Needles & Grooves

I’m shocked every day when I look up certain albums I own and see what people are asking for price-wise. I’m tempted to list some for sale…

@MikeH Same, dude!

The main problem is once one album goes for like $250 when it has never gone for $250, let's say it normally goes for like $60~, then every seller thinks they can get $250 for it. Historically data is limited for sales as well.

You also only see up until a certain time period depending on number of sales and not on overall time. So if the most recent 20~ sales (or however many it is) were more expensive compared to overall data the average listing price will be higher.

It's a system specifically designed to drive more sales. Discogs gets that fee so they don't care. Although, sometimes I do see them suggest a lower listing price when you are a seller. Doesn't always work though.

It's not going to burst until the supply chain of new products open up again. The biggest issue with collectible markets is when prices go up and companies press more to try to get in on the hobby. The inability of record pressing plants to ramp up (much less be on time with existing work) is going to prevent the market with being flooded with product which is what would burst the bubble.

@wmeugene don't forget about this: What the Apollo Masters Fire Really Means for Vinyl

And then you have buyers sending a $10 offer on a $16 record, when it's already among the lowest priced. Nope. Offers now turned off.

@djdavedk i had to turn offers off awhile ago too. It was mostly a waste of time. I’m fine with selling for about 10% below asking but people were offering 30-40% off the going price so I had to keep turning them down.

@nolalady specifically, "Unlike 35-years ago, vinyl is no longer a purely functional vehicle for media distribution. Vinyl is now a luxury item. Scarcity in luxury markets generally only increases value."

@MikeH I generally get reasonable offers and for those who I don't I usually just disregard. They are technically on the hook to buy if I accept within the offer window so me not turning it down slows them down for a bit, I hope.

@debianlinux i definitely accepted a few. But that’s a good idea. I also get random messages from people asking if I’m willing to sell something I have a copy of in my discogs but not on my store. Which is fine except when their offer is insultingly low…

I had a record listed at $50 with offers open. I got a PM from someone asking what I'd be willing to sell at and I said "$40 is probably how low I'd go. If you submit that I'd accept it." Never heard from them again. The offers are open so you don't need to message me separately!

I don't mind offers when they are turned on. But almost half, when my price is among the lowest? Nah.