What Moves the Vinyl Market? Who the #$%* Knows

So this auction closed the other day: Hank Mobley, Blue Note 1568. This was in VG++ condition for he record and M- for the cover and did not have the New York 23 label. The final price was $5,127.51. Interesting that the following record, from the same era, is somehow valued at more than $4,000 less than the Mobley: Cliff Jordan, Blue Note 1565. This was also an original pressing, probably in VG++ condition for the record and maybe VG+ or VG++ for the cover. It sold for $897.69. Still a hefty price for sure, but still the discrepancy is quite a spread. Do you think there are really that many fewer copies of the Mobley available on the market? Or is it hype that the Mobley record is widely known as one of the rarest of the rare? Or is it that the Mobley simply a better record? There’s really no way to make judgments about these things, IMHO: The market is the market and that’s what decides the value. So, whatever the reason, the market has deemed Blue Note 1568 to be perhaps the most valuable jazz record of the Jazz Collector era. Ours is not to reason why, ours is just to sell and buy (or something like that).

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A Heavyweight Quartet

We are watching some real heavy-duty collectibles on eBay now, starting with Hank Mobley, Blue Note 1568. This is one of those quasi-original originals depending upon your point of view. Translation: It doesn’t have the New York 23 on one side of the label. Whether that makes it less original is probably not the point. What we have learned over the years is that it makes it slightly less valuable to collectors. No tears are being shed for this seller, however. The record looks to be in around VG++ condition and the cover is M-. The bidding is more than $2,600 with less than a day left. This copy has been around the block a few times, and is the same one that ostensibly would have sold for more than $11,000 back in 2015 but obviously did not actually sell at that time. Sometimes it’s hard to keep up with the goings on at eBay, even for someone like myself who follows things fairly closely.

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What Happens? Records Sell for High Prices

Art Farmer Jazz VinylOnce again we find another record that is unfamiliar to us, this one sent in courtesy of our friend CeeDee: Art Farmer and Phil Woods, What Happens?, Campi SJG 12001. This was an original Italian promo pressing from 1969.  It was listed in M- condition for the record and  VG++ for the cover. It sold for $355. I did a quick search to learn more about the record but pretty much came up empty. That’s why it’s nice to have the Jazz Collector community weigh in with our collective knowledge. So, friends, what’s the story behind this record and the label?

I think a lot of us had our eye on this one: Hank Mobley, Blue Note 1568. This was an original original pressing, with the New York 23 on one side. The record and cover were both listed in VG+ condition. The final price was $3,998. There were 11 bidders. Given the rarity of this record, the price of nearly $4,000 seems to be market-appropriate, even with the VG+ condition. Based on the description, I’m sure the buyer is expecting this to be somewhat under-graded, particularly since there can be such a wide span within the VG+ category, don’t you think?

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A New One (to Me), and An Old One With a $5,000 Tag

Joe Pass Jazz VinylIt is always a great pleasure, and often a great surprise, to come upon an album that is completely new to us. After all, we’ve been collecting jazz for more than 45 years, so you’d think there would be no surprises left. Well here’s one: Joe Pass, Better Days, Gwyn Records 1001. This is a stereo pressing from 1971 and I had never seen it, never heard of it and never heard of Gwyn Records. Fortunately, there is Google, and this post from Carol Kaye, the great Los Angeles-based studio bassist who was part of the group of musicians that came to be known as The Wrecking Crew. Apparently it was Kaye herself who conceived of the album and produced it. I’ve never seen it or hear of it, although, to be fair, I am not a collector of Joe Pass records on any level. This one is listed in Ex+ condition for the record and Ex for the cover. The price is in the range of $275 with about a day and a half left on the auction as of this writing.

There’s always a lot of debate around here on the value of having reserve prices versus just starting an auction with your lowest acceptable price, or some reasonable facsimile. So here’s one that caught my eye:

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More Rare Jazz Vinyl, Of Course

Hank Mobley Jazz VinylLet’s start the day with one of the rarest of the rare, although as rare as it may be, copies seem to be up on eBay quite often: Hank Mobley, Blue Note 1568. This looks to be an original pressing with the West 63rd Street address and, for those who really care, the New York 23 label on one side. This copy is listed in VG++ condition for the record and VG++ for the cover, although based on the pictures the cover may be more in the VG+ range with some damage on the back. The seller is not an eBay regular and has only 11 feedbacks. This one closes Saturday night and is currently in the $2,000 range.

While we’re on Mobley, there is also: Hank Mobley Sextet, Blue Note 1560. This is an original pressing with the West 63rd Street address, deep grooves, Van Gelder, ear, etc. This one is listed in VG++ condition for the record and VG+ for the cover. The start price is $1,250, but so far there are no bidders.  This seller has three other records on eBay now, all with starting prices of more than $1,000, all with zero bids as of now. One more, for the record: Bill Evans, Waltz For Debby, Riverside RS 9399. This is an original black label stereo pressing. It is listed in M- condition for the record and VG++ for the cover. The start price is $1,100.

