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Price guide book on collectable reggae wax?????

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Ras Adam

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Aug 23, 1999, 3:00:00 AM8/23/99
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my friend is hooked on jazz and he daily reads his "bible":a priceguide to
used jazz lps. he loves this thing he carries it on trips to record stores
etc..
i was thinking this would be a good thing for reggae. is reggae at that
level of collectablilty like jazz that this could fly???
one problem is maybe many experts are in england(flames start to flicker)
and the price guide would be in pounds sterling : )
and me with bad math skills couldn't do the conversion...

but seriously folks, what do you think about this idea.?
is there anything like this out there?
is there anything like this in the planning stages?
who comes up with the values in a book like this?
do they poll used stores to see what they sell them for?
do they look at auction lists?
i'm curious where they(books like this) come up with these values.

and although i collect reggae for the love of the music + OCD habbit : )
it would be cool to learn that a record you bought for .50 is worth 50.00
+ so on. please post some replies and thoughts on this. or if one already
exists pls post info on how to order one. cool ras adam

upstate NY reggae guide
http://web.syr.edu/~affellem/upstate.html

Ras Adam

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Aug 23, 1999, 3:00:00 AM8/23/99
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al...@lafn.org (William Just) wrote:

(HEAVILY SNIPPED)
imho price guides tend to inflate the market and make people think they
can retire on that one upsetter record. and then someone buys it for that
price (see ebay for great examples of what a little greed will lead to
when coupled with naivety(sp?) on the part of buyers), which in turn
tends to inflate the asking/worth price even more...
as it is, most auctions are out of control. as a general rule, i refuse
to participate, though tehre are some auctions where i know stuff doesnt
always go for top buck (or pound as the case may be)...

*******
some good points here.(read full text in post above) One thing i'm def in
agreement on is the outrageous auction prices.people have cheap lps
starting at like 15.00. as i said above, most of my collection cds and lps
are bought for around 5.00 or less, and thats all i want to pay. why is
the marley live in japan cd different from the cut out bin vibes of the
time tony rebel ; ) its the same plastic disc! one is $30.00-40.00 and one
is a buck. cd prices make me sick. everything else drops in price after
its been in the market for awhile remember those huge walkmans when they
came out? now you can buy one for a few dollars at a flea market. tapes
cost more that cds to make but cost less. a nickle costs more to make than
a dime. i am looking for a source for used reggae lps and 12"'s that are
like a buck a piece.maybe a flea market in brooklyn? a back room in JA?
music is too damn pricey and its should be out there for the masses to
enjoy. thats why i like tape trading. sharing that great live music for
the cost of postage. i thought a price guide night be a good idea, but
after reading your post maybe it would just make me sick to see what
people ask. i know a guy with incredibly jacked up used reggae prices.
every one skips(thats why the dj sold them) whaddevah a

Robert Schoenfeld

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Aug 23, 1999, 3:00:00 AM8/23/99
to
As someone who has been doing reggae auctions for a very long time, I
can offer some perspective on this question. In the guide links to the
current NHR auction, I say emphatically:
>>>>>*Bidders should only offer what a record is worth to them.*<<<<<
Just because you saw a record on another auction bring $XXX.00 does
NOT mean that is the real value.

Typically a demand record will have a range of bids from very modest
to high. Prices offered will generally follow a curve with maybe
10% on the high and low end and 80% of the bids in a middle range.
To my way of thinking, the "correct" value is the one that falls
somewhere in the middle.

Everyone has their own favorite titles, producers, labels and artists.
You may be willing to pay over $100 for a record I would not give $10
for. So what is the value? Certainly rarity and demand play a very
significant part, but there are SO MANY records, often on more than
one label or with alternate b-sides, that any attempt at a price guide
is doomed to be useless.

Some dealers have cultivated a high-priced clientele. Other dealers
sell more of a mid-line product or new releases. Prices also vary from
market to market, generally being higher the farther away from jamaica
(or the source) that you get. With today's pre-release 7" being largely
for export or pressed in very limited (essentially non-commercial)
numbers, even a new release can be "rare" or hard to get.

If a customer inquires, most dealers will offer some advise on the
relative value of an item. But beware, there is room for abuse in this
area. That is why the safest route and the only logical thing is to
simply offer what it is worth to you. On my auctions, I have several
times adjusted a high bid downward for a buyer who went overboard when
I felt the offer made was "off the map."

