Velvet vinyl hoax

It turns out that $155,000 bid for a rare pressing of the first Velvet Underground album was a hoax. The Canadian Press Association reports that Montreal seller Warren Hill, who bought one of two known acetate recordings of The Velvet Underground & Nico for 75 cents at a sidewalk sale in New York in 2002, will try again after finding out that the top bid among more than 250 was phony.