[78-L] value of a collection for bankruptcy

[neechevoneeznayou at gmail.com]

I've seen records for sale in resale shops, typically LPs for $1. At 1/2 
price books, they are much more, depending perhaps on what the original 
list was, and (sometimes) the condition. I typically see
LPs for $3.

joe salerno


On 1/22/2012 9:19 PM, Glenn Longwell wrote:
> A few years back I donated a bunch of records to Goodwill.  When I went through Turbotax I thought I recall a suggested price for records for deduction purposes was $1 each.  I'm not 100% sure but that's what I recall and I'm no where near that data to check.
> Glenn
>
> --- On Sun, 1/22/12, David Lennick<dlennick at sympatico.ca>  wrote:
>
> From: David Lennick<dlennick at sympatico.ca>
> Subject: Re: [78-L] value of a collection for bankruptcy
> To: "78-L Mail List"<78-l at klickitat.78online.com>
> Date: Sunday, January 22, 2012, 12:02 AM
>
> I did an assessment a few years ago for someone who needed his collection
> appraised as part of a divorce settlement. His collection is large and mostly
> classical and jazz, and consisted of good stuff, but we still agreed on a value
> of something like $1.25 per lp and $2 per CD..not based on yard sale prices but
> something between thrift stores and used record dealers around Toronto.
>
> dl
>
> On 1/21/2012 11:49 PM, Eric Goldberg wrote:
>> A good friend is facing bankruptcy and his lawyer asked him for the value of everything he owns including his record collection. I told him to place a value of 25 cents per record since that is what the local library sells them for at its library fair. I also told him to value his CD's at $1.00 a disk. I doubt that he could realize even the 25 cent per recordif  he tried to sell them, but he does need to present a value.
>>
>>
>> It is a nice collection of jazz. big band and vocalist LPs that are fairly common to people with good taste. There are no real rarities in mint condition.
>>
>>
>> As a collector, not a dealer, I would appreciate hearing from the pros on the list if this is a reasonable assessment. Remember it is for bankruptcy, not insurance.
>>
>>
>> He has about 700 records and 125 CDs.
>>
>> The least I can do for him is to get him an authoritative assessment.
>>
>>
>> He does not need a list of songs about bankruptcy although I am sure that one will be forthcoming.
>>
>> Thank you
>>
>>
>> Eric Goldberg
>> ________________________________
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-- 
Joe Salerno