The cyberspace saga of the Velvet Underground's 40-year-old first recording continued Thursday, with a new eBay auction that followed a false winning bid of more than $155,000.

That bid last week bit the dust when a young man in California e-mailed the seller confessing he doesn't even have enough money to buy gas, never mind the rare recording.

The first auction ended Dec. 8, with eBay showing a final bid of $155,401 for the music that ended up on the influential New York band's first album,"The Velvet Underground & Nico." Warren Hill, a collector in Montreal who owns the acetate LP, says he bought it at a Manhattan flea market for 75 cents in 2002.