J-Lo has obviously never been into collecting rare vinyl if she thinks that statement is really true. The hunt for rare vinyl and the hefty prices paid is not something that is a new issue for the vinyl junkies of the world. Ever since the days of Northern Soul silly money has crossed palms for that hard to find 12″. So why have I chosen to talk about it now? Well, it just never really affected me that much before. For a lot of my record collecting years I was in college or working crummy enough jobs that didn’t give me the freedom to buy a lot of vinyl, let alone dish out a wad of cash for an old rarity I desperately wanted. Now that this facete of record collecting is within my realm I’m dealing with a mixture of emotions; excitement, confusion and frustration.
A couple a months ago I picked up a copy of MC ADE – Bass Mechanic – a repress, no less, from 1987, the original came out in ’86 – for 10e in the 2nd hand bin in a shop in Dublin. It’s a pretty good Miami bass record, worthy of a tenner, but I wouldn’t pay anymore. On returning home I went onto Discogs to catalogue it in my collection and as one does I’d a look at how much it was going for in the marketplace. There were a couple of copies going for up on $50. It’s always nice to see that you’ve found a bit of a bargin, as bins are a great place to find that odd copy of a rare 12″ where the shop owner is oblivious to its rarity. BUT, there was no ignoring the fact that there were also a couple of copies on-line going for the same price I paid. The idea that you can convince people that a record is truly rare just by sticking a bigger price tag on it is a fairly annoying trait. What’s amusing is that the people looking for $50 are seemingly ignoring that the same record can be bought for a 3rd of a price. Are they just going to wait it out till those copies disappear and then snare someone in a year or two? That just sucks.
Ok, I seem to be getting a little riled up over one old electro record that I actually got for a good price but I was using that as just a small example of a bigger epidemic. As any regular readers know, I’m a bit of a fan of Italo. This is one genre where the increased hype over records is simply pricing many people out of owning them, and it’s getting worse and worse. One example I can give to you is the super rare Ryvon D.J. – I’m Gonna Dance. In 2 years auctions of it have seen it’s worth increase by over a thousand dollars. Sellers are exploiting the demand for records like this, they will increase the starting price on ebay, or they will add another 50 bucks on to it’s tag on Discogs, compared to how much the last copy went for.
It’s this type of situation that gives rise to the plethora of bootlegs that many have problems with. Can you really blame some people for buying bootlegs when they have no chance of getting a copy of the original? Of course there are labels such as Radius and Flexx who sell official represses for normal 12″ prices. But recently a couple of labels such as I.D. Limited have started repressing rare Italo 12″s and are selling them for 15e a pop. It’s more than admirable that the people behind these releases are going about things the right way, sorting out rights and publishing and packaging the releases really well, but they are going for as little as 15e and upwards to over 20e. In a time when vinyl sales are dipping drastically they are managing to price themselves out of the market. I know of shops that are wary of ordering them in ’cause they are so expensive and people who shop on-line are hesitant to buy them due to their tag. There are of course some of us who are willing to pay that little bit extra for a quality repress over a shitty bootleg but these records, which have fairly limited runs, aren’t selling out either even though the demand for Italo has never been higher.
If one was to be cynical you could see the higher prices for these new represses as a label maybe joining in the exploitation that has stemmed from some dubious actions from sellers on sites such as Discogs. If originals are going for inflated prices are they then thinking that they can charge a few more notes for a decent repress? But this isn’t the biggest crime, and as I mentioned these represses are very good and some of the music they have dug out goes for up on 2-300euros on ebay/discogs etc.
But realistically should the originals be going for such prices? There are quite a few chinese whispers going around about the dubious actions of at least one seller on discogs, where they’ll buy up a rare Italo record on ebay and then go straight to discogs and instantly throw another 50 or 100 on to what they paid. It’s been suggested also that they could have a couple of copies and sell one for a little less, so they can then ad that extra 50e on to the next copy they put on the market. If you are reading this and you are doing this on a regular basis, please, go fuck yourself. I’m not advocating that old rare 12″s should all go for a tenner, people – including myself – are willing to pay quite a bit for certain songs but it just makes me sad that people are taking the piss out of music fans. I’ve always advocated the idea that you can’t have every record you’ve ever wanted, you should have to fight to create your collection. It would all become very dull if we all had the same music but there is a limit to how much you should have to fight, and it shouldn’t have to be at the behest of fuckers ripping you off just because they think they can. Hopefully with the way the world economy is at the moment and people tightening their belts world wide these sellers trying to bleed people dry are going to be left with stock they can’t push and will have to reduce their prices. But it’s also dissapointing that this is could be the only situation that will see some of this music become available at reasonably expensive prices, not ludicrous ones.
11 Comments
What a weird post? Records are traded like anything else. People make a living out of trading objects. Traders manipulate markets. I just don’t see the point of your post mate?
newsflash – records cost money.
All I was saying is that at the moment it’s gotten very bad. If you read my post I never say that they should be all going for nothing – I say quite the opposite. I know it’s not going to change but there’s an awful lot of shite going on on discogs. Maybe i’m not being clear, sorry.
People sometimes ask me how I manage to afford to travel all over the place chasing italo, and the answer is because I don’t collect vinyl. Collecting vinyl is like having a heroin habit. It’s expensive and always leaves you wanting more.
That said, I’m glad you guys do it for me. I’m always so happy when I hear a DJ lashing on some absolute gem. So don’t ever stop, even if you are going broke.
I think your story is not quite right. Yes, I´m one of the guys from ID Limited and the records on ID Limited cost 13,90 each not 15 or 20 Euro. A reasonable price considering that we have the original rights, the original masters when possible and nice picture sleeves. We started this label and other ones like i Venti and Delivery records for the love of this music, not for the money! And mind you, we are selling!!! Our first releases Swan – Shining star was sold out within 4 months – 300 copies and we repressed and again still selling quite good. The ID Limited tracks are also hard sellers – Buckingham Palace totally sold out (300 copies), Bruno Mosti and Dario dell´Aere almost sold out and the new ones are also peaking the salescharts. So we don´t agree with you opinion, it´s a niche market and the real fans are willing to pay that low price considering such small quantities and great soundquality!!!
Well that’s good that they are selling obviously, and I said I’ve not really got a big problem, I complemented you in the piece and I’ve bought your releases. And I was also playing devils advocate by saying if one wanted to be cynical about the situation they could come to that conclusion. but my prices are purely from my own experience, from where I buy a lot of my music; clone. for example the Fred Ventura pic disc on Delivery was 22.99e on clone and the normal one was 14.99e, the price of all the others on those labels.
I posted my reply on the Euroflash site forum. There I’m mainly talking about expensive italo.
Hey Kenny,
I just wanted to let you know that I am taking a considerable price cut from my distributor in order to keep my labels vinyl represses at the current going prices. Therefor I am awesome! 🙂
I will also tell you to save your money, take at trip to America, search every second-hand store, small mom&pop shop, and swap-meet you can. Get the craziest shit ever for .50 or a dollar! (this is probably not realistic but you can still find amazing vinyl for dirt cheap in America)
Scott, I’m heading to Chicago and Detroit over Memorial Weekend, so much digging will be done. 🙂
I can understand where you’re coming from kenny. I love italo as well but my actual vinyl collection in that genre is pretty tiny because the good stuff is so damn expensive! Still, I’m happy that youtube now seemingly has an infinite italo repertoire to allow me to listen to some rareties (albeit in crappy audio).
it’s like that Moskow – Come Back auction I showed you recently Kenny, over a grand for the 12″ when you can find the 7″ for next to nothing!!?? that’s just madness