A $1,000 Record

You don’t see too many jazz records selling for more than $1,000. Here’s a recent Gil Melle, Patterns in Jazz, Blue Note 1517, that sold for $1,225. It helped that the record was in mint condition, was an original and was being sold by a highly reputable dealer. Back when I was doing the site regularly, there was huge discussion when a copy of Monk’s Music, Riverside 342, sold eBay for $3,061.50. Here’s what I wrote at the time:

“It looked like a bidding war among four buyers. This record was viewed 1,215 times, which is more than I recall for any other jazz record. I did a quick search of the price guide at www.jazzcollector.com. We had one copy listed with the white label. It was in VG++/VG+ condition and sold for $366 in March. Inflation? Rising prices? Condition? Is there any rational reason why this record would sell for more than $3,000?”

Even then I never got a great answer. Anyone want to try now?