There has to be an element of the recession in this.
However, I would like to put forward an alternative theory.
I having been buying records in the states for many years
originally from paper lists and then, as I worked in computers, via
the internet from its very early days.The list of big ticket records
I have bought for next to nothing is endless, inc multi copies of
records considered to be quite rare.I have also bought countless records
blind, because they were so cheap, and got some blinding tunes along
with some right shite.
Ten years ago there were only a handful U.S. dealers who knew about the northern scene
and they only knew what I would call "established northern rarities".
They didnt have a clue about new discoveries.
Since I could buy a 100 quid record for 2 dollars I didnt mind selling
it on for say 60 quid, very nice profit indeedy, but also keeping the price down.
Before somebody starts bleating about "making money out of the music we all love"
let me point out the following.
If people like John Manship,Tim Brown and John Anderson had not been "making money
out of the music we all love" we would not have had such a brilliant scene for the
last forty years, as the records would never have been found.
There were two factors regarding the ballooning of prices in recent years.
1. The expansion of collecting rare soul records into a global phenomena,
I have often been surprised by how much people in say Japan or Europe
were prepared to pay for certain records.
2. The most important reason of all, the Price Guides published by
the U.K. dealers, a copy of which every half decent U.S. dealer now has.
The above factors combined to drive prices sky high, I would suggest so high in fact
that, the normal collector was not prepared to pay the prices on offer, thus causing
the prices to fall again, as seen recently.Let's face it how many U.K. collectors are
willing to pay the full "Book Price" for any record.
You will notice I have not cited Ebay or GEMM etc. in this price rise phenomena.
This is because, prior to the Price Guides, I could always buy records at a fraction
of there true value on these sites.
Although I will admit, that since the price guides, these sites have contributed to
the prices ballooning due to their global reach.
DISCUSS
Kegsy