Livestream: Current Vinyl Market, Price-Gouging & Q&A

[@motorol5610]

You came through for us on many of your reissues at resonable prices. keep it up. really appreciate your hard work!!!

[@bigsweetc6]

I can’t stand people who list their records for the “I don’t want to sell” price. It can really skew the listing some time. Sometimes their crazy over priced listing is the only one for sale and then the next seller sees that as the price and unknowingly Jack up their price too and it just ruins it for everyone. I remember when a g and vg minus record was a starter copy and even if it was rare you could get an affordable copy. Now people ask hundreds and thousands for low grades. It’s a free market but what about ethics. I know ethical dealers that simply want to make a few bucks but also get the records into passionate fans at fair prices. I absolutely HATE how every seller now wants to charge the absolute most every single time. I’ve been buying records for almost 30 years and the last few years have totally turned me off.

[@dawnpatrol700]

I'm trying to get Depeche Modes 1994 12inch " in your room". One sold for $40, so all the current sellers saw fit to jack their copies to $200 plus. Logically, they should have went to $ 60 ish. I sell on Ebay too, but I want high turnover. I have no intention of holding on to something, in hopes of finding a desperate sucker

[@bigsweetc6]

@@dawnpatrol700 you gotta love those discogs sellers that just take whatever the highest sale was recorded and add 30 percent on top of that for their listing. Unbridled greed is ruining this hobby. I see records in the wild all the time that I already own or don’t want that are “under priced” and I could buy and flip them. But I always think, why don’t I actually leave them for somebody who actually wants to buy and enjoy it and they can be the recipient of a good bargain. If every collector acted like a flipper we’d all being pay max prices all the time which actually isn’t too far from what this hobby is becoming.

[@andmoreagain]

well you can thank shit like this for that. dont worry, none of these people will care about any of this in another 5-10 years.

[@dawnpatrol700]

@@andmoreagain I remember vinyls lowest point 1995-2001. If you would have told me in 2024, people will buy vinyl just to cashgrab, I would have said you're nuts, that will never happen. In that respect, I don't mind all these people jumping on the bandwagon. Back then, I wouldn't have cared if they were fake or not, I would have been happy that somebody ( besides myself) collects vinyl. I literally felt like an island, and people looked at me like I was retarded for buying vinyl. Seriously . Things are soooooo different now, I feel like I'm in the Twilight Zone. Yes, those flighty folk will probably leave this hobby, as they get married, have kids etc

[@Flifford56]

The line about your willingness to buy an AP record of farts had me dying. Just the thought of Chad Kassem seeing that through and it becoming a reality 😂 💀

[@Rx_fuzz]

This is why I’ve always been a fan of riding easy. Daniel always has exclusives coming for high demand titles. You may not get this splatter but he’ll have another next year. Mike from the in groove also brought this up with rhino hifi titles being bought up before the people who don’t follow every detail of the record industry have a chance. I think it’s sad because it discourages the new record customer or the casual fan. Also, it rubs me the wrong way for people to try and make a quick buck off someone else’s work. Thank you for speaking out on this and bringing hard to find titles to us mortals!
-rx_fuzz

[@mr.bigsquid8422]

The median Discogs price is already inflated lol

[@harribergman2020]

I bought an ex of moonblood. I live in Sweden and had to pay $30 in shipping and also $15 in customs duty. I am super happy with the record and will never sell it. But if I ever have to sell it, I will never sell it for less than $100, because that's what it cost me to get it home to Sweden. Wish shipping and customs fees could be at a more acceptable level so more records could be traded across the Atlantic.

[@minimumriffage7520]

There is a big difference between sellling an older rare record at an inflated price, and flipping a just sold out record at 7 times the retail value. Not a single person would be claiming "it's a free market" if Noble had set the retail price at $350, they would all rightly scream "rip-off".

[@BitMafia]

LOVE this video, a real masterclass! I have a comment/question: By limiting the release to 1K units, it seems you ensured that if successful, the secondary market would inflate the prices, which they did. If your mission was honestly to make it affordable, why not produce more units? Congrats on such a successful release!

