Second hand record prices rising well over inflation?

More and more teens get into the hobby, you'll see prices go higher. "Hey man it is original".

 

I think it's a main reason for rising prices of vintage LP's. Every time I'm in a record store, I can see that the majority of people around are under 30. The greatest example is "A-1" store in NYC. Always full of kids carrying stacks of records to the register, often without even checking condition. No wonder everything is overpriced there, the worst thing – it's overpriced regardless of condition. The record could have a deep scratch across the whole side, if it's something like Beatles, Zeppelin, or even Dire Straits or Steely Dan, it will be priced $20-30 at least. Even if it's common as dirt domestic pressing.

 

Incredible.

 

There's a record store about I go to once in a long while where the exact same thing happens- mostly under 30 customers, most LPs in taped poly outer sleeves, no one checks condition. If I buy a record there, I insist the open it and let me examine the LP. The clerks look at me like I'm out of my mind or am there to make trouble. Needless to say, I don't go there often.

 

Mike at The in Groove wants this! I think it’s disgusting and the worst thing that can happen to our hobby. Scrooge McDuck record hoarders -guys who need 50 copies of VU & Nico for speculation, are the types that ruin it for everyone else who just want to buy and listen to original records.

 

It’s obnoxious. Especially for rare records like punk or psych. Sometimes on discogs there may only be one or two copies of an original record for sale. So the seller takes their Vg- or at best VG+ copy and looks at the highest ever sold copy which was usually m/nm but no matter- they then take that price and add 10 or 20 percent on top of that. And then frustratingly someone inevitably buys it since it’s the only copy for sale and wah lah-the cycle continues. But there might be a bubble some day. Only time will tell.

 

Rockaway Records in my opinion consistently has the best used selection in Los Angeles but unfortunately you’re usually gonna pay top dollar unless you’re ok with VG stuff which I have gotten some incredible deals from them before. Example I recently bought a Beefheart “Safe As Milk” for $50 that was VG but plays solid. And an original UK Twink with rare pink insert for $250 that was also VG buy plays fine with only faint surface noise here and there. The discogs median for that Twink is nearly $450!

 

Which version of "Creatures?" If it's the Bruce Kulick - non makeup cover, then I can see the $75 price tag as it's a tough one to find. If it's the Ace Frehley makeup cover, those are more common, therefore a lesser price.

 

It was the Ace cover.