by a wangster?

Posted by Anonymous | December 15, 2006 9:24 AM

How come it didnt go to the next highest bidder ?

Posted by rt | December 15, 2006 9:27 AM

The next-highest bidder could argue that s/he bid that high only in an effort to outbid the bidder who turned out to be a prankster. Also, the next-highest bidder could have been a prankster him- or herself.

Posted by Anonymous | December 15, 2006 10:18 AM

bidding on the new auction ends at 4 today and its currently at a measly 25k (i think it was 150k last go around)....

Posted by Anonymous | December 21, 2006 1:08 PM

The whole thing is very fishy. It is far more likely that, rather than the bid being placed by a prankster, a couple of people were driving the bid up for the sellers and it backfired. The price difference is very suspect.

Posted by john jackson | December 24, 2006 6:13 PM