The price of old LPs
Posted by: mista h on 22 October 2012
Just got back from Croydon,bumped into the owner of Memory Lane a s/h music shop.
He just told me he is doing more specialist LPs now as the likes of Amazon have taken a lot of the run of the mill sales away.
Told me he has got a few punters interested in a 1st pressing/mint bla,bla,bla King Crimson LP at a bargain £2000. Am i out of touch with prices or what????
Mista H
I assume you mean £200 and not £2000 but even that is pretty steep!!!
Just got back from Croydon,bumped into the owner of Memory Lane a s/h music shop.
He just told me he is doing more specialist LPs now as the likes of Amazon have taken a lot of the run of the mill sales away.
Told me he has got a few punters interested in a 1st pressing/mint bla,bla,bla King Crimson LP at a bargain £2000. Am i out of touch with prices or what????
Mista H
I have some first pressing you can have for £2,000 - I'm sure there is a World of Des O'Connor knocking about somewhere in the house. It was in the record rack downstairs next to this album.
Though with such a horrible cover I doubt that is worth much even if it is in mint condition.
I assume you mean £200 and not £2000 but even that is pretty steep!!!
NO mistake.....ring Memory Lane Records,Croydon.
Mista H
By coincidence, a couple of weeks ago a copy of "The court of king crimson" sold for £520.00 at a local auction, I dropped out at £250. I wouldn't say the vinyl or the sleeve where mint, probably near mint visually. The buyer took a risk on the condition, there's no way of knowing how it sounded. From the general condition of the other records in the box, I'd say he he took a huge risk.
Mint vinyl and mint sleeve with A1/B1 matrix's might not be far out at £2000, from a record dealer. Although he's had only interest, nobody's has snatched his hand off.
Talking to the guy from Memory Lane he is confident the LP will sell. When i asked him if he demoed expensive LPs to buyers he said no,most collectors just take them home and store them,they never get played. Dont see the point myself in spending out big bucks,just to stick it in a cupboard!!
Mista h
The price of mint/near mint copies of some albums have rocketed in recent years, mainly thanks to ebay where the competitive nature of auctioning makes people bid silly money if they really want the album. That inflated price then becomes the benchmark price for future sales. It's market forces and the price is what people are willing to pay. I'm just pleased that I bought a shed load of old vinyl in the '80s and '90s when idiots like Stu got rid of their record collections thinking that CD was the way forward.
The most valuable record in my collection is probably worth more than 3x the £2000 the dealer is asking for the KC album. It's by Dr Isaah Ross called The Flying Eagle and was the 1st album to be issued by Mike Vernon on the Blue Horizon label. Less than 99 were pressed and were sold by mail order via his Blues magazine. I also have the magazine it was advertised in. A very nice package. It is the holy grail to Blue Horizon collectors and very rarely comes up for sale. I picked it up in 1992 in a car boot sale for 60p, a very nice investment. It was worth £400 even back then.
I still collect 1st pressings but I'm more selective than I used to be.
Steve
Steve,
Its funny you should mention that.Git
My soon to be 30 year old son and i were looking at photos of my old record collections and HiFi systems from the early 70/80s this morning.
He asked what did i do with all those 12"spools of tape.
I then found a few pictures of him aged 10 months when he learnt to walk that his mother took of him and room covered in tape.
She used to let him pull them of the shelf and roll them around because he was having fun.
Stu.
Just got back from Croydon,bumped into the owner of Memory Lane a s/h music shop.
He just told me he is doing more specialist LPs now as the likes of Amazon have taken a lot of the run of the mill sales away.
Told me he has got a few punters interested in a 1st pressing/mint bla,bla,bla King Crimson LP at a bargain £2000. Am i out of touch with prices or what????
Mista H
Are you referring to the "In the Court Of ......" LP.
I have a first pressing, not mint but probably in excellent to very good condition.
Bought it in 1969.
Last time I looked in the 2008 Record Collector book it was valued at £50.
