Watching A Miles 10-Inch Not Sell
Here’s one we’ve been watching with some degree of interest:
Miles Davis All Stars Volume 1, Prestige 196. There’s been a lot of discussion on the site about the level of interest in 10-inch LPs and how it may be waning, even among the most devout collectors. I noticed this one a few weeks ago because it’s a great record with a great cover and the vinyl was in M- condition, perhaps unplayed. The cover looked like something we would rate as VG+, with a partial seam split.
This was first up for auction a couple of weeks ago and received a top bid of $107.50, which failed to reach the seller’s reserve price. The seller put it up again this week and got a top bid of $91.03, also failing to reach the reserve price. So, could we conclude, in today’s market this is now a $100 record?
Well, it is always a surprise when a Prestige album doesnt sell, but remember what we said about 10 inches…I don’t think prestige 10inches are really sought after. I mean sought after by every collector. For example i have not, and i do not plan to spend money for that. So once every collector that really wanted it has it, there is no market for it. Especcially when not NM/NM
in other words, the market is extremely thin. I saw a John Coltrane original BLP 1577 NM go yesterday for 400+, whereas 1 month ago the same went for 1200+. As Michel rightly says, the number of people, who are still looking for the same item, diminishes and consequently, when demand is satisfied, there will be no market at all.
Moreover, 10″s are not en vogue anymore. I for one, am very happy with my collection of 10″ Blue Notes, the first liner notes, art work etc. I prefer my 3 Miles Davis and 3 J.J. Blue Note 10 inchers to the corresponding 2 volume 12 inchers. It is a matter of habit: my first record albums were 10″, later on I switched to 12″ and got rid of all my 10 inchers. A decision I bitterly regretted 20 years later. I have them all back now, after much effort and at high costs.