Priced In and Out of the Market
CeeDee sends me occasional links to auctions, accompanied by somewhat cryptic messages. This one was titled “boo hoo” with the additional note “I am slowly being priced out of the market, for the moment.” The LP in question: Herbie Hancock, Inventions and Dimensions, Blue Note 4147. This was probably an original pressing, with deep grooves, which I guess is acceptable for this record, based on the Fred Cohen guide. The record was in M- condition and the cover was probably VG++, with the signature of a previous owner very prominent in black marker on the back. I, for one, would not pay $605 for this record under most circumstances, and certainly not with someone else’s name etched forever on the cover in black marker. Neither, I assume, would CeeDee. But somebody would and, indeed, somebody did.
Here’s one I would have purchased for $605, and probably been quite pleased, although that would be more than I’ve ever spent on one record: Lee Morgan, Candy, Blue Note 1590. This was an original pressing in what was described as VG++ to M- condition. My guess is it was probably M- and the seller was trying to be conservative. My $605 wouldn’t haven won the record, of course. Neither did the top bid of $1,025, which failed to meet the seller’s reserve price.