£2000 , Crazy!!
According to the above book the most valuable LP in my collection is a first pressing of "Bed Sitter Images" by Al Stewart. It was listed at £85.
The Steven Wilson mastered 200g LP is the best sounding and thats still under £20 new.
Stu.
Steve,
Its funny you should mention that.Git
My soon to be 30 year old son and i were looking at photos of my old record collections and HiFi systems from the early 70/80s this morning.
He asked what did i do with all those 12"spools of tape.
I then found a few pictures of him aged 10 months when he learnt to walk that his mother took of him and room covered in tape.
She used to let him pull them of the shelf and roll them around because he was having fun.
Stu.
Stu,
It's not all roses in my record collection. I lost quite a few now valuable LPs during my divorce, including coincidentally my copy of KC ITCOTCK.
That's all water under the bridge now. I have plenty of good music to listen to.
From one old git to another.
Steve
The Steven Wilson mastered 200g LP is the best sounding and thats still under £20 new.
Stu.
Stu,
I bought this version. Helps take the pressure of playing my original copy.
Steve,
Its funny you should mention that.Git
My soon to be 30 year old son and i were looking at photos of my old record collections and HiFi systems from the early 70/80s this morning.
He asked what did i do with all those 12"spools of tape.
I then found a few pictures of him aged 10 months when he learnt to walk that his mother took of him and room covered in tape.
She used to let him pull them of the shelf and roll them around because he was having fun.
Stu.
Stu,
It's not all roses in my record collection. I lost quite a few now valuable LPs during my divorce, including coincidentally my copy of KC ITCOTCK.
That's all water under the bridge now. I have plenty of good music to listen to.
From one old git to another.
Steve
Steve,
I wont bother going into detail about what was in my 45rpm singles box that she left behind when we moved in 82.
Over 10,000 squids worth at todays prices.
But as you say Its all water under the bridge.
Stu.
About 3 years ago I bought an LP for £180.00 at an auction. When I examined it closely I noticed a "Help the aged" sticker priced at £1.00.
I suspect the original owner hadn't told his relatives, probably wife, how much his record collection was worth/cost. On his death the records ended up in the local charity shop.
The person who bought it for £1.00 did likewise but it ended up in an action.
I on the other hand placed it in a plastic sleeve, along with a piece of paper, which now has £600 written on it. In fact I've done this for all my records I consider worth more than £40.
The Steven Wilson mastered 200g
LP is the best sounding and thats still under £20 new.
Stu.
I've got that .. does somebody want to give me £2000 for it?
The Steven Wilson mastered 200g LP is the best sounding and thats still under £20 new.
Stu.
Stu,
I bought this version. Helps take the pressure of playing my original copy.
Each to his own; but this illustrates one reason I can't go back to vinyl. The thought that each time I play a record, it wears out just that little (but significant) bit, spiralling downwards through mediocre sound to the point where I need to buy another copy. It would just diminish my enjoyment. My digital files suffer no such degradation.
WInky,
Quite frankly that's BS. If LPs are handled in the right manner and played with a decent stylus they last a lifetime. I have a 1st press copy of Please Please Me that is 50 years old and has been played many many times over the years but the SQ is still far better than any downloaded file you could ever buy. I bet that in 50 years there won't be any trace of the files you own now.
ATB
Steve
Housed in the period correct, original "Use Emitex" poly-lined inner with PATENTS APPLIED FOR
(left) and MADE IN GREAT BRITAIN (right) text.
This legendary album rarely surfaces in anything other than tatty condition. It's a pleasure to offer one that is truly Excellent, made all the more remarkable considering it's almost 50 years old.
£7,500 For more information contact.............................Finance Available.
Any Takers ?
Graham
......but the SQ is still far better than any downloaded file you could ever buy......
......I bet that in 50 years there won't be any trace of the files you own now..........
ATB
Steve
We'll have to agree to disagree on this.
