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I agree. Especially because you need space to house it.

DrG

On 8/18/10 10:59 AM, Cary Ginell wrote:
> Without having seen the entire collection and going on what similar "pawed-through stock" has gone for, I'd be surprised if anyone gave as much as $50,000 for it. I may be off-base, but in this economy, it wouldn't surprise me in the slightest if no offers at all are received.
>
> Cary Ginell
>
>> Date: Wed, 18 Aug 2010 20:41:34 +0200
>> From: [log in to unmask]
>> Subject: Re: [ARSCLIST] music man murray record collection&  Murray Gershenz, music collector extraordinaire, is parting with his entire music library.
>> To: [log in to unmask]
>>
>>
>> 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
>>>>>>
>>>>>
>>>>
>>>
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