Ebay Watch: Prices are Down, Another Cycle?
If you’ve been sitting on the sidelines on eBay waiting for prices to come down, now may be the time to jump in. I don’t have any hard data, but I’ve been watching eBay almost every day for a while and it’s clear that prices for jazz records are down quite a bit from where they were 12 months ago, six months ago, even three months ago. I see it less in the highest-end collectibles, and more in the second-tier records, which either are not selling at all or are selling at lower prices with fewer bidders. I’ve seen these cycles come and go many times before and just when you think, uh-oh, the bottom’s going to drop out of the market, there’s a resurgence. And, given the state of the worldwide economy, it should be no surprise that prices of collectibles would go down. Still, there’s always the concern: Will the market come back again this time, or is there something more fundamental going on? What do you think?