The thought that each time I play a record, it wears out just that little (but significant) bit, spiralling downwards through mediocre sound to the point where I need to buy another copy. It would just diminish my enjoyment. My digital files suffer no such degradation.
That's a very good point.
It's the very reason i don't ride one of these newfangled bikes with 10 speed cassettes. I'd much rather use a 5 speed Regina Corsa in the knowledge it will last 10 times longer than crummy modern cassettes.
The thought that each time I play a record, it wears out just that little (but significant) bit, spiralling downwards through mediocre sound to the point where I need to buy another copy. It would just diminish my enjoyment. My digital files suffer no such degradation.
That's a very good point.
It's the very reason i don't ride one of these newfangled bikes with 10 speed cassettes. I'd much rather use a 5 speed Regina Corsa in the knowledge it will last 10 times longer than crummy modern cassettes.
Nice try. But poor analogy. The consumables (chain, cassette, tyres, brake-pads, cables, bearings and bar-tape) on a bike are like the stylus and drive belt on a turntable. The bike itself is like the actual turntable.
The correct analogy with record wear is if the roads wore out by riding on them. Which they don't.
When 45% of the planet are deaf of have brain tumours because of all the beaming streaming wave signals running through the air in 20 years time questions will be asked??
I saw the new pads that are coming on the BBC very early morning Tech show last week.
They are hands free you scroll turn pages and click just by eye movement while standing on a Tube/train
Worth looking on the BBC page to see.
The LP Record will still be going round and round imo.
Stu.
The thought that each time I play a record, it wears out just that little (but significant) bit, spiralling downwards through mediocre sound to the point where I need to buy another copy. It would just diminish my enjoyment. My digital files suffer no such degradation.
That's a very good point.
It's the very reason i don't ride one of these newfangled bikes with 10 speed cassettes. I'd much rather use a 5 speed Regina Corsa in the knowledge it will last 10 times longer than crummy modern cassettes.
Nice try. But poor analogy. The consumables (chain, cassette, tyres, brake-pads, cables, bearings and bar-tape) on a bike are like the stylus and drive belt on a turntable. The bike itself is like the actual turntable.
The correct analogy with record wear is if the roads wore out by riding on them. Which they don't.
Not really, the correct analogy with the road wearing out would be the turntable shelf disintegrating.
If you chose to ride a bike that gives higher performance at the expense of longevity, that's up to you. I chose to use a higher performance devise, a turntable, at the expense of longevity, although I know my records will outlast your crummy 10 speed cassette.
A mate of mine is really into the value of records and he told me The Court Of The Crimson King was originally released for a short time with the 'pink' island label rather than the later palm tree one.
It's the 'pink' label on this particular album that makes the big bucks.
I did check mine and it's NOT a pink one,not for sale whatever so it matters not to me!
...a higher performance devise....
By what measure (not opinion) is your TT a "higher performance device"? You might prefer everything about it compared to a top CD or streaming source, just as I might really prefer the ride and look of a steel-framed vintage bike. But that wouldn't make it higher performance (faster) when compared to my C59. Just as there is no objective and relevant measure by which an LP can out-perform a CD or good quality digital file in terms of fidelity of reproduction.
PS: I still think the road is the right analogy for the LPs, Files or CDs we play. The road (and scenery, weather, traffic etc) is what gets "played" when I ride. It is what provides the enjoyment and variety (and familiarity). An exercise bike would be like a test signal. Useful, but boring. I don't know what the TT shelf would be equivalent to.
Just over 10 years back I had a guy fly over from Korea to negotiate the purchase of this:
A very rare set indeed, and rarer still for being pancake pressings - as far as most collectors were aware there were no SXL pancakes made, all of the old presses being used for the London CS issues.
Somehow he'd heard about my Decca SXL collection through a dealer and another collector I used to do swaps with. So he rang and asked to come and visit. I told him that the set in question was not for sale, but he said he wanted to come anyway. We did a deal in the end and the proceeds got me through a tough couple of months.