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The record was last bought in an eBay sale for $25,200 in 2006 and is one of only two known copies, the other owned by the Velvet Underground’s Moe Tucker.
“I bought it for $25,200, which, in my mind, was extremely undervalued for what the record was. I’m a big Velvet Underground fan, but to be honest, I’ve never been a big fan of this album. But the significance of the record for music is unmistakable,” the buyer told Rolling Stone magazine.
“It’s obviously a piece of musical history, but I wouldn’t have purchased it then if I didn’t see its potential as a financial investment.”
The acetate was then discovered in a New York flea market in 2002, where it was bought for just 75 cents. In 2012, the acetate was officially released as part of an anniversary box set.