The record chain Amoeba Music has sold their iconic Hollywood building at 6400 Sunset Boulevard. They are perhaps the strongest bastion for vinyl aficionados and CD purists in California but their decision to sell their L.A. real estate was voluntary. Lucky for their devout clientele, this means that the store will remain intact for the duration of its current lease — possibly longer. Last month the posted the note below.
They are committed to “staying in Hollywood” could mean that they WILL move to a new location at the end of their lease, which is “several years” away. The space was sold last October, 2015 for $34 Million.
Architectural illustration firm Shimihara posted the below image to its website portraying a monolithic tower with a rooftop pool, which will replace the record store at some later date. (I don’t understand why businesses, like Amoeba, when they sell their space for a new build don’t make it a stipulation of the sale that they get retail space in the new building with a 99 year lease. It would be a win/win, if you ask me.)
So far, no indication that the chain will be selling its San Francisco store or their flagship location in Berkeley, CA.
MOST EXPENSIVE VINYL EVER
Speaking of vinyl and lots of money, the first test pressing of The Beatles (White Album), owned by Ringo himself, sold for a whopping $790,000, breaking the Guinness World Record for highest price ever paid for a vinyl record. The proceeds from the album sale, along with over a thousand items owned by Ringo, went to The Lotus Foundation, the charity founded by Ringo and his wife, Barbara Bach, dedicated to helping individuals in physical, mental and emotional need.
(via Dancing Astronaut)