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In Reply to: I had given up on thrifts.. posted by vinyl1 on December 17, 2005 at 13:54:33:
I have to visit the thrifts every week to get the minty stuff, otherwise it gets picked over here in Reno NV. I imagine that is played out by a factor of 1000 there in NYC.Even in Reno, the Beatles and Led Zeplins get pulled in the back and sold to record stores or ebay. I think garage sales and estate sales are better for the rarer finds.
Follow Ups:
We don't get crap here in Roanoke as there is a dealer who gets the gravy before anyone even sees it. He knows what he is doing too and also hits ALL of the private sales as he does this for a living. Tough to find anything but being at the right place at the right time can be magic. He's just one guy and can't be everywhere at once!
-Bill
...and pays fair wholesale, which is 20-25% for collectibles.You can imagine the effect such a guy would have on an elderly widow with a big collection she knows nothing about. He goes through 1000 LPs, picks out the 50 he wants, and hands her $1500 in cash. He explains that the rest are worthless, and that she can safely sell them for $1 each or give them to Goodwill.
Of course she'll tell all her friends, and word will spread. It doesn't matter when he gets $6000-8000 on eBay for those 50 LPs. That's the lawful fruit of his knowledge and work.
Of course, this principle does not apply at record shows, flea markets, thrift shops, and tag sales. The seller proclaims himself a dealer, and sets the price. You are free to use what you know to pick out any bargains you may find.
Or maybe not. I have heard these guys brag how they tell widows that the signed Louis Armstrong is only worth a couple of bucks! Buys the whole 1000 for $50 or there abouts, puts $50 a record on them.
He just asks them what they want for them and either buys them or leaves them. He once bought a full stack of very rare sealed Lp's from the artist's mother (maybe 8 total) and sold them for about $5k each. I don't know what the title was but that was a coup. With the proceeds, he bought a brand new chevy van which he still drives and dones with the vanity plate "ALBUMS". I have only bought one item from him personally, a Beatles two lep set (the "Red Album") which was a German pressing and he revealed that fact in case I didn't want it. He is meticulous and describes his stuff fairly by my accounts. He also bought a couple of Lps from me recently after learning that I had some here in my shop for sale and paid me $5 for one and $3 for the other. I set the prices. He probably makes about ten times that when he sells them. That's fine by me; it's his deal. It just sucks that those guys get the gravy from many of the shops and leave the dregs for poor slobs like us! One good thing though is that he doesn't really bother with classical unless he recognizes $100's of dollars worth for an Lp. He is really sharp for Rock Lp's and can go though a huge stack in only a few minutes.
-Bill
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