Of Market Value and Music Value
Back on eBay and wanted to first catch up on some of the items we were watching last time, starting with George Wallington, New York Scene, New Jazz 8207. This was the one from the Jazz Record Center and the bidding was at close to $800 when we wrote about it. The record wound up selling for $2,000, well surpassing the previous top price paid for this record, according to Popsike. I still find it fascinating that certain records have a strong appeal to collectors, i.e., value, while other records of the same era, perhaps by more prominent artists, have less of an appeal. Off the top of my head, I’ll use Sonny Rollins Plus Four as an example. This is a great record, featuring ground-breaking artists in their prime, on Prestige, yet it has never come close to the $1,000 mark, let alone $2,000. I’m sure I can come up with other examples, but you get the drift. I’m sure it has to do with supply and demand and all of that and perceptions of what is “rare” and what isn’t, which, I guess, is one of the nice things about having sites like eBay and Popsike to monitor the market and see on a daily basis what actual market value looks like. Back in the dark ages before the Internet, most of us were probably operating in the dark, not quite understanding the market value of what we were collecting. I guess we were focusing on the music that we loved.