Selling up ... Question

[Ian Parker]

The time has come....  after a lifetime ,  I’m selling up . 

    I have some belting records , some a tenner, some considerably more. All the big Motown, some lovely uk stuff, some top 500 (lots actually) . 

  What will be the best way?  I would take 5k as a Job lot.  I’ve done a conservative estimate of 8k , last night .   All Grapevines included.     Help

[The Tempest]

Plenty of dealers out there who buy whole collections 

My singles collection went to Pat Brady 15 yrs ago and I was very happy with what I got - I choose him because he was the closest dealer to me at the time 

Still got my albums and 12” collection for a rainy day 

So you either get rid in one full swoop and take a hit on the mark up for dealers or sell individually if you have the time which means all your big ticket and expensive items will fly and you’ll be left trying to shift whats left with people haggling and eventually eBay ! Where you will have to pay the fees in the end ! 

Good luck 

Edited July 27, 2019 by The Tempest

[Steve Foran]

Pete Smith is very fair. 

[Dylan]

I’d put a bit of time and effort into selling the most in demand and valuable records individually then slowly loose the will to live with shifting the rest and end up keeping it.

[Ian Parker]

those comments above, are my thoughts/worries too.

   i'll start listing the 'better' stuff

[Jazz]

Pete smith also rob smith neither will mess you about and always fair we dollar

[Dylan]

11 minutes ago, Ian Parker said:

those comments above, are my thoughts/worries too.

   i'll start listing the 'better' stuff

I’d say if you rate it at 5k you could get 3k with not much effort but that last 2k would be the struggle.

the great cheap records how ever good just don’t bring in money like the big ticket 3 figure records.

[Ian Parker]

[Winsford Soul]

Ian. Would recommend Chris Anderton to anyone.  Top guy.  Midas touch records and he's on here. 

Steve 

[davidwapples]

I was offered about 35/40% of the market value when I enquired about selling up a few years ago , not the book value.

 

Dealers will take the good oldies they can flip out quickly for a bit more but low ball or refuse the lower price stuff I have found.

 

I sold off most of my records above £50 and bought some others that were a lot cheaper.

 

Sell the rare stuff yourself then do some small packs with the rest to shift them quickly

[Ian Parker]

22 minutes ago, davidwapples said:

 

Sell the rare stuff yourself then do some small packs with the rest to shift them quickly

i will do that,   good tip

[Stephen Houghton]

I'll take the jackie Lee, darkest days. Been after for years, thanks steve 

[David Smith]

Depends on how much time you've got. Some very fair dealers out there but there has to be some value in it for them on the big ticket ones and they're taking a chance on the others kicking around for ages. If it were me I would sell the big tunes myself through here or FB sites to maximise the value. I think doing packs of cheaper stuff is a great idea. 

[Guest Shufflin]

Hi Ian I'd certainly like to see a sales list of the rarer & top 500 stuff

[Stephen Houghton]

Have you decided if your gonna part with jackie Lee yet fella 

[Blackpoolsoul]

On 25/07/2019 at 10:26, Ian Parker said:

The time has come....  after a lifetime ,  I’m selling up . 

    I have some belting records , some a tenner, some considerably more. All the big Motown, some lovely uk stuff, some top 500 (lots actually) . 

  What will be the best way?  I would take 5k as a Job lot.  I’ve done a conservative estimate of 8k , last night .   All Grapevines included.     Help

Andy Dyson said to me once "only sell if you really really need the money" "If you have a collection and want a fair price go for 50% of Manships"

This was before the days of Discogs. You can always put them on there for 6 months to see, unless you are "in a rush" and cut out the dealers

[Richard]

Don’t you need to register for vat to sell on discogs?

[Blackpoolsoul]

7 minutes ago, Richard said:

Don’t you need to register for vat to sell on discogs?

This is the VAT stuff

https://support.discogs.com/hc/en-us/articles/360001576374-Discogs-VAT

[Joesoap]

I'd list the rarer stuff on here tbh. Sold loads here (mainly under a previous account) and hardly ever had a problem other than massively regretting doing so now!

