[78-L] 78 Prices--was:Here is the article on Tefteller and Paramount fromtheNY Times

[Julian Vein]

Michael Biel wrote:
   If Tefteller is buying records for tens of thousands of dollars, and 
has a
> standing offer of $25K for two certain records, he is already paying
> top-of-the-market prices.  The profit is being made by the person
> selling him the record.  He is in the business of selling records and
> would supposedly know what the market will bear, but how many others up
> at this stratospheric high level of collecting are there?  
> 
> Mike (pauper) Biel  mbiel at mbiel.com  
=================
I suspect that collectors like Tefteller are also buying rarities at 
well below the market price and selling them on at a profit. Someone 
once remarked that although some 78s change hands at astronomical 
prices, it still remains a poor man's hobby.

      Julian Vein


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