Folk me - the Axminster School Folk Group EP

A copy of an early Sentinel EP by The Axminster School Folk Group recently appeared on ebay, with a starting bid of 99p (thanks to Richard for alerting me to the auction). My curiosity was piqued, even more so when the price started escalating....and escalating.... until the record finally sold earlier this week for £113.11. Astonishing. (It goes without saying that I backed out well before it reached this price...) So what's the story? Was there a future rock legend in the Axminster School Folk Group? Does a former pupil want to relive a slice of their past? There's a story here, I think. I could only find one other mention of this EP on the web, when it sold on ebay a few years back for under a fiver...and even that entry seems to have disappeared now. Is there anyone out there who performed on this record? Is the lucky winner reading this right now? Do tell! Titles are Pack Up Your Sorrows, Swansea Town, Dark As A Dungeon & The Water Is Wide/O Waly Waly. It was issued on the Private Record Division of Sentinel, cat no SENP EP 001. Thanks to ebay seller cdsandrecs (in advance) for the photos.