Unless you need the money, I'd recommend putting them away somewhere for a couple of years and see if you miss them. Because once they are gone, at today's prices, you can forget getting them back!

Good luck!

 

 

[Frankie Crocker]

Tricky decision. Big call. Generally a move that sellers regret making. How badly do you need the money? How often do you play the records and how much pleasure do you gain from this? Probably best to let the big ticket items go one-by-one, ideally on here at set-sale prices or on consignment with any of the main dealers. That way, you could realise several K and still retain the bulk of the collection. Would be good to see a list of higher end records to drool over.

PS. Always regretted selling my pop collection in 1974. Always regretted selling the bulk of my Northern collection in 1978.

Edited August 16, 2019 by Frankie Crocker
typo

[Tomangoes]

I think discogs would give an average price per record, so is that how you came up with £8k? Or did you get it via Manships price guides?

Assuming you have about 400 records at an average £20 each out of the box, it could take a year to sell individually via eBay etc.

Have you ever seen a poor record dealer? 

My advice would be to mark up at full price and do a dozen nighters or dayers where punters can sell, for free, and be prepared to discount 10% to 20% for cash in hand.

Don't get mugged on the way home:)

Don't be tempted to trade....or you will end up with a different record collection, and no money!

Ed

 

 

[Amsterdam Russ]

11 minutes ago, Tomangoes said:

I think discogs would give an average price per record...

 

They do. If you have a Discogs account and create a 'Collection', it'll provide you with the minimum, median and maximum prices records have sold for. Minimum prices can be inaccurate as they often reflect the price of a disc when it was first listed on the site, and as we all know, prices have rocketed during the last couple of years.

But it can also be the case that the disc has only been listed for sale once some time back and the price from then no longer reflects the market value today.

What it all means is that the min and max prices can vary wildly. At the same time, the median price for individual items can be out of date relative to current market price. In my case, the difference between the minimum and maximum sales value of the few 45s I've added to my Discogs 'collection' is greater than 100%!

[Girdwoodinc]

41 minutes ago, Amsterdam Russ said:

They do. If you have a Discogs account and create a 'Collection', it'll provide you with the minimum, median and maximum prices records have sold for. Minimum prices can be inaccurate as they often reflect the price of a disc when it was first listed on the site, and as we all know, prices have rocketed during the last couple of years.

But it can also be the case that the disc has only been listed for sale once some time back and the price from then no longer reflects the market value today.

What it all means is that the min and max prices can vary wildly. At the same time, the median price for individual items can be out of date relative to current market price. In my case, the difference between the minimum and maximum sales value of the few 45s I've added to my Discogs 'collection' is greater than 100%!

you can also see what recent sales went for along with the conditions they were - I find this really handy

[Dylan]

1 hour ago, Tomangoes said:

 

Assuming you have about 400 records at an average £20 each out of the box, it could take a year to sell individually via eBay etc.

 

That’s the value of record that is very time consuming and slow moving to sell.

 

in my experience it’s not until they are three figure records that they sell for very little effort.

 

unless you are planning to sell at a price below all others.

 

[Amsterdam Russ]

23 minutes ago, Dave Girdwood said:

you can also see what recent sales went for along with the conditions they were - I find this really handy

Absolutely - very handy indeed.

[Modernsoulsucks]

26 minutes ago, Dylan said:

That’s the value of record that is very time consuming and slow moving to sell.

 

in my experience it’s not until they are three figure records that they sell for very little effort.

 

unless you are planning to sell at a price below all others.

 

I think I disagree with that.

I've just sold around £520 worth in 24 hours all averaging £20. Quite a lot of albums in that though.

I think the reason a lot of £20 stuff doesn't sell nowadays is that in fact they vary from bloody awful to £5/10.

Priced right stuff sells usually.

I say usually as I reckon I should have sold my Lee Rogers demo at £20 off last list especially as I then see it on here a couple of days later for £75 ! 

 

[Dylan]

3 minutes ago, Modernsoulsucks said:

I think I disagree with that.

