Here is another quick tale of a big sale, but also a big mistake on my part. I partner with someone I met online to list a lot of his vinyl records on eBay, and we split the profits three ways after fees. I found this old gospel record by The Revelaires in the stacks (these are all old radio station inventory from a defunct local AM station). I couldn't find any history of it, so I listed it starting at $15, and instantly got a few bids and a lot of watchers. However it wasn't until it started creeping up that I went to the auction and noticed I had put a totally different LP pic up for this listing! Yet this auction was already up to $40 or so in spite of this mistake. I couldn't change the pic because there were already bids, so I could either cancel the bids and start over, or just add some text stating I made a mistake.
I added text that said "PLEASE NOTE THIS AUCTION IS FOR THE REVELAIRES - the picture in the auction is incorrect but all listing info IS CORRECT". The LP ended up selling for $104! I have still never seen another for sale.
If I had to guess I would say I probably made at least a $100 mistake on this one - it went for $104 without even a picture of the LP. Some collector got a real deal on this one. What could have been!
Small boo-boo but still a sweet return on your investment. I've had a few of those "Arrrg, what might have been" mistakes too. Maybe you already hit them, but the garage sales always have stacks of albums. I also see those album hunters you are referring to at Goodwill. I am clueless on that topic accept for the "Butcher" Beatles album... Ha! Anyway, very cool blog, I'll be coming back to educate myself on this niche market!
ReplyDeleteThanks for visiting! Will follow your blog as well!
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