Another load of vinyl

After making it through December buying “only” about 140 albums, I’ve once again picked up a large collection to enjoy searching through to find some hidden gems.

Here’s what the car looked like when I pulled into the driveway:

All together it was 31 postal crates of 12″ singles and LP’s from primarily the 1980’s and 1990’s, all loaded into one large American sedan.  In this situation, and old “boat” of a car still has some practical value.

What’s really cool to me is that this collection is from when the popularity of  vinyl started to fade, so there could be some real gems in here.  Once I got it into the house, it looked a little more manageable:

Once i get it sorted, I fully intend to return the US Postal crates.  I expect I will find several additions to my personal collection, a lot of good value for resale, and still  be able to sell the remains for more than what I paid for the original 31 crates.

It was billed as 2000 records, but my initial samples average about 80 per crate, so it might be closer to 2500 records.  My random samples at the sellers location indicated the records are in very good condition, most showing no visible wear on the vinyl, while the covers have some wear and some labels, as it was part of a club DJ’s collection who worked int he 80’s and 90’s.

So while a lot of it isn’t going to be what I typically buy, for the price I couldn’t pass it up.  I got everything for $150.   I was very quickly able to find that much of value in things I could resell in just a few crates, so it was worth it.  Essentially I expect to get everything I want to sell and keep for free, and flip the rest for a couple hundred dollars.

I started looking through the first crate, plus a few that were stacked on top of it.  Totally random, it was just the one sitting next to me at my laptop.  In the first 50 albums, I found 10 that combined are worth $150.   Here’s the first 10 that should pay for the entire lot:

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Not exactly my cup of tea, but they should sell relatively quickly.  At that pace of finding ‘winners’, assuming 2,000 albums, I have potentially $6,000 worth of vinyl (before taxes, shipping, fees, etc), and that’s just the first pass at the things I can define value.  I think a lot of this dance music and singles have a market, I just need to find it.

So there’s perhaps $3600 profit to be had from 20% of the collection.  Not a bad return on $150.  And that doesn’t count selling the other 80% for what I paid for it originally, or probably a little more.  As i finished the first crate, I’m at about $220 of value, time 31 is  close to $7k, so I’m excited about this buy.  Even if I’m half wrong, it’s a great return on $150, and it’s great entertainment.  I’m excited to play some of the singles of songs from my youth.

The seller had many people contact him, but I was the only one to commit to purchasing under the condition that the collection was what he described it as being.  I was confident that a large lot of 1980’s and 90’s pop and rock vinyl would have some real gems, and i probably couldn’t go wrong.  When you know what your objective, be confident and take a few risks.

This sort of makes up for the lot in December which was largely in poor condition, but also had a ton of 45’s as part of the deal.  I’ll still make some money on that deal, but not every buy is going to be as good as this one.  And it may not pan out as great as the initial sample, but that’s OK.

Keep your eyes open, work hard, and you can create some luck.

 

November Vinyl

After a bit of a lull in buying for a couple months, this month I purchased about 640 albums.  Six Hundred forty albums!  I started the month buying about 100 albums from a dealer to flip, with about 10 being albums I wanted to listen to and 4 or 5 likely to stay in my collection.  I bought them purely to add to my offerings for the December and January buying months.

 

Then I bought private collections on two successive weeks, each containing about 270 albums.  One was billed at 350 albums, the other at 200, so i paid a little more per album than I thought I was for the first, and did a little better on the other.  Both contained music primarily within the rock and blues area that I like, but had many artists I wasn’t familiar with or that I simply believe will sell.

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Collection #2 from November

Part of what I enjoy about collecting vinyl is the discovery process.  It is primarily why I like to buy entire collections.  From that first collection I bought in November, one of the “discoveries” for me was this Roy Buchanan Album.

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Roy Buchanan – Live Stock

Roy Buchanan sounds like a cross between Bryan Setzer and Eric Clapton.  The track Roy’s Bluz on side 1 is incredible.   I had never heard of this artist, so I looked him up.  Basically, he’s considered one of the best guitarists EVER, but he never had much publicity.  At one point he even stopped playing professionally and went to become a hairdresser until a PBS documentary brought him renewed attention and a new record deal.

The first track on side 2 is Can I Change My Mind, and it is also incredible, but also has a rhythm that reminds me of another song – much newer.  I’m thinking Roy Buchanan probably influenced a lot of people.  And an interesting note for guitarists – his tone was all guitar and amp – no effects pedals until late in his career.  He used the volume and tone knob on his Tele to control changes in tone.   Truly a great find, in my opinion, and one I would not have found looking through a record store.

Between the two collections, there were about 110 albums I wanted to listen to (on top of the other 300 or so waiting in queue).  Since i spent $650 on the two collections, that’s a little under $6.50 per album, which really isn’t too bad considering some of the stuff in that  grouping sells for more than I would pay at this time (or maybe ever).  There were about 60 not worth trying to sell, either due to condition or just lack of popularity.  So there’s about 470 I intend to sell out of the 640.

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About 500 albums waiting to be cleaned.

If I do the math solely on the others that I plan to sell, subtracting the ones I want to listen to and the non-valuable albums, that’s 370 albums for $650.  That works out to about $1.75 each.  I need to sell about 20% of them to make my money back, then the rest are profit, or fuel for other purchases.  Plus I essentially then added the 110 albums to my collection for free.  And realistically, I’ll sell a large portion of the 110 I wanted to listen to once I play them – often upwards of 90% of the albums I listen to I end up selling.   The $650 came from sales of other albums, so basically all my vinyl hobby costs me is some time – and space in the Man Cave.

I can’t see myself spending $20+ on a single record, but many people do.   Which just boggles my mind.  While I may not quickly amass a collection of all my favorites, I am building a nice collection and finding new music at the same time.  I currently have about 250-300 in my “semi-permanent” collection between home and the office.  I’ also apparently offering a small supply of vintage vinyl that is sometimes hard to find.  Many expensive hobbies don’t need to be expensive, if you’re just creative.