I've just sold around £520 worth in 24 hours all averaging £20. Quite a lot of albums in that though.

I think the reason a lot of £20 stuff doesn't sell nowadays is that in fact they vary from bloody awful to £5/10.

Priced right stuff sells usually.

I say usually as I reckon I should have sold my Lee Rogers demo at £20 off last list especially as I then see it on here a couple of days later for £75 ! 

 

I think that reply touches on a couple of points that I was getting at with my initial response.

 

i’ve been slowly selling bits and pieces for a couple of years now and based my answer on my own experiences.

 

i do agree I see lots of 5 to 10 records listed for 20.

 

my last small list on here I only sold one record.  

[Modernsoulsucks]

I find it good for selling on here.

Got rid of 16 out of 26.

[Dylan]

3 minutes ago, Modernsoulsucks said:

I find it good for selling on here.

Got rid of 16 out of 26.

The doing me right on Pearce you listed is a very good price.  Surprised that didn’t sell its a very nice blue eyed soul record.

 

[Len]

On 27/07/2019 at 14:22, Blackpoolsoul said:

Andy Dyson said to me once "only sell if you really really need the money" 

I used to think that, but my experience of selling a few to pay for a holiday (rather than for feeding the kids as it were) was very liberating. So, choosing to sell to spend the money on something nice is something I don't think many would regret.

Good luck with your sales Ian.

All the best,

Len 

[Dylan]

5 minutes ago, Len said:

I used to think that, but my experience of selling a few to pay for a holiday (rather than for feeding the kids as it were) was very liberating. So, choosing to sell to spend the money on something nice is something I don't think many would regret.

Good luck with your sales Ian.

All the best,

Len 

And once you’ve sold a few it makes the next few easier.

 

you can still enjoy the music without owning the vinyl.

[davidwapples]

Would you make as much selling the rare and in demand ones yourself and getting 100 percent of the money than letting the dealers pay 50 percent on the whole lot? 

If you list the grapevine set in one go that should geta fair bit.

If you sell yourself you may not need to sell them all to get the amount you need

You can replace most tracks on cd reissue 45 or mp3 cheaply or if its a v rare one or acetate get a carver cut before sale

[Dave Pinch]

get on facebook to sell..i`m on at least a dozen selling pages and do well on there..still sell a few on here but not nearly as successfull as i used to be

[Chalky]

On 27/07/2019 at 14:55, Richard said:

Don’t you need to register for vat to sell on discogs?

no

[Dave Pinch]

On 27/07/2019 at 14:55, Richard said:

Don’t you need to register for vat to sell on discogs?

a selling account on discogs is easy to set up and doesnt cost..but if you sell you get the paypal fees naturally at 5% and discogs charge 8% so thats 13% swallowed up..so you can either stand that or put your price a little higher to try and cover it

[Blackpoolsoul]

32 minutes ago, Dave Pinch said:

a selling account on discogs is easy to set up and doesnt cost..but if you sell you get the paypal fees naturally at 5% and discogs charge 8% so thats 13% swallowed up..so you can either stand that or put your price a little higher to try and cover it

Since 4 years ago Dave the 8% Fees are then billed each month +20% VAT

[Dave Pinch]

1 minute ago, Blackpoolsoul said:

Since 4 years ago Dave the 8% Fees are then billed each month +20% VAT

really..i sell a few `dregs` on there..usually things that i cant sell elsewhere go on discogs or ebay and are low cost items so ive never noticed that 20% extra hit..but if what you speak is true and i will be looking once i get my next bill..it seems its not worthwhile putting them on there if they are gonna take so much of the pie..i would give that advice to anyone also thinking of doing the same

[Ian Parker]

I've got a couple of prospective buyers coming in the next week.   I'll keep you guys informed.   if they dont sell,  i'll be listing separate

   thanks again

[Winsford Soul]

On 25/07/2019 at 12:31, davidwapples said:

I was offered about 35/40% of the market value when I enquired about selling up a few years ago , not the book value.

