Anyone else heard about this Bill Graham/Wolfgang's Vault thing, specifically the music/video archives?

It's quite a treasure trove though I'm not so foolish as to ascribe simple altruism as to what they'll do with it. Still, check it out -- and here's the key part of the press guff, setting aside the 'oh that amazing sixties generation' intro:

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Graham's creative vision led him to commission true works of art to promote his shows and, fortunately for the modern collector, his entrepreneurial instincts led him to overprint and preserve the exceptional art, photography and recordings that came from these shows. For over 30 years, his company accumulated and stored this material in newly minted condition....

Entrepreneur Bill Sagan paid more than $5 million for the cache in 2003. He named it in honor of Graham, who was born Wolfgang Grajonca in Germany. With Bill Graham gone, this collection was sitting in an underground warehouse and slowly drifting off into memory.

"Bill Graham was a pack rat" says Sagan. "He saved EVERYTHING from posters to tickets to the audio and video of every concert. When all is said and done the collection will probably top one billion dollars."

The vast majority of material in Wolfgang's Vault comes from the exquisitely preserved, original archives of Bill Graham Presents, which we now own and manage. Beginning with the seminal concerts of the mid 1960s and continuing through today, we've assembled a superb collection that is being cared for in state-of-the-art facilities.

SUPRISES IN STORE

"I knew generally what was in (the archive), though there were close to a thousand boxes that we didn't open during due diligence," Sagan says. "I spent very little time listening to the audio archive or looking at the video archive, so a lot of surprises happened after we completed the transaction."

The video footage, much of it expertly shot with multiple cameras, includes the legendary 1973 San Francisco show by the Who at the Cow Palace when Keith Moon fell into his drum kit; the Sex Pistols' final concert; and a four-camera shoot from the Tanglewood (Mass.) concerts of 1970.

"The quality is unbelievable," Sagan says. "I give the BGP people a lot of credit; they kept (the tapes) cold and they kept (them) at low humidity."

Gregg Perloff, a former exec at BGP hired by Graham in 1977, says that, contrary to some recent press reports, most BGP employees were knowledgeable about the archive. "All of this stuff had been archived and inventoried," says Perloff, now president of Another Planet Entertainment. "We were well aware of what we had."

The four asset groups, as described by Sagan, included posters, handbills, tickets and the copyrights associated with them; photos from virtually every performance from Graham's 30,000 shows; the audio/video masters; and miscellaneous items from Graham's life and career.

Wolfgang's Vault has been selling the memorabilia since 2004. Sagan says he is "damn close" to making back his initial investment -- and that is before making a dime from what may prove to be the archive's most valuable asset, the music.

FREE OFFERINGS

Sagan and his team spent more than a year transferring the recordings to high-end digital format, then mastering virtually every song. Sagan says they have mastered about 80 percent of what they intend to use.

There is no cost to stream the music at 128k at the Wolfgang's Vault site. Sagan says he hopes the feature will draw more fans to the site and sell more merchandise.

Meanwhile, Sagan is navigating the murky publishing and licensing waters, hopeful that CDs and DVDs of Graham's shows could be on the market by the end of the year. Sagan says he is in talks with record labels.

"The chances of having physical audio product by mid-summer are very high," Sagan says, adding that DVDs could be available by the fall.

"I had imagined it would be a quagmire, and now I don't think it will be," Sagan says of obtaining the rights to release this content, which was recorded legally. "Graham, especially with some of those early performance contracts, got some rights that other (promoters) might not have. He was a visionary in how he structured some of these agreements."

For his part, Perloff is happy that some of these concerts will see the light of day. "It's fantastic what they're doing, in the sense that (the music) will get out into the marketplace and people will get a piece of that period," Perloff says. "People are going to go nuts over this stuff."

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Here's the current Vault Radio page.