William Just

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Aug 24, 1999, 3:00:00 AM8/24/99
to

In a previous article, affe...@mailbox.syr.edu (Ras Adam) says:

>my friend is hooked on jazz and he daily reads his "bible":a priceguide to
>used jazz lps. he loves this thing he carries it on trips to record stores
>etc..
>i was thinking this would be a good thing for reggae. is reggae at that
>level of collectablilty like jazz that this could fly???
>one problem is maybe many experts are in england(flames start to flicker)
>and the price guide would be in pounds sterling : )
>and me with bad math skills couldn't do the conversion...
>
>but seriously folks, what do you think about this idea.?
>is there anything like this out there?
>is there anything like this in the planning stages?
>who comes up with the values in a book like this?

thats a tricky question. as for other price guides, they seem to go
by ASKING price (exotic autos) NOT selling price. in other words,
incredibly inflated and its a vicious circle from there: sellers use
the price guide to figure out what they want, and add some more to
talk down from, which drives the price guides prices up, etc.

all in all, i think its a very bad idea. but then again, im generally
a buyer and not a seller. sellers may well see it differently!

imho price guides tend to inflate the market and make people think they
can retire on that one upsetter record. and then someone buys it for that
price (see ebay for great examples of what a little greed will lead to
when coupled with naivety(sp?) on the part of buyers), which in turn
tends to inflate the asking/worth price even more...

at that point theres nothing to do but buy into the big bucks biz or
wait till the bottom falls out (like when the "next big thing" hits,
thereby making the prior "next big thing" obsolete...im thinking specifically
of the effect cds had on the vinyl market for a time.), or just stop
buying the artifacts and settle for cd-r's from fellow collectors
collections or cd reissues.

>do they poll used stores to see what they sell them for?
>do they look at auction lists?
>i'm curious where they(books like this) come up with these values.

all your guesses plus mine.

>and although i collect reggae for the love of the music + OCD habbit : )
>it would be cool to learn that a record you bought for .50 is worth 50.00

you know it is. do you need everyone else to know that too? or how bout
never finding that 50 cent record again?

as it is, most auctions are out of control. as a general rule, i refuse
to participate, though tehre are some auctions where i know stuff doesnt
always go for top buck (or pound as the case may be)...

--
one love
rasta4I
jah bill


Juha Vaahtera

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Aug 24, 1999, 3:00:00 AM8/24/99
to
On Mon, 23 Aug 1999 23:16:57 -0500, Robert Schoenfeld
<rob...@nghthwk.com> wrote:

>Everyone has their own favorite titles, producers, labels and artists.
>You may be willing to pay over $100 for a record I would not give $10
>for. So what is the value? Certainly rarity and demand play a very
>significant part, but there are SO MANY records, often on more than
>one label or with alternate b-sides, that any attempt at a price guide
>is doomed to be useless.

IMHO there ain't no 7" (and I doubt if there were any album I'd pay
that sum for) worth over $100. The best way to collect records is to
buy them when they're new - you'll have plenty of collectibles in
2025.

I'm off to play with my stamps...

--
"I will not buy this record. It is scratched"
Juha Vaahtera
http://www.dlc.fi/~maple/

rlam

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Aug 24, 1999, 3:00:00 AM8/24/99
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Juha Vaahtera wrote:
I'm off to play with my stamps...

..juha...no teletubbies? :-))

Christopher Albin Edmonds

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Aug 24, 1999, 3:00:00 AM8/24/99
to
Robert Schoenfeld (rob...@nghthwk.com) wrote:

<<snip>>

: Some dealers have cultivated a high-priced clientele. Other dealers


: sell more of a mid-line product or new releases. Prices also vary from
: market to market, generally being higher the farther away from jamaica
: (or the source) that you get. With today's pre-release 7" being largely
: for export or pressed in very limited (essentially non-commercial)
: numbers, even a new release can be "rare" or hard to get.

You know Robert, you keep re-stating the fact that most 7" pressing
in JA is for export, could you offer some clarification on this
point? Are you referring to contemporary stuff, or to all the repressing
that is going on now (Studio 1, Treasure Isle, Attack, etc.), or
to what? I have done a lot of shopping for 7" vinyl in Kingston, Miami,
and New York, and the only place that comes close to the selection
of current material I find in Kingston is Aquarius in Miami, and of
course since it is Herman's store the reason behind this is obvious.
Most of the US retailers I have been to really try hard to push the
(mostly VP issued) 12"s instead of the 7"s, since there is generally
more money to be made on the former (at least that was the case when
i worked at P&D company).

thanx :-)

"vie kanawi || christopher a. edmonds
ka-fe bo buyo" ||
===== crewz ===== || department of electrical engineering
/ MAXI TAXI / || center for computer research in music and acoustics (CCRMA)
| ENGINE ROOM | || stanford university, palo alto, california
\ MYSTIC URCHIN \ ||
/ MEDUSA / || cedm...@leland.stanford.edu
================= || http://www.stanford.edu/~cedmonds
sean paul say: || http://www-ccrma.stanford.edu/~cedmonds
"yuh cyan mix an' yuh cyan scratch, maxi gonna teach everybody bout dat!"

Juha Vaahtera

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Aug 24, 1999, 3:00:00 AM8/24/99
to

No, I've left them behind because I'm much older now ;)

I do appreciate record collectors very much, but some of the
collectors treat their treasures like stamps, not willing to share
their rarities to the public. On the contrary there's Steve Barrow and
some other people who has set up an exhibition to show his rare stamps
to all of us (that's metaphorically speaking). Of course I'm a
collector myself, but I don't collect records - I collect music (any
format will do). I just can't afford to pay skyscraper high prices,
because IMO it isn't worth the investment.

