Monk’s Music: The $3,000 Question

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In our newsletter last week we re-raised the question about why a copy of Monk’s Music, Riverside 242, recently sold on eBay for more than $3,000. Here are some of the early responses:

 “Hi. Great newsletter by the way. I buy a lot of LPs from Atomic and watched that auction in disbelief. I corresponded with the Atomic crew after the auction asking them if there was something special I didn’t know about this particular LP and they said they were blown away at the price and had absolutely no explanation. My explanation is someone’s pocketbook is bigger than their brain Read more

A Scratch Is A Scratch Is A Scratch

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In the Jazz Collector newsletter a few issues back, we asked readers to give advice to eBay sellers. Here’s a comment from one of our subscribers: “I have some advice concerning scratches. Too often the word ‘mark’ is used as a catch-all for scuffs and scratches and whatever. If a scratch is present, call it a scratch. Don’t take if for granted that a non-feelable scratch is inaudible. Often a very thin non-feelable scratch is audible. I even own a few records with very feelable scratches that are actually inaudible. Nothing takes the place of play-grading whenever possible. Also, the definition of a scratch as one that ‘plays through fine’ can mean different things to different people. Some might assume it is completely inaudible, yet it could pop noticeably for a minute. All the seller meant was that it doesn’t skip. Being more precise can result in fewer misunderstandings.” – Elliot Forman

The Bird and Diz Discovery

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Three friends called on Monday to ask if I’d seen the article in Sunday’s New York Times about the discovery of the concert by Bird and Diz at Town Hall in New York from June 22, 1945.  Check it out here: Bird Lives! The Birth of Bebop, Captured on Disc. So I get the calls on Monday, rush home, read the article and then head out to my local Tower Records to pick up the CD. Alas, no CD. Also, no CD at Borders, Barnes & Noble or Best Buy.  So I ordered on Amazon. Still waiting for delivery. Which is a roundabout way of saying that I’m delaying the next newsletter a week, till I get back from vacation and have a chance to listen to this CD so I can share my thoughts with you.  I’ve got plenty of other stuff to write about, plus an updated Price Guide, so stay tuned on August 15. I’ll be offline till then, traveling in Europe. Have fun and happy record hunting.  – Al

A Few Items To View

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 After a few days off, I finally got to catch up a bit on eBay this week. Here are some of the items worth looking at today. If you check out the first item, from Atomic_records, you should also look at “View Seller’s Other Items.” As is often the case, this seller has a lot of nice records for auction this week.

 

Jackie McLean, New Soil, Blue Note 4013

 This is a new seller that has some interesting items at fairly high starting prices. This one, for example, is in nice condition, but it’s not an original pressing: Miles Davis, Cookin’, Prestige 7094.

 Here’s one that might be a bargain: Sonny Rollins, Sonny Boy, Prestige 7207. This is an original pressing. For some reason, this LP doesn’t command a high price. Some of the material was issued earlier, but some of it is new, including a beautiful version of “The House I Live In.” Does anyone know of  any other jazz version of this song?

Illinois Jacquet and his Tenor Sax, Aladdin 708.

An Urgent Call for Help For Michael Brecker

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I received the following urgent email from a friend the other day:

My brother-in-law is Michael Brecker.  He is 56 years old, a world famous jazz musician and 11-time Grammy winner but none of that matters now.  Please read the email below as it is a question of life or death.  Also, if you could please send this to everyone on your contact list, I would be so very grateful as would our whole family. Read more

In Search of the Highest Prices

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I was just tooling around eBay this morning and decided to do a quick search in the Jazz LP category sorted by “Highest Prices First.” I’d never thought to do a search this way and didn’t even realize it was an option. Here are some of the interesting items I found:

Here Comes Louis Smith, Blue Note 1584

Lee Morgan, Indeed, Blue Note 1538

Freddie Redd, Shades of Redd, Blue Note 4045. This is one of my favorite all-time LPs. I only have a Japanese pressing and have never owned the original. Will I bid on this? Perhaps. The price is $150 and the auction closes in nearly four days.

And here’s one you wouldn’t expect to see on a search of highest priced LPs: Louis Armstrong, Hello Dolly. This is from a seller with zero feedback. His asking price is $100. Think he’ll get it? If he does, I have a bridge in Brooklyn I’ll be auctioning on eBay next week.

Summer Slowdown in Jazz LP Prices?

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I keep waiting for signs of a summer slowdown in pricing and keep getting mixed signals. The other day there was the Thelonious Monk record that sold for more than $3,000 and, a couple of days later, the heavy prices on the two Horace Silver LPs. No slowdown there. But yesterday, there were some signs that things are not as hot as usual. For instance, here are several albums from Atomic_records that failed to even meet the reserve prices:

 Benny Golson, Gone with Golson, New Jazz 8235. Top bid of $67.

 Sonny Stitt, Stitt’s Bits, Prestige 7133. Top bid of $89.99

 Jimmy Raney, A, Prestige 7089. Top bid of $51.

 Art Farmer Septet, Prestige 7031. Top bid of $62.5

 My advice, if you’re a buyer, is to look up earlier pricing on our Price Guides and underbid on some items – particularly if you use sniping software. This might be a time to find some eBay bargains. 

Sterling Silver?

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A couple of months ago we wrote a brief note about a copy of Horace Silver’s Song For My Father selling for $334. The note started a discussion about changes in the jazz collectibles market wrought by eBay. Well, yesterday we were watching another copy of Song For My Father because we noticed that the bidding had gone over $150. The record eventually sold for $198. Not outrageous, but still pretty high. The one that surprised us this time came from the same seller. It was a copy of Silver’s Blowin’ the Blues Away. This one sold for $229.50 — bit it was a Stereo pressing, not a mono. Is there any explanation for this? If you have one, please send us a note or comment on the site.

Another Day, Another Price Barrier To Break

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I was sitting at work yesterday, taking a little break and browsing on eBay, when my friend Dan Axelrod called.

“Are you watching eBay?”

I told him I was.

“Did you see the Monk record?”

I did a quick search and there it was: A copy of Monk’s Music, Riverside 242, by Thelonious Monk. It was an original white label pressing in near mint condition being sold by Atomic Records. What was unusual about the listing was not the record itself, but the bidding. When Dan called the bidding had passed $2,000. When the record finally sold, the price was $3,061.50. It looked like a bidding war among four buyers.

Dan and I weren’t the only ones intrigued – amazed – by the bidding: This record was viewed 1,215 times, which is more than I recall for any other jazz record.

“I didn’t even realize this was one of the heavy hitters,” Dan said.

Neither did I.

I did a quick search of the price guide at 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?

If you have an explanation, send a note to us.  We’ll explore this one in greater detail next week when we send out our next newsletter.

 

Miles, Ben Webster and, Surprise, Nat Cole

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We’re not watching eBay as closely as usual. From the prices we’re seeing, we’re not aware if things are slowing down this summer, as they often do. Here are a couple of high-ticket items that would seem to indicate there’s not a slowdown. What about you out there: Are you noticing any changes in the market?

Miles Davis, Walkin’, Prestige 7076. This was an original New York pressing in near ming condition. Price: $261

Ben Webster, Music With Feeling, Norgran 1035. This was an original pressing with a beautiful cover illustration by David Stone Martin. Price: $285

I don’t normally watch Nat Cole LPs because they don’t really fetch collectible prices. So I was surprised, while skimming through eBay, to see this LP with a high price tag: Nat Cole, The Very Thought of You. Price: $113.50. Turns out this was not an original, but an audiophile reissue on the DCC label. This was a sealed copy.

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