The former Oasis star has been dishing out his opinions on some of the world's biggest stars, and though the 'Holy Mountain' singer thinks the 26-year-old singer/songwriter is a nice person, he's not as big a fan of his music.
The 50-year-old rocker also pointed out that the 'Perfect' hitmaker rakes it in when he's on tours, because he doesn't have any fancy productions costs as it's simply him, his microphone and loop pedal on stage.
During website Pitchfork's video series, 'Over/Under', Noel said of Ed: ''The ginger fury, honestly. What are his f**king overheads? $200 a night? He's got a guitar, a microphone, a f**king loop pedal and a tour manager. What does he want the big tour bus for?
''He's a very nice guy, he's got a heart of gold - he's got a heart of ginger, actually, but I do think his music is vastly overrated.''
However, when it was the turn of Kanye West to be listed as overrated or underrated, Noel chose the latter.
He said: ''I'd say he's underrated. Without being a huge fan of his, I f**king love him. I guess there's a bit of Kanye in all of us. You know what I mean?''
The 'Some Might Say' songwriter previously revealed that 'Fort Knox', the opening track on Noel Gallagher's High Flying Birds album 'Who Built The Moon?', is influenced by Kanye's track 'Fade'.
The rocker had played his producer David Holmes the hip hop song - the final single from Kanye's album 'The Life of Pablo' as an example of the type of music he'd been listening to.
Once the pair had completed psychedelic track 'Fort Knox' the pair considered sending it to Kanye but Noel ultimately decided to keep it for himself.
Noel made the revelation whilst speaking at a playback of his upcoming LP at Capitol Records studios in Los Angeles, saying: ''I just realised it was too f***ing good, so I kept it.''
'Fade' features Kanye, Post Malone and Ty Dolla Sign and contains samples of several different songs including Chicago House classic 'Mystery of Love' by Mr. Fingers, 'Deep Inside' by Hardrive, 'I Get Lifted' by Barbara Tucker and '(I Know) I'm Losing You' by Undisputed Truth.
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