Robert Schoenfeld

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Aug 24, 1999, 3:00:00 AM8/24/99
to

Christopher Albin Edmonds wrote:
> You know Robert, you keep re-stating the fact that most 7" pressing
> in JA is for export, could you offer some clarification on this
> point? Are you referring to contemporary stuff, or to all the repressing
> that is going on now (Studio 1, Treasure Isle, Attack, etc.), or
> to what? I have done a lot of shopping for 7" vinyl in Kingston, Miami,
> and New York, and the only place that comes close to the selection
> of current material I find in Kingston is Aquarius in Miami, and of
> course since it is Herman's store the reason behind this is obvious.
> Most of the US retailers I have been to really try hard to push the
> (mostly VP issued) 12"s instead of the 7"s, since there is generally
> more money to be made on the former (at least that was the case when
> i worked at P&D company).

What a lot of producers do is press a limited number of seven inch for
pre-ordered export. The other thing that they do is use a limited press
seven inch for securing overseas album deals. It is not unusual
for a locally manufucatured single to not even be available for local
purchase.

Tim P

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Aug 24, 1999, 3:00:00 AM8/24/99
to

William Just <al...@lafn.org> wrote in message
news:1999Aug24....@lafn.org...
<snip>

> imho price guides tend to inflate the market and make people think they
> can retire on that one upsetter record. and then someone buys it for that
> price (see ebay for great examples of what a little greed will lead to
> when coupled with naivety(sp?) on the part of buyers), which in turn
> tends to inflate the asking/worth price even more...
>
Mostly true though reggae doesn't seem to need a price guide in order to
inflate prices.

Here in the UK the magazine Record Collector have been publishing a rare
record price guide for a number of years. The latest issue does list several
thousand UK issued Ska, Rocksteady and Reggae releases admittedly there
isn't much listed after say 1973 but that stuff is creeping in year by year.

The pricing does seem a little off the wall at times but I don't really see
that it's forced prices up per se. I say this because for a whole lot of the
stuff listed prices with dealers/shops are significantly higher. For
instance Vernon Allens - Babylon/Far I Come, a Buster production from '64 is
listed at £7...I understand a copy recently sold in London for £200, a copy
may also be appearing on a list soon and will probably go for more. Now if I
ever find a copy for £7 as a result of Record Collectors valuations I'll be
a very happy man.

On the otherhand Record Collector valuations have pushed up the prices of
stuff at the lower end of the price range. Records you could get from Record
Fairs for £1-£2 only a few years back are automatically being priced at
£7-£8. And this is by dealers who know nothing at all about the music,
what's good and what isn't etc. but have their trusty price guide to make
sure the price is right.

<snip>


>
> >do they poll used stores to see what they sell them for?
> >do they look at auction lists?
> >i'm curious where they(books like this) come up with these values.
>
> all your guesses plus mine.

I understand that Record Collector use a very limited number of sources
(1 -2) for their pricings with aditional info from a few general record
shops. These people certainly know their shit, but it seems that sometimes
their pricing is done in order to influence the market - I can't prove that
of course!


>
> >and although i collect reggae for the love of the music + OCD habbit : )
> >it would be cool to learn that a record you bought for .50 is worth 50.00

I notice the thread relating to this has proved popular...


>
> you know it is. do you need everyone else to know that too? or how bout
> never finding that 50 cent record again?
>
> as it is, most auctions are out of control. as a general rule, i refuse
> to participate, though tehre are some auctions where i know stuff doesnt
> always go for top buck (or pound as the case may be)...
>
> --
> one love
> rasta4I
> jah bill
>

Be lucky
Tim

Ras Adam

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Aug 24, 1999, 3:00:00 AM8/24/99
to
this is an off topics cause you were using a metaphor, but i started
collecting Ethiopian stamps w/ haile selassie , menelik etc.. and THEY are
cheap!!! most cost about 30 cents each. i realize some stamps can get
expensive, but compared to these $100.00 7"'s people are buying at auction
maybe stamps is a thought....; )

Ras Adam

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Aug 24, 1999, 3:00:00 AM8/24/99
to
"Tim P" <t...@klix.freeserve.co.uk> wrote:
(lots snipped)...

>On the otherhand Record Collector valuations have pushed up the prices of
>stuff at the lower end of the price range. Records you could get from Record Fairs for £1-£2 only a few years back are automatically being priced at
>£7-£8. And this is by dealers who know nothing at all about the music,
>what's good and what isn't etc. but have their trusty price guide to make
>sure the price is right.
******
i notice that here in NY. i used to buy lots of used reggae records for
$3.00 a pop. now the store had decided reggae is collectable and sticks
10.00 on everything regardless of the shape of the wax. one shop has a buy
one get one every few months so i still get them for 5.00, but still its
creepy that they are jacking the price on a trend withas you say no
knowledge of the music. if its reggae it's at least 10.00 (lame)..a


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