[@AyalaMatherd]

Fair and respectful question.

[@andmoreagain]

because that clearly isnt the mission

[@BitMafia]

@@AyalaMatherd Thanks, I really meant it as such as I appreciate and know a little bit about how much work it takes to get something like this to market.

[@BitMafia]

Well I think them wanting to fill a gap and make it affordable is 'Nobel' (get it..), but the other half of that commitment is availability. It has to be affordable and available to truly succeed in their mission statement as mentioned in the video. But I know from other industries that this is expensive and time consuming and if you roll 5k and get it wrong and only sell 800 you are in trouble, so I get that too and assume that this was the case here...

[@t.breeze8659]

Just discovered your channel. Can’t wait to check you guys out when I’m next in Charlotte

[@dawnpatrol700]

Its funny that you started in arguably vinyls worst year. I think you should do a video about record collecting in the 90s and until the comeback. I don't think new collectors quite understand just how dead vinyl was. 1991 was the 1st year that a lot of new releases didnt come on vinyl, but in Europe vinyl went a few more years. In those days, i had to get on mailing lists galore, just to have an idea what new releases were even on vinyl. My lifelines were Fast Hits Music, Yesterday and Today, Jack Wolaks Rare Necessities, Music Machine, Main St / Son of Main Street, Music Direct. I put classified ads in Goldmine, praying someone would have what i was looking for. I used to think " if Walmart ever gets new vinyl, i will feel like ive entered the Twilight Zone". Well, we're there

[@Ross1966]

Scalping records and price gouging just sucks and ruins collecting records and every record store day, for those that want the music. Reputable and good sellers are record lovers too and care about the music. Scalpers and resellers are just out to make a buck, like a drug pusher. I say God damn the pusher man!

[@shaybapple]

They just opened two new pressing plants in California over the past year.

[@moonuni]

Price gouging afects all collectibles from sports cards comics toys , vinyl is no exception.

[@timgreene4746]

I think maybe you're asking why buy an album if you don't like the music?

[@tarkovskijnoir]

I think it’s a very hard reality for us Europeans that buying albums from the US is kind of a barrel without a bottom. Small labels taking about 50$ for a copy is fine in my book - the market is small and times are hard, so all good. But with 25 bucks shipping and maybe another 20 in taxes, an album can cost up to around 100$. So getting a second copy and selling that for - let’s say 150$ - balances the purchasing price down to a copy minus shipping, or maybe just gets the purchaser back to 0.
I say this because it kind of showcases how hard things got now that we don’t even have a good structure with distribution. Who does distro in Europe from small labels outside of HHV, and they also take about what an individual shipping costs…? It’s a shame Europe doesn’t have any connection to the states that can balance these things and help people who otherwise have to sell a second copy.

[@R3TR0R4V3]

Well don't feel too bad, because It's kind of the same for us yanks... Buying any vinyl from the UK, or even the EU is insanely expensive - horrible exchange rate & the shipping is especially outrageous, so it does go both ways unfortunately. 😕

[@revolver64]

Let’s be real regarding Moonblood, Dylan. You had a pretty big hand in bringing that record to the attention to a larger audience. Therefore, helping to jack up the prices. So unless you were planning to reissue thousands or tens of thousands of copies, you had to reasonably know that the Noble reissues were also going to inflate and be flipped.

[@MrCleonwarrior]

damned if you do, damned if you dont. lool

[@enders357]

My frustration with prices for secondhand vinyl at the moment is when every copy for sale on Discogs or eBay is more than double what that record has ever sold for. There are 3 or 4 records on my want list that have been there for over 18 months - as a rough example let’s say the last copy of one of them to sell went for £75. 18 months ago the cheapest copy on Discogs would be priced at £125, and then every copy added since goes on ever higher (better condition perhaps). I’ve even seen the £125 copy then go up in price. And all in a market where no copy of that record has sold for 18 months, and the last one that did was for half or a third of what they’re now listed for. It’s insane - and bad business. Surely at some stage you need to move your stock, so you price at what people will actually pay, not some unrealistic dream price

[@mugwump6885]

Moon Blood was worth the shpping costs to germany. Thanks, nice RI.

[@greghawkins229]

I collect for the rarity, sound quality for the artists I love

[@BOBBRADLEYCHANNEL]

Dillion you’re the man!
✊🏼✊🏼✊🏼

[@dennisehli3796]

I buy what I like .. if to expensive I stream it. Keep up the good work 👍👍

[@biffboffo]

I’m confused as to why a 2018 colored vinyl reissue will typically out-price a nice pristine OG 1980s pressing. I understand the market makes the rules. It just seems backwards to me.

[@user-ye9zy9xr2x]

Yeah my favorite band the only one I’ll go out of my way to own most if not all of their vinyl started in tiny punk clubs and only a few of us knew about them and now there probably in the top 20 of most popular bands around today and their vinyl is super expensive 😂

[@iselect1012]

Could you make a video on that crazy customer story please?

[@bobbyniefer2947]

Love your streams and your love of Vinyl ! Wondering if you could help me with what I feel is an OG copy of Big Brother - Confusion 1970 back cover does not match anything on Discogs ? Can I text some pictures to look at and maybe share with your friends in the Biz to figure this out ? It has age , not a recent boot or anything like that. Thanks Bobby

[@harmlessrebel868]

Riding Easy has more copies available...clear and black vinyl.

[@R3TR0R4V3]

Thanks for the heads up! Just ordered a clear one. 🤘

[@Vinylly_Found]

I listed a small pressed Brazilian record with one of a kind hand drawn limited out of 20 for $5k on discogs hoping someone with stupid money would buy it. Another seller listed for a few hundred so I took mine down. Just bought one offline for a couple hundred. I have owned multiple copies for 7 years and waited 6 months to buy duplicate copies as to give other people a chance to buy. I would call this an investment though not price gauging.

[@mr.bigsquid8422]

I rarely buy LP’s now, several friends quit too all because the gouging bums and stores pricing based on discogs

[@QwayczarMusic]

There is no such thing as price gouging imo. If I own something, I can sell it for whatever price I want, and buyers can choose whether they want to buy it or not.

[@user-wj1wu2xw7f]

How much would I pay for 200 copies of my album from South Africa?; I mean both production and shipping. I'm thinking of going the vinyl route and it's my very first album

[@ijuggle42]

I have bought many records from 5 dollar bins that played great on my 1967 Magnavox but that's prolly only 10% of my collection.....Oh and I'm 64 years old.

[@turquoisecapricorn]

I love a record that has wear, that has lived, that has character! That's also nice for my wallet. Check my video of my trip to the Vinyl Kitchen this year. greetz from Belgium

[@tomassunrunner]

My local showcased a 200$ used record on instagram this week. I don’t support them

[@festersuncle6298]

I'm one of the few that didn't like Fraction.....flippers are goofy.
BTW it's a can of worms not a bag of worms. Bag of worms??

[@jameshahn455]

I sell records at craft shows if you got something cool and hard to find people will pay a hire premium

[@love2spinvinyl]

I’m still waiting on my Moonblood, its getting frustrating. It cleared customs in Brisbane Australia on 26th June. And thats the last update…

[@noblerecords]

I’m sorry, international shipping is unpredictable, once it leaves here, we have no control over it, but keep me updated. We will make sure you get one. 🙏

[@love2spinvinyl]

@@noblerecords yeah not your fault mate. It can be frustrating getting albums over here at times. The amount of places some visit is ridiculous. I usually wait 8 weeks before I make contact. I appreciate you.

[@love2spinvinyl]

@@noblerecordshey Dylan. An update. Checked my shipping tracking today. And yesterday it finally got picked up by courier from carrier terminal after 24 days. So should arrive one day next week.

[@columbiajones1534]

Why would someone buy a record then leave it untouched but list it on Discogs for a "I don't want to sell it" price? You just want to have it so it can sit on your shelf?! Seems silly when I buy vinyl because I love how it SOUNDS. Not looks. 🙄

[@mrcdufay]

Thousands of records in your collection and No Prince? "Maybe Purple Rain"? Wow.