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All I Want for Christmas

Redd copyActually, I don’t even celebrate Christmas, but that’s quite beside the point, isn’t it? I spent a couple of hours today just looking at my records and going through the shelves, one by one. It’s a pretty damn good collection, I must say. Although it is not complete. Not even close. So, when I do look at the collection, what’s missing. Or, more to the point, if I were to make a Christmas Wish List, what would I put on it? Here we go, all original pressings, of course.

1. Freddie Redd, Shades of Redd, Blue Note 4045. Yes, I’ve been searching for this record for years, and yes, I could just pay the price and buy a copy on eBay. But that takes out all of the fun. Now, if The Lovely Mrs. JC would be interested in a gift for my upcoming birthday, I wouldn’t complain about that at all, no matter what the price.

2. Lou Donaldson, Quartet, Quintet, Sextet, Blue Note 1537. No the list will not be all Blue Notes, but it could be if I wanted to go there. This happens to be another favorite. I’ve owned a Japanese pressing for years. Two, in fact. But an original on my shelf would be quite appealing.

3. Hank Mobley, Blue Note 1568. No I don’t have it. If I did, whenever someone would ask me what’s the most valuable record in your collection, I could point to that. Right now, when someone asks, I don’t know exactly what to say. The music is pretty good too, no?

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How Much Would You Pay For These?????

Hank Mobley Jazz VinylWhilst I was away there was some email, as usual, so let me get to some of that as long as I am catching up. Clifford sent me a note under the subject “1568 Comedy Watch,” with the accompanying text: “I don’t know if people are getting bored with these, but I still find 1568 auctions fairly amusing/interesting.” Attached was this link to Hank Mobley, Blue Note 1568. The auction as over and the final price was $960. Was it a copy you would actually put on your turntable? Not me. The record was listed in G+ condition. Was it a record you’d be proud to display on your shelves? Not really. The cover was in VG- condition with water damage and small seam split. Was it a record you’d spend $960 on, so you could say you own a copy of the rarest of the rare Blue Notes? Clearly, there was at least one buyer who would say amen to that. It was funny seeing this email from Clifford, because just a few minutes later I got a separate email from Mike with the same link and the following question: “I wondered if you or your readership would be willing to part with US$960 for BN1568 in this condition? Speaking for myself, Read more

Updating the $1,000 Jazz Vinyl Bin

Blue Train jazz vinylLooks like we’ll be updating the $1,000 bin this morning, starting with John Coltrane, Blue Train, Blue Note 1577. This was an original pressing with the New York 23 on one side. The record was listed in VG++ condition and the cover was just VG. No matter, it seems, because these New York 23 Blue Trains are quite hard to find. This one sold for $1,666.

No surprise seeing Blue Train in the $1,000 bin. This one, which I mentioned yesterday, was a surprise, not that it sold for more than $1,000, but that it sold for more than $1,500: Hank Mobley Quartet, Blue Note 5066. This was only in VG+ condition for the record and the cover, and when we looked at it yesterday the price was around $460. The final price was $1,525.

Here’s one that may have a chance at making the $1,000 bin:

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Ruminations On The First $11,191.63 Jazz Record

Mobley copyI can’t quite leave that $11,191.63 Hank Mobley Blue Note quite yet. It’s still pretty mind boggling. I spent some time looking at the seller’s site and reading their blog. They do a very good job of presenting information and marketing themselves as more than just dealers but as preservationists and aficionados. They also had a blog entry explaining the provenance of the NY 23 and why collectors shouldn’t consider one label as more original than the other. Of course, collectors are not necessarily a fully sane bunch, and I include myself in that category, so no offense intended. So, kudos to the sellers for doing a great packaging job, including the pictures, descriptions and overall presentation I then looked at the bidding on the record and the big surprise was that the two bidders who pushed the record into the stratosphere

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A Stroll Down Miles Davis Way (And More)

Miles copyI think my work workload is slowing down so, not making major promises, but I think I’ll be back to posting more regularly. At least I certainly hope so. In the meantime, it’s nice to see everyone commenting and keeping the action alive. I was able to swing over to eBay and add some items to my watch list. This is a great record, and one that has certainly gone up in value in the past few years: Miles Davis, Relaxin’, Prestige 7129. This is an original pressing in M- condition for the record and the cover. The seller was able to get some great pictures, which aways helps. The bidding is now in the $440 range and the auction closes later today. I had Miles on my mind because I was just taking a walk in my neighborhood and passed a street called “Miles Davis Way.” Yes, I live near Miles Davis Way. Nice, huh? 🙂 It is a single block — 77th Street between West End Avenue and Riverside Drive on the Upper West Side of Manhattan. Miles had an apartment there at 312 West 77th Street. Apparently there was something of a battle to get the street named after Miles, who lived there for about 25 years and enjoyed hanging out on the stoop and chatting with neighbors. Miles? Man, I would have loved to have seen that. Next time I pass the sign, I’ll take a picture and post it here.

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