« Bassist Andrew Seward Quits Against Me! | Main | Hunter Hayes, Luke Bryan and Band Perry Get Up Early to Play Today »

Unreleased Bob Dylan Lyrics to Be Auctioned in June

Sony Legacy RecordingsUnreleased Bob Dylan lyrics written fifty years ago are expected to fetch between $40,000 and 55,000 at a Christie's auction on June 26th.

According to Rolling Stone, Dylan composed the song, titled "Go Away You Bomb," after being asked by Izzy Young of the Greenwich Village Folklore Center to write about the nuclear bomb.

Young, now 85, says he decided to sell the lyrics because of his poor financial situation. "My daughter, who is 39, came to me and said 'Papa, I'm sick of you surviving by miracles,'" Young says. '"You have to sell that Bob Dylan song.' She convinced me I had to, and she moved it to a bank vault for me." Young adds that income from the sale will fund his center, which he now operates in Stockholm, Sweden. "It's going to be the first time in my life I'll have real money," he says.

Back in the day, Dylan was one of Young's customers at the Folklore Center, which sold rare books and records in New York City. Young also arranged for Dylan to perform at New York's Carnegie Chapter Hall on November 4, 1961 but only 53 people attended the show, tickets for which cost two dollars. Young lost money on the concert, and recalls, "I tried to give him 20 bucks anyway. He refused to take it since I lost money." Dylan eventually accepted ten dollars.

The program for that concert is also being auctioned and is expected to go for between $1,600 and $2,300.

Copyright 2013 ABC News Radio

ABC News Radio