The New Abnormal?
Interesting article in The New York Times yesterday about how the pandemic has created a spike in the market for collectibles (Here’s How Bored Rich People Are Spending Their Extra Cash). While I think the headline is not quite accurate and designed to attract eyeballs rather than inform (hey, I am still a journalist/editor at heart), the premise of prices going up for collectibles certainly pertains to our jazz vinyl market here at Jazz Collector. Although records are not one of the collectibles mentioned in the article, a lot of our recent posts have been about skyrocketing prices. Perhaps it’s a phenomenon of the pandemic and will wither a bit when the world goes back to some kind of new normal, or maybe it’s indicative of a market that seems to know no ceiling. Whatever it is, it’s becoming more and more tempting to get back in the game and start selling records again. Let’s see why, starting with J. R. Monterose, Blue Note 1536. This was an original Lexington Avenue pressing listed in Ex condition for the cover and record. Based on the pictures of the cover that Ex would translate into VG (at best) if I was looking to buy. The final price was $2,650. Read more