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There have been many news stories in recent years,about large collections coming 
up for sale,and they are usually all overinflated like that. 


Roger

 





________________________________
From: Shai Drori <[log in to unmask]>
To: [log in to unmask]
Sent: Wed, August 18, 2010 12:41:34 PM
Subject: Re: [ARSCLIST] music man murray record collection & Murray Gershenz, 
music collector extraordinaire, is parting with his entire music library.

In the TV run they said his collection is worth 3-4 million. How much do you 
think it is actually worth?
Shai

On 8/18/2010 5:51 PM, Tom Fine wrote:
> The big issue with huge "collections" of mostly used records owned by these 
>long-time stores is that 90+% of the gross weight is either worthless or 
>near-worthless. The smart few of these guys put that 90% of gross weight at the 
>curb and let the accumulators vaccuum it all up. Then they carefully sell off 
>the valuable 10%, either to long-time collector/customers or via a wider 
>marketplace like eBay. If a person owns a record store that long and doesn't 
>know in his heart of hearts that 90% of the gross weight is worthless, he's 
>first of all deluding himself and second of all it's a miracle he's stayed in 
>business long enough to become an "institution."
> 
> By its very nature, a used record store must be an accumulator. The business 
>model works if you continuously have a nice valuable 10% moving at high prices 
>and if your rent is cheap enough to use the other 90% to attract accumulator 
>traffic and to look like you have a vast inventory of "treasures."
> 
> Don't get me wrong, the 90% has some value to someone. Just not any of it 
>monetary. I always troll the dollar bins and free bins at used record stores, 
>mainly to find better-condition covers to records I have where the vinyl is 
>great but the cover is shot (and I probably therefore got it for a huge 
>discount). There was a decorating fad a while back, popular enough to make it to 
>the NYT style section, that seriously crimped this MO. The kids were into buying 
>up dollar-bin LPs to frame the cover and hang them on the wall. Suddenly, 
>competition for my good-condition dollar covers and novelty covers! The fad 
>seems to have passed, based on recent success in the dollar bins.
> 
> -- Tom Fine
> 
> ----- Original Message ----- From: "Aaron Levinson" 
><[log in to unmask]>
> To: <[log in to unmask]>
> Sent: Wednesday, August 18, 2010 11:05 AM
> Subject: Re: [ARSCLIST] music man murray record collection & Murray Gershenz, 
>music collector extraordinaire, is parting with his entire music library.
> 
> 
>> There is a reason why it is such a massive collection in the first place-no one 
>>wants it for a patently ridiculous price! Does this all seem vaguely reminiscent 
>>to a guy with a warehouse in Pittsburgh?...Someone needs to tell these guys that 
>>we are in the greatest economic downturn since Black Friday and that whatever 
>>you thought you had and how much you (wildly) imagined it was worth, things 
>>ain't what they used to be.
>> 
>> AA
>> 
>> 
>> On 8/18/10 1:42 AM, Michael Biel wrote:
>>>  It is interesting that both these postings and the article and TV piece all 
>>>refer to the stock of a retail store as a "collection".  Over on the 78-L there 
>>>have been comments from several who have been customers and know this shop well 
>>>that the prices he asked were too high, and even the reduced price he is now 
>>>asking for the whole stock is still too high considering that it has been pawed 
>>>thru by thousands of collectors for 50 years.  I suppose that if your prices are 
>>>too high, a store's "stock" becomes a "collection"!
>>> 
>>> 
>>> On 8/16/2010 7:22 PM, Rod Smear wrote:
>>>>> This came up in today's LA times article about a local gentleman here who is 
>>>>>looking to unload his masssive collection. Apparently from edison cylinders to 
>>>>>LP's. Don't know if anyone might be interested or know someone or organization 
>>>>>willing to buy collection. Sorry i don't have a link. I guess google LA times 
>>>>>Music Man Murray records?  Rod Smear
>>>>> 
>>> Here's the link.
>>> http://www.latimes.com/news/local/la-me-music-man-20100816,0,5301372.story 
>>> 
>>>> From: Gerald Segall<[log in to unmask]>
>>>> 
>>>> Murray Gershenz, (aka "Music Man Murray"), after having amassed a lifetime of 
>>>>rare and collectible 45s,  78s, vinyl LPs, and CDs, is sadly selling his entire 
>>>>collection's contents, for any prospective buyer interested in these 
>>>>hard-to-find musical treasures. As news anchor Glen Walker of KTLA News remarks, 
>>>>"...building a music library that attracted those who made the music." If only a 
>>>>public, college, or university library could acquire such a precious collection 
>>>>for the benefit of use by all music lovers, patrons, music students, music 
>>>>scholars, and historians.
>>>> 
>>>> http://www.ktla.com/videobeta/?watchId=f773a6ed-bf4b-4b32-a437-0a5771774e91 

>>> 
>> 
>