Sealed Giant Steps? $2,025? Huh?
I know this is going to give some of you a heart attack: That sealed copy of Giant Steps of unknown provenance sold for $2,025.55. What happens with something like that? Does the buyer even open it? If he does, what if it’s just a standard red and green label? What happens? I think it’s amazing that this seller is able to get these prices for some of his offerings. But I do wonder if there’s an alternate reality going on that we’re not aware of, like whether there is one set of buyers that are completely rapt by his marketing wizardry and only bid on his stuff and are not bidding on any other records. Here are a couple of other auctions we were watching from him: Louis Armstrong at the Crescendo Volume 2, Decca 8169. This is a pretty routine record that you could probably find pretty regularly for $10 or $20 at a weekend record show. This one sold for $103.50. How about: Billie Holiday, Lady in Satin, Columbia 8048? This was a 6-eye stereo pressing. Nothing special, right? This one sold for $157.55. As I was copying the picture of Giant Steps, I took another look at the listing. Someone asked about the label and this was the seller’s reply: