Ever wondered who trumped your eBay bids? All is revealed!

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.

Advertisements

1 thought on “Ever wondered who trumped your eBay bids? All is revealed!

  1. Interesting topic. This really concerns me too as a collector. Well it seems if you were the second highest bidder on all of those you actually helped to bring the prices up a bit 😉 But you wrote that already right?

    What is a bit sad, as you say, that the local dealers hang on quite fast to “up” their prices according to what one chap in Korea just paid for an item. It may hang on the wall for a while but the local seller thinks it’s worth so much more instantly. I tend to disagree in a way. The market goes up and down and studying popsike there is quite a spread of prices even if the condition is quite the same. In all honesty who the seller is affects the price a LOT on eBay. Ofcourse you can check the condition yourself in a store.

    Some deales don’t even put prices on items I’ve heard but go to popsike and check for the latest market value before telling the price as to maximise the earnings. I don’t like that really. It takes some of the fun out of hunting for a bargain. On the other hand you feel quite good about yourself when the LP you bought for $170 now costs $450 on eBay like my copy of “Gone with Golson” 😉

    At the end of the day it would have been much more fun if the prices had not gone up so much. Then I could finally by the original pressing of Soul Station. That train has left for now with buyers in Japan, Korea and lately China coming hard.

    I’m happy I’m note entering the market at this point ;-.)

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s