November 21, 1980 –
After several years delay and hopelessly over budget, MCA Records released seventh studio album by Steely Dan, Gaucho, on this date.
MCA tried to recoup the cost of producing Gaucho by selling the album at $9.98 retail, rather than the average rate of $8.98 retail. Donald Fagen and Walter Becker couldn’t help resent the price increase and feared that their fans would lay the blame on them, given that minimum wage was $3.10 at the time.
