Vinyl LP's

Moth · Borekit Bruiser Joined: 30 Dec 2021 Karma :

Like many of a certain age I spent a few hours most Saturdays in the local record shop buying at least 1 LP.

A new near neighbour is a vinyl collector/dealer & has gone through 'em, valuing the lot at £7k+ & is prepared to offer me £4k as a job lot.

Is there any reason why I should hold on to 'em & not put that £4k down on a new Z900RS ???
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MarJay · But it's British! Joined: 15 Sep 2003 Karma :

Why are you asking us? We can't tell you that. You'll never get them back, and he's saying they are worth £7k. I'd want the 7 and not the 4, seeing as maths is a thing.

I've never really understood why people would accept less for something like this. A touch of extra work to find the valuable ones and get them sold would mean another three grand. Or, the LP's are worth more to you sentimentally, in which case tell him to jog on.
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to v or not to v · World Chat Champion Joined: 24 Nov 2020 Karma :

are you certain your neighbour hasnt undervalued them?
2nd hand dealers arent renowned for their honesty.
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stinkwheel · Bovine Proctologist Joined: 12 Jul 2004 Karma :

Alternatively, you could weed out any which are valuable as 1st presses/limited editions, flog those and replace them with a more standard version then play and enjoy them.
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Nobby the Bastard · Harley Gaydar Joined: 16 Aug 2013 Karma :

Expect to lose 23% (ish) in autioneers charges. The person buying also pays fees as well so you need to factor that into how much they would be willing to pay.

In addition they have to pay fees if the auction house is using one of the oinline bidding websites as well as in the auction house itself.
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Robby · Dirty Old Man Joined: 16 May 2002 Karma :

Do you need the money? The value is likely to go up, at higher than the rate of inflation. So it would make sense to hold.

Alternatively, the very rare and most valuable records may be at the top of their value and unlikely to go up much more. It could be worth selling those, and holding on to the cheaper stuff.

I don't know much about records, but I do keep half an eye on the price of old computer games. There is a bit of a value ceiling there, where you get a marked cutoff from games you would actually play (opened box), to unopened stuff that gets graded on condition and will only ever sit in someone's collection.

For games that seems to top out around the £500 mark for ones you would actually play. I assume it's similar for records. It's hard to sit back and enjoy listening to something when you know that one random act of cat could scratch the record and cost you £500.

There are some games I had 25 years ago that I really regret selling for peanuts now.

grr666 · Super Spammer Joined: 16 Jun 2014 Karma :

They'd already be gone if they were mine. I'd try and squeeze another £500 out of him though.
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WD Forte · World Chat Champion Joined: 17 Jun 2010 Karma :

I wouldn't give you a tenner for the lot.
Been through the singles, lps, tapes, cds, evolution and now have a massive
audio collection I could fit on a thumb drive.

Why would I want to faff about with the storage and the obsessive care and feeding of piles of plastic?
plus the bulky equipment needed to play them.

I'll accept some may be rare and have some value in that but only to the few who buy into the
old is good ethos but this is akin to the any old motorbike is a classic bullshit.

See if you can get 5 grand out of him then take the money and run
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pepperami · Super Spammer Joined: 17 Jan 2010 Karma :

As someone who has a fair few CD’s and vinyl.
If someone offered me a four figure sum for the lot, I’d bite thier arms off .
Very sadly , nobody wants CD’s these days .
Unless your vinyl is mint , it’s almost worthless Crying or Very sad

.

In this economic situation we find ourselves in, I’ll bet there are even less buyers out there than there normally would be.
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