That explains the how, but not really the why. Bowie wasn't really Bowie at that point, thrown about at the whims of the sleazier end of the music industry. For this session, which went unreleased for many years, he's been added to the roster of The Riot Squad. So unusual to hear this being played by a beat group. They capture the song's peculiar single note tension, but then adorn it with sax and some entirely unnecessary mouth organ. Blame Bowie for the latter, apparently. His singing isn't much better either, and instead of Lou Reed's laconic drawl Bowie gives a rather flat and bored performance. Still, what an oddity this is. Don't know if it counts as the first cover of a Velvet Underground song by an unconnected party, but it was recorded before the release of The Velvet Underground and Nico. Certainly worth listening to.
David Bowie - I'm Waiting For The Man