 

Dealers will take the good oldies they can flip out quickly for a bit more but low ball or refuse the lower price stuff I have found.

 

I sold off most of my records above £50 and bought some others that were a lot cheaper.

 

Sell the rare stuff yourself then do some small packs with the rest to shift them quickly

Dealers will only offer you a 1/3 or 1/2 the value they have to make a profit,  taking into account time, effort, storage, that's why they're called dealers.  Your living in a dream world if you think you will get the SO called book price.  Who decided that the book price is gospel anyway.

I could have sold my rarer,  popular records 100 times over but then your stuck with all the others to drag out everywhere hopefully selling them, quite often taking them back home, same again the next week,  then there's eBay, PayPal charges, postal  charge etc, etc. 99 % of people selling up are making a massive profit on what they paid so why not accept the dealers offer,  you will still be quids in. 

Steve 

Edited July 29, 2019 by Winsford Soul

[Dave Pinch]

9 minutes ago, Winsford Soul said:

Dealers will only offer you a 1/3 or 1/2 the value they have to make a profit,  taking into account time, effort, storage, that's why they're called dealers.  Your living in a dream world if you think you will get the SO called book price.  Who decided that the book price is gospel anyway.

I could have sold my rarer,  popular records 100 times over but then your stuck with all the others to drag out everywhere hopefully selling them, quite often taking them back home, same again the next week,  then there's eBay, PayPal charges, postal  charge etc, etc. 99 % of people selling up are making a massive profit on what they paid so why not accept the dealers offer,  you will still be quids in. 

Steve 

it takes time i agree but it is possible to sell the cheapies on facebook and here.. i didnt have much work last week ..2 days so i put 3 lists out ..36 records..all cheapish ..... £40 to £7...  sold 22 of them..the type of records dealers would want throwing in really

[Guest Shufflin]

I wonder if people sell up then after a while start collecting again, or regret it, and why sell up?

[Blackpoolsoul]

1 hour ago, Dave Pinch said:

really..i sell a few `dregs` on there..usually things that i cant sell elsewhere go on discogs or ebay and are low cost items so ive never noticed that 20% extra hit..but if what you speak is true and i will be looking once i get my next bill..it seems its not worthwhile putting them on there if they are gonna take so much of the pie..i would give that advice to anyone also thinking of doing the same

Just have a look at previous invoices Dave, they add it on to the final bill and the send to HMRC. Just remember though that because it's all in $$ then since the Brexit thing your bills are becoming much much less as Discogs charge in $$ and it's now MUCH cheaper to sell on there (other sites are available) 

Edited July 29, 2019 by Blackpoolsoul

[Dave Pinch]

46 minutes ago, Blackpoolsoul said:

Just have a look at previous invoices Dave, they add it on to the final bill and the send to HMRC. Just remember though that because it's all in $$ then since the Brexit thing your bills are becoming much much less as Discogs charge in $$ and it's now MUCH cheaper to sell on there (other sites are available) 

way things are goin the $$ and £££ will be worth the bloody same

[Rictic66]

That invitations SS demo should be worth well over £300 if in decent condition which it looks like it is. Very rare and hard to find sellers. 

[Winsford Soul]

10 hours ago, Dave Pinch said:

way things are goin the $$ and £££ will be worth the bloody same

Dave.  How much easier would that be if all currencies where valued the same

Steve 

[Twoshoes]

22 hours ago, Shufflin said:

I wonder if people sell up then after a while start collecting again, or regret it, and why sell up?

My tale of selling up, not selling up, selling, giving and regret.

Around 15yrs ago I considered selling up, I hadn't played any vinyl for years, the vast majority of my collection was and still is Motown, early sixties , Atlantic, stuff from soul packs, general chart soul from the 70's and early 80's, I didn't think I had anything of great value , a bloke I met in my local pub a few months earlier showed an interest , came and had a look at the records said he'd make me an offer, I got cold feet went to his house to tell him I'd changed my mind ,he wasn't in but his wife said he'd be very disappointed he had just drawn out two grand, far more than I expected to be offered.

