A few weeks ago I got into an interesting email discussion with one of our loyal readers, Dave Sockel, who sent me an article about the plummeting market value of Elvis Presley collectibles, particularly old Elvis vinyl. Dave’s email came with the subject line: “A cautionary tale for all of us?” This was my reply:
“I remember reading something a few years ago — I think I posted on Jazz Collector — about a “50-year-rule” for artists. Basically, 50 years after the peak of the artist’s popularity and/or death, he or she is all but forgotten and the demand for their stuff starts to really erode. We’ve kind of seen it with the beboppers in Jazz, and a guy like Art Tatum. When I started collecting, Tatum records were collectibles. Not any more.