For $490,000, you can now co-own the rights to 'Soft and Wet' by Prince
"[Buyer] probably shouldn't be doing it for financial purposes ... It's more about owning one of the most unique [Prince] collectibles ever"
Amid the slew of Prince auctions offering clothing, handwritten lyrics and other memorabilia from Paisley Park, a former Minnesota studio owner is offering a truly unique item on eBay — a co-songwriting credit on Prince's first solo single 'Soft and Wet'.
According to Rolling Stone, Chris Moon, credited with co-writing the lyrics to the 1978 track 'For You' as well as nurturing the career of the soon-to-be pop icon in the late 70’s, is selling his stake in the song on eBay.
Moon started working with Prince while he was in high school and the two partnered up, providing music to the producer’s lyrics. Moon allegedly also taught Prince how to record, produce and make his own demo tapes.
'Soft and Wet' was Prince’s first solo single, released in 1979 for The Purple One’s birthday. According to the Star Tribune, the songwriting credit was put up for auction on eBay with a "Buy It Now" price of $490,000. But at least it comes with free shipping!
The online ad reads: “Co-own a Prince song with Prince!” Moon said of the unusual auction: “Nobody has ever done anything like this before that I know of, so I understand why some people don’t believe it.”
Moon justified the sale, saying that after four decades he has enjoyed his time with the track but “would now like to see someone else get the same enjoyment out of it. I’m nearing retirement age, so I’m selling off some of my assets”.
But buyers beware — given that 'Soft and Wet' isn't one of Prince's most well-known tracks (it only peaked at Number 92 on the Hot 100 in 1978) Moon admitted that the buyer is very unlikely to turn a profit from the auction; the studio owner said the most money he's received from the track is when MC Hammer sampled it for a song on 1990's 'Please Hammer, Don't Hurt ‘Em'.
"Around 1990, MC Hammer came out with one of the top albums of the year," Moon wrote on the eBay listing. "When it came out he sold 10,000,000 copies of that album which meant I sold 10,000,000 copies of Soft & Wet. To date that MC Hammer album has now sold over 22 Million copies worldwide ... and each time that album sells so does a copy of SOFT & WET.”
"Anyone who buys this probably shouldn't be doing it for financial purposes," Moon added to the Star Tribune. "It's more about owning one of the most unique collectibles ever related to Prince.”
Chris Moon who lent his Moon Sound Studio to Prince early in this career, also owns Prince's demo recordings that helped the musician score his Warner Bros. recording contract, as well as the full rights to an unreleased Prince track titled 'Make It Through the Storm'.
But of course, those treasures are not for sale!
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