The Guess Who - Live At The Paramount. My favorite live album ever.
Black Oak Arkansas - Raunch & Roll Live. Their only essential album.
Neil Young - Time Fades Away (Live Rust and Arc also good)
Zappa - YCDTOSA vol. 2 (The Helsinki Concert)
Hendrix - Band of Gypsys (and Live At Fillmore East is 2 more CD's from those same shows)
Santana - Lotus (their most essential album along with Abraxas)
Miles Davis - other than Dark Magus, don't like the live stuff as much as studio (I still say Agharta is overrated.)
Black Sabbath - Live At Last* (so munged-out it's a classic in spite of itself -- love how they play the fast parts faster and the slow parts slower! Actually "Behind The Wall Of Spock" is probably better all around.) ((* originally put "Live Evil" by mistake.))
Oldies but goodies: The Who Live At Leeds. Deep Purple Made In Japan.
The Runaways and The Sweet did underrated live albums too.
I think Grateful Dead bootlegs are usually better than their live albums (though their official live albums are generally better than the studio ones -- especially the obvious first three Live/Dead, Skull & Roses, Europe 72.)
Jefferson Airplane's two live albums both have good stuff -- "30 Seconds Over Winterland" being the more underrated (they almost sounded like Black Sabbath in '73 -- LOUD!!!)
"Grand Funk Railroad Live Album" has a certain caveman charm, and captures the vibe of a huuuuuge 70's concert very well.
Not much time for: live Yes, Zeppelin, Rush.
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