The band were in London last night, honouring Universal Music's Lucian Grainge, at the Music Industry Trust's Award ceremony.
Mika and Take That performed at the ceremony last night along with Jamie Cullum and rock band Razorlight, which released its new album "Slipway Fires" today.
Artists among the 1,200 guests included Girls Aloud, Sugababes, The Fratellis, The Feeling, Snow Patrol, members of ABBA, Ray Davies and James Morrison.
A limited edition lithograph of the 'War' album sleeve went to Benny and Björn of ABBA while the green Gretsch, a guitar designed for and signed by Bono was snapped up by retail magnate Philip Green.Bono paid £21,000 for a box at Arsenal Football Club's Emirates Stadium, while bandmate The Edge stumped up £15,000 for singer Jarvis Cocker's puppet from TV satire Spitting Image.
Adam, Larry, Edge and Bono all took the stage to make the award to Lucien Grainge, Universal Music Group International chairman/CEO who is marking his thirtieth anniversary in the business.
'He's great because he's ready to take on the world for British music, and Irish music for that matter,' said Bono. 'He's a tough guy when it comes to deals but he's a very tender soul to deal with if you're U2.'Bono joked about U2's failure to release a new album this year, commenting that Grainge provides "cuddles" for the band "when we get stressed out and we haven't got the hits and we missed Christmas."
In his acceptance speech Lucian Grainge said: "This recognition is an honor, and I'm delighted to be able to share it with the many artists, colleagues and friends who have been at the center of my professional and personal life for the past 30 years. I'm proud that music is the only industry I have ever worked in. Music has given me opportunity and fulfillment beyond measure, and I'm grateful for that."
As well as honouring Mr Grainge, the night raised more than £568,000 money for two charities, the Brit performing arts school and Nordoff-Robbins Music Therapy.
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