[@timgreene4746]

I wonder if you got your Dr. Keyboardian CD. I'd sleep good if I knew you heard it.

[@natjam13]

I got 2 from you and I told you it's not for flipping. I'm going too keep my word I gave to you.

[@ericelliott227]

While I understand the cost of making a record these days (a great deal of said cost is in the packaging, not to mention studio time), I wouldn't pay $50 for a reissue of an LP by my all time favorite artist if you held me at gunpoint. ($30 is still a bit much). Then again, I don't buy new records anyway, because most are provenance unknown and many are just digital slapped onto analog (vinyl) and don't sound good or correct. Yes, the same can happen in opposite direction with CD reissues! I had Jethro Tull CDs that sounded horrific compared to the original pressings on vinyl. Yes, I like original pressings, flaws and all, perceived or otherwise. I'm somewhat a historian and I want to hear how the record was done back when. I grew up with vinyl in the 60s/70s.
The prices of used records half the time are just as Ludacris! I have seen 1980s reissues of Bob Dylan records go for as much as $40!!!! All my Dylan records are from the 80s and I bought them new for $4 each!!! The only exception was the Biograph box set, which sounds spectacular in quality and cost me about $10 new.
I often say if I took the average prices I see now for used records and applied that to my collection of 800+ LPs, I would be sitting on somewhere around $1.5 million!!! In reality where I live though, my collection is worth about maybe $2000 in the luckiest and best day. I also never buy records on-line.
As for pricing these days, "flipping" or "flippers" are a large part of the problem. Yes, pure price gouging. The "flipper" pays $4 for the record and then marks it up to $50+ or what have you. New or used and many flippers don't even own a turntable or know anything about records. They try to make one think a G++ condition record is a VG+, they have no clue. Unfortunately, it is the PT Barnum scenario, too many willing to pay the price and get taken, so they get away with it. Part of the blame also goes to the "audiophile" community (also many know-nothings and elitist - don't let anyone else into the hobby) telling people they are getting a good deal when they are not.
A $10 record needs to be $10 and so on. There is nothing wrong with a bit of profit on NEW items, but there is a difference between profit and gouging.

[@lauher21]

I never got one, my feelings are hurt since people got a 100 copies each lmao

[@drivebymedia841]

Some strategies
Buy from the lower priced dealers
Click the make an offer and offer a reasonable price....$285 = offer him $55 the low price for that records

[@FLOWERINGSPIKES]

That's how I buy almost everything on discogs. I'd say 8/10 times they agree . Also, sometimes a dealer will have 4 albums I want, let's say price is $600 for all four, I'll message and offer $150 for the 4 and they almost always agree.

[@GIBKEL]

As long as GZ doesn’t do the mastering….

[@patrickwalsh6233]

I wonder how many people complaining about price gouging in this thread are the same people blowing up the banks whenever The In Groove is running an auction.😅

[@tylerzinn4383]

I think honestly some things shouldn't be repressed, and some things seem obvious.

[@hatchfly]

OG sleeves and Doors was done in 70 and this was a show stopper in 2024? Kinda like the Population II turd?

[@mr.bigsquid8422]

There should be a searchable list of sellers that flip/price gouge so folks can decide not to buy from these jerkwads or their physical stores

[@mymixture965]

Man, I really really want a Bentley...but I can not afford it. Please stop this moaning´, if you are in a free market, you have to take the good and the bad. We can found an "Institut for fair distribution of vinyl records", does ANYBODY think this will help? If you are in a collectors market, there MUST be speculation because that keeps the market alive. A collectors market with no flipping and no speculation is DEAD, do you want this?

[@happycarlo1]

Discog ruined everything...so record collectors get stiffed

[@R3TR0R4V3]

Nah, only if you let it ruin it for ya.
Ebay kind of ruins it more than Discogs imho

[@robcammell1069]

Dude just get over it