A rare Velvet Underground recording owned by a Montreal music collector has failed to sell, after the winning bid in a highly anticipated auction turned out to be false.
The final bid of $155,406 US was entered Friday night in the eBay auction by a buyer known only by the moniker "mechadaddy."
Reuters and Associated Press wire services and other media outlets, including CBC Arts Online, reported the sale, which had been hosted by Saturn Records. Montrealer Warren Hill had enlisted Saturn to help him sell the archival musical artifact.
However, the bid turned out to be a fake.
"It seems to have gone badly at the end," Hill told CBC Arts Online Monday afternoon.
Though he said the failed auction was "not tearing [him] apart," Hill added, "I just don't really feel like talking about it."
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