The discovery was made by American music professor Judith Peraino, who found the cassette tape in the Andy Warhol Museum archives in Pittsburgh.
Peraino tells Variety that she did not understand what she had found until a colleague pointed out that it was basically a previously unknown Lou Reed album.
- That's when it got really exciting, says Judith Peraino to Variety.
The fact that the cassette tape was found at a museum dedicated to the legendary pop artist is no coincidence. Warhol was the manager of Lou Reed and his band Velvet Underground during a period in the late 1960s.
The songs on the cassette tape, which are from 1975, are also based on excerpts from Andy Warhol's book The Philosophy of Andy Warhol.
Whether the songs will be released or remain filed in the Pittsburgh Museum is unclear, as it is not yet clear who owns the rights, Variety states.