Author: Dick Schneiders
Date: 09:21:25 04/08/05
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On April 08, 2005 at 11:56:56, Martin Slowik wrote: > >Dick, how do you assess the price of a rare vinyl lp? I mean, if it has not been >sold recently simply because there was no reasonable offer at all... Where starts >'overpaying' in such cases and is it for every buyer the same? Does it depend on >her/his marital status? ;) > >Philosophical Regards, >Martin Martin, Good thoughts, you are having. In reality, the price is whatever somebody is willing to pay. Of course, with vinyl lp's the physical condition is crucial, and very few collectors will be interested in even the rare ones, if the condition is not very good, or close to mint. This is one reason the rare ones are quite expensive. For the very rare lp's, there probably isn't such a thing as "overpaying", since a typical price range is not a reality. There are documented price guides, that attempt to keep up with the trends, but these are not very accurate, especially for the very rare items. Even the top lp collectors in the world are unable to come up with accurate guesses as to what some rare lp's (and to a lesser extent, 45's and 78's) will bring. I used to do a lot more buying (and selling!) of phonograph records 10 or so years ago. I would use an internationl magazine called Goldmine, that was mostly 100's of listings of many thousands of records offered for sale, to the top bid. This was a monthly magazine, and all of the bidding, etc., was done by mail. Of course, unlike eBay, other bidders knew nothing about the bids, except for their own. I was shocked at how high some of my records would be sold for. Most of them were bids from collectors in Japan. Bids, on some items, approaching $1,000 came in several times. This uncertainty of price is one reason I have not sold (or bought, for that matter) many recordings on eBay. I prefer, these days, to trade with other collectors from around the world. Perhaps this inactivity, compared to 10 years ago, is one reason I have taken to acquiring chess computers at a rapid rate. Dick Schneiders
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