Move on to about 7 yrs ago (which is frightening in itself a it seems like yesterday) I needed money for a holiday, a good mate and respected Dj came and had a look ,not wanting to fall soft again and knowing him to be a genuine guy I told him to take what he wanted and give me a fair price, I was happy with what I got even though I had no idea what I had sold, sold some more to another Dj mate and regrettably gave some to another.

Move on again to two years ago and illness meant I had time on my hands ,off work for eighteen months I fixed up a deck and started playing my vinyl, this is where the regret kicked in, not so much for the ones sold at least I got something but the ones I gave away. Not a Northern night passes were I don't say to my mate "I used to have that" or "I think I've got that" only to get home and find I've either sold it or given it away.

 Move on to today and I'm back in the game so to speak, buying vinyl again on a small budget so some of the stuff I sold and would like to own again I can't afford, that small budget has slowly increased as the bug has bitten deeper, thanks to some of the audio threads on here I'm buying a mix new releases, bits and bobs of stuff I've always liked but thought were out of my price range but have been happy to find they aren't. I'm still in a quandary over Ovo, does it matter if I'm only playing them in the house, should I buy stuff on Kent, Outtasight etc when there's enough original releases for the same price that I like, does it really matter, probably not and enough people have told me that. 

  Finally as a believer in Karma, the respected Dj and still a good mate finding out I was buying again has gifted me several great sounds ,as he says you were good to me back then. 

[Guest Shufflin]

21 hours ago, Twoshoes said:

I'm still in a quandary over Ovo, does it matter if I'm only playing them in the house

no it doesn't

keep an eye out for the records Diddy Morgan posts on here, they are usually great records at a low price but only a few available, until we grab em and the price goes up

as you know we don't need to spend big to have a good collection of vinyl 

[Guest]

I was borassic lint back in the late 80s after a business deal went kaput and I sold a large reggae collection to a very well known person who paid me a good price.

It was a case of needs must but I still miss those records and I try to enjoy my soul & r&b records to the max. Many are digitised so the vinyl is more or less redundant but I don't want to sell. 

The question of what to do with collections crops up regularly amongst my music mates. I have  some seriously well endowed vinyl friends  and they are starting to make provision for passing on the collections. We are leaving our records to each other. A couple of other mates have named trusted friends as executors just to oversee their record collections.

I suggest hiring a lock-up and storing them for awhile to see if you miss them. I wouldn't sell the rare ones individually unless you think they are going to drop in price. Otherwise you'll be left with low value records

If you sell I'd recommend Craig Moerer in Portland. I've been buying from him since the early 80s and the service is excellent. I believe he bought much of Soulbowl's stock.

Edited August 16, 2019 by Firecrest
Grammar.

[Benji]

I had been selling all but a few of my US Northern and Modern 45s over the last few years. Never regretted it.

[Zoomsoulblue]

On 25/07/2019 at 10:26, Ian Parker said:

The time has come....  after a lifetime ,  I’m selling up . 

    I have some belting records , some a tenner, some considerably more. All the big Motown, some lovely uk stuff, some top 500 (lots actually) . 

  What will be the best way?  I would take 5k as a Job lot.  I’ve done a conservative estimate of 8k , last night .   All Grapevines included.     Help

A mate of mine just done this you're 8k is worth around 4K to a dealer - however if you sell all the cream off you're left with £3 / £5 e bay sales - and the dealer will offer you £2 max a record - ask youreself do you need the money cash now ? If not you sell off the cream either on SS or evil bay at least that way you're get a good price each record - breakdown the remaining by labels Motown / Atlantic / British / boots etc - buy a load of postage sleeves and sell away - most of my collection was brought back in the 70ts when Motown TMGs were selling 20p in junkshops or even £1 off mates - try not to look at the prices now look at what you brought them for how long you've had the record and how much enjoyment you've had - example 1976 at the Casino I brought RCA demo you've got you're mind on other things - £15 if I sell it for £20 plus am ahead of the game - best of luck take you're time don't get stressed and stay in control - remember No is the easiest word to say