Interesting development


I tend to follow the sales of various LP’s on Ebay. Recently, i have noticed that the price of many of them seems to have skyrocketed! For example, many of the Mobile Fidelity albums have sold for prices that are two-four times more than what they were when new! This is a new development, as only recently, say in the last six months, the same LP’s were selling at or below their original retail price, no more! The recent MFSL reissues of the  Miles Davis LP’s are a good example...some of them sat on the various sites that sold them new for years at the same price, or even slightly below...now we see these very same albums going for up to four times what they originally sold for..
Same goes for several of the Analogue Productions reissues..what’s up??

128x128daveyf

Showing 4 responses by millercarbon

@millercarbon sorry, but I don’t think your reasoning explains the sudden rise in value of the particular albums that I mentioned in my prior post.


Right. Totally unexpected. Where'd that guy come from all of a sudden? 

https://www.youtube.com/watch?v=XslcgQJMZaY 

There's a saying in finance, you go bankrupt twice: gradually, and all of a sudden. The sun darkens, the cloud gathers, and then finally when the rain starts falling you point and go, "HEY! Why's this spot wet all of a sudden!?!"  

There's some things no matter how many times or how well explained some never are able to get it. This it seems is one of them.
daveyf, I just did explain it. The post immediately preceding yours.

By the time enough prices are rising fast enough to catch on to what I’m saying it will be too late.
https://cms.zerohedge.com/s3/files/inline-images/https___images.saymedia-content.com_.image_MTc4MDAx...
About twenty years ago, I found and bought a still-sealed Mobile Fidelity copy of Rickie Lee Jones for $6 in a used record store. I saw it recently advertised here for $250. Now that’s inflation, or is it just supply and demand?

Everyone wants to pretend its one thing. If it was one thing I would have said the one thing instead of listing and explaining a few of the many important factors involved.

Inflation by the way is a monetary phenomenon. When money is created from nothing that is inflation. Whether or not monetary inflation results in higher prices depends on many, many other factors. For example, if monetary inflation is running 10%, but productivity is increasing 20%, then prices may fall even with 10% inflation. Exactly what has happened with a lot of electronics.  

Or if the newly printed from nothing money flows first into banks and Wall St then it will drive interest rates down and equity prices up. Any of this starting to sound familiar? 

We are now in the early stages of monetary hyperinflation, but hardly anyone notices because they were all Jedi mind-tricked into thinking inflation is rising prices.
By the time enough prices are rising fast enough to catch on to what I’m saying it will be too late.
Combination of things coming together in a perfect storm situation. Old records are like postage stamps collectible even if only due to not being made any more. For decades the supply was plentiful relative to demand. But now at the same time demand is growing, supply is dwindling. Demand is growing from a combination of more people realizing the superiority of vinyl, greater availability of turntables and gear to play them with, and now also people cooped up with more time and being scared into spending it alone and at home. 

As if all this isn't enough we also have not only the US but governments all over the world printing money by the trillions. Audiophiles may not get it, but not many have to, and anyway who says you have to be an audiophile to want to buy something that's going up in price?

Like I said just last week, when I dropped and scratched my copy of New Basement Tapes Lost on the River I thought no big deal buy another one, until I found the only 2 copies on discogs were not the $35 mine cost but now go for $200.

Have to use this to take another well deserved shot at digital. All kinds of CDs out there, anyone seeing price appreciation in digital? Yeah, what a joke. Which goes to show all the other reasons cited are indeed reasons, but ultimately are being driven by superior sound quality. Unlike CD, people actually enjoy listening to records- and prove it where it counts by being willing to pay more for them.