Velvet Underground rarity sells for £79,000

Record brought for pence goes for a fortune

The rare Velvet Underground record which originally went up for auction on eBay for 38 pence (75 cents) has been sold for £79,154 ($155, 401).

The mystery buyer has only been identified as mechadaddy.

As previously reported, the rare acetate dates from a 1966 recording overseen by Andy Warhol and is claimed to be the definitive version of the band’s classic debut ’The Velvet Underground & Nico’.