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IMMEDIATE PROFIT

I read with Interest about Billy Nicholls' 'Would You Believe' album a few months ago, and 'believe' I have a record on the Immediate label that is equally rare. It's PP Arnold's The First Lady Of Immediate, and like the Billy Nicholls album, only a few hundred were pressed up before release was cancelled. Can you give me a value?

RC: It's true that only a few hundred copies of PP Arnold's First Lady ... album were pressed up before Andrew Loog Oldham's Immediate label encountered financial difficulties, becoming unable to give an official release in 1967. What makes the record even more mouth-watering is the fact that it has a Rolling Stones and Small Faces connections, with Mick Jagger and Steve Marriott producing some tracks. Although the current RRPG lists the album at £200, we believe that your copy - Mint or otherwise - would sell far in excess of that figure, and suggest a starting price of at least £500. For those with shallower pockets, the Line Records reissue is also out there for a more reasonable price.