I recently aquired a large jazz and blues record collection and have been going through it for the last few days to see if there is anything included that is truly rare and valuable. I don't intend to sell anything out of this collection unless it turns out to be something valuable and something that I know I won't listen to.
Anyway, I have been using the usual methods to determine value. Checking past ebay auctions using the search completed items, the Goldmine record guides and Popsike. Some of the information on Popsike seems too outlandish to believe. I checked the price of a record that I played the other night on Popsike. It was Hank Mobley's Soul Station on BN. NM cover/NM record, W 61st on label and cover. There was one that sold in mid December for $1050 according to Popsike. Then there were a few that sold in early December and late November in the $400-600 range that looked to be in identical condition to the one that sold for $1050. Then in August there was one that fetched $1750.
I find it hard to believe that anyone really paid over 1k for this record. I wonder how many of the Popsike listings were auctions where the high bidder did not pay and the item was relisted later. I know any auction has the potential to get crazy especially if its a record that is rare, clean and is seen infrequently. This can be compounded if there are Japanese bidders involved or if its an Anthony Pearson auction. I just have a hard time believing that someone actually forked over $1750 or $1050 for this record. Even $400-600 seems obscene. I know all Popsike does is copy ended ebay auctions and organizes them so they can be searched, but it seems that the majority of the auctions they track are for the records that sell for the outrageously high prices. The instances where a record that for example sells for $500 then later another copy sells for $40, both auctions don't always appear on Popsike. They will list the $500 one, but not the $40 one. This to me gives the illusion that the hypothetical record in question is more valuable than it really is. See where I am going?
I was just curious if anyone else ever questions what they see on Popsike.
Mark