A painting by the late artist Jean-Michel Basquiat, which is currently owned by U2, will be auctioned off at Sotheby’s of London on July 1st. Back in 1989, bassist Adam Clayton spotted the work of art, estimated to be worth 8 MILLION DOLLARS (GBP 4 Million), in a New York gallery and the band decided to purchase it to decorate their Dublin studio. Now Bono, Adam, the Edge and Larry can laugh their way to the bank (more than they do already) when it goes under the hammer next month.

The rich just keep getting richer, eh? The old saying holds true…”it takes money to make money”!

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This is great news for U2 fans out there. On July 22nd, early U2 albums “Boy”, “War” and “October” will be reissued and will include unreleased and rare stuff. These new CDs will feature a variety of music never heard before, including a mix of “I Will Follow”, various live tracks taped at London’s Hammersmith Palais, remixes of “New Years Day” and a club version of “Two Hearts Beat As One”.

I really cannot wait to buy these. I need my U2 fix and I need it now!

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Here is Bono at the Cannes Film Festival “Un Conte de Noel” Premiere.

Doesn’t he look hot?

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Bono celebrated his 48th birthday on May 10th in grand style, with a bash being thrown at a chic cafe in Monaco (of course it must be chic, it’s in Monaco) by his beautiful brunette wife, Ali Hewson. Imagine his surprise when in walks none other than Hollywood Heartthrob himself, Mr. Brad Pitt. Pitt came withtout his better half, the word’s skinniest pregnant woman Angelina. Also at the event was Prince Albert II of Monaco and Bono’s pal The Edge. Now that is one party I would’ve loved to attend. I guess my invitation got lost in the mail. Oh well, there’s always next year.

Happy Belated Birthday to Bono, and many more!

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The second annual music memorabilia charity auction will be hosted by U2 guitarist, The Edge on May 31 at the Hard Rock Cafe New York in Times Square. Proceeds will go to the campaign The Edge co-founded in 2005 to aid musicians of the Gulf Coast Region after Hurricanes Katrina and Rita.

Some of the items to go on auction are:

Kurt Cobain-played early bass guitar with home photos of him playing it ($40,000/60,000), a Jim Morrision handwritten poem ($4,000/6,000), a Miles Davis stage-played trumpet ($10,000/20,000), a Jimi Hendrix signature on a receipt ($2,000/3,000), Slash’s Gibson Les Paul first played on stage with Velvet Revolver ($20,000/30,000), a Bob Dylan handwritten set list ($2,000/4,000), and four D.A. Millings suits worn by wax figures of the Beatles at Madame Tussauds museum ($60,000/80,000).

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U2 are reportedly scrapping all of the tracks they’ve written for their next album and are starting all over again which means ditching a year’s worth of work. Ouch! The rockers have been working for the past year but they’re quite unhappy with the results. The Edge revealed that the band has mostly messed around and now they’ve decided to really get to work and finish the new record. He told Cmumusic.com

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“We went into this project allowing ourselves the indulgence of making music without thinking about where it was going to end up. We’re starting to get serious now”.

Can’t wait for the new album & the new tour!