[78-L] Record Pricing Guides: not a new story

[Don Chichester]

I've got Scene 5 of Virginian Judge.  Can I retire on its sale value>

Don Chichester
 
> From: malcolm at venerablemusic.com
> To: 78-l at klickitat.78online.com
> Date: Tue, 25 Aug 2009 16:16:41 -0400
> Subject: Re: [78-L] Record Pricing Guides: not a new story
> 
> Maybe a price guide was used when figuring out what all these old records 
> are worth? - http://tinyurl.com/mzvgz2
> Binder 5 is empty - a drag, but at least he's throwing it in. In his 
> defense, I think Docks had scene 5 of the Virginian Judge at somewhere 
> between $5-$42,000, but where is he getting the other $1000 from?
> The not funny thing is that there are a few records in that lot I wouldn't 
> mind bidding on.
> Malcolm
> 
> Venerable Music - http://www.venerablemusic.com/
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> 
> 
> ----- Original Message ----- 
> From: "Cary Ginell" <soundthink at live.com>
> To: <78-l at klickitat.78online.com>
> Sent: Tuesday, August 25, 2009 1:55 PM
> Subject: [78-L] Record Pricing Guides: not a new story
> 
> 
> 
> Found this while doing research:
> 
> 
> 
> "Let us consider the several record price guides. The extraordinary ambition 
> of such guides is nothing less than to be accepted as a final authority on 
> the value of out-of-print jazz records. Anyone with the slightest experience 
> in record collecting is well aware of the innumerable difficulties of 
> establishing even an approximately fair price on a rare record. But when 
> someone publishes a book that is supposed to contain the precise value of 
> several thousand hard-to-get records, such an attempt, no matter what the 
> qualifications of the author may be, is bound to create general confusion. 
> On what basis do these people arrive at their prices? What kind of wishful 
> thinking gives them the illusion that they can take upon themselves the role 
> of Final Arbiter in such a delicate and essentially subjective matter? Every 
> experienced collector has his own opinion about record values and will 
> naturally ignore such misdirected efforts. But here is where such a book 
> causes much harm: it fall sinto the hands of a new collector who takes the 
> listed prices seriously and follows them in his tradings. Thus he has 
> started his collection with an entirely wrong perspective, and it will be a 
> painful awakening for him when he realizes how mistaken he has been about 
> the worth of his collection. I ahve been told of dealers who follow the 
> prices of such guides to the letter, asking preposterously high prices, just 
> because it says so in The Book, for records that are in terrible condition. 
> I am also told that the author of one of these booklets does not follow the 
> prices shown in his guide in his own record dealings. Record values are in a 
> constant state of fluctuation. Even if some of the prices quoted in such a 
> book would be accurate at the time of publication, after a certain period 
> they would lose their relevance. In my opinion, the majority of the prices 
> listed in such books range from inaccurate to fantastic. I protest against 
> all of them and advise you to avoid them."
> 
> 
> 
> Nesuhi Ertegun
> 
> The Record Changer
> 
> September 1947
> 
> 
> 
> 
> 
> Cary Ginell
> 
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