After a long run of bids I thought were “realistic” being trumped, I was curious and decided to do a little research as to who are these jazz collectors putting in “premium bids”on collectible jazz, in some cases £50 to 100 more than I figured a good market price, judging by some other auctions.
The bids were all on UK Ebay, and I have followed up the auction winner identity via eBay feedback on items for which I was price-setter ie 2nd highest bid. I was quite surprised to see who had walked off with my records. “You’re not from ’round these parts”, the bartender’s welcome when a stranger walks into a bar full of locals.
It is a reflection of the international nature of the market for high-end collectible jazz. I have no issue with the market. It is quite right that the seller should obtain the best price, and on these ten records it wasn’t mine, though I set the price (less the bid-increment). Good luck to them – I am sure they will enjoy their auction wins.
I am not sure what the moral here is, if indeed there is one. With two exceptions here, there is little evidence of dealers in play. Most of those scores look like genuine collectors (I am around 150 scores) Dmitry doesn’t look too happy a bunny. Cheer up! You stole my record, dude!
But I see the effect these prices is having on dealer expectations in retail stores. A visit yesterday to a favourite shop in London where a year ago I bought my loved copy of Benny Greens “Soul Stirring” (BN 1599) last year had another copy on the wall, like for like, asking £350 – over double the price of a year ago. May be this year they have got it right.