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$500, cash money! Dave Weiner -----Original Message----- From: Association for Recorded Sound Discussion List [mailto:[log in to unmask]] On Behalf Of Shai Drori Sent: Wednesday, August 18, 2010 2:42 PM To: [log in to unmask] 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 >>>> >>> >> >