Sure, it's got a Velvet Underground vibe to it but it's also got a Feelies vibe to it too. Take that VU sound and filter it down through the generations of bands that copied it and you get the delightful "Ultimate Painting" by Ultimate Painting.
The band is James Hoare from Veronica Falls and Jack Cooper from Mazes. This single will be released soon from Trouble In Mind Records.
In the meantime, you can spin it a dozen times via the link below.