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Why So Cheap?

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Don't know the record, but it may not have the in-demand side as it's a promo. Just a guess!

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Don't know the record, but it may not have the in-demand side as it's a promo. Just a guess!

"Always There" is the in demand side. Plus the first one I linked from popsike is a promo as well.

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Here is another one I can't explain. Why so cheap? https://cgi.ebay.com/CASINO-ROYALE-KEY-LOC-45-GET-YOURSELF-NORTHERN-SOUL-/110519590894?cmd=ViewItem&pt=Music_on_Vinyl&hash=item19bb7b1fee

Here are some past sales of this one https://www.popsike.com/php/detaildatar.php?itemnr=110152288960

https://www.popsike.com/php/detaildatar.php?itemnr=270553318207

I just don't understand how something can sell for $300 and then for $15. Very strange.

Just wondering if anyone can help explain how this 45 sold for 5% of what it usually does? Here is the link https://cgi.ebay.com/...=item5d28bb46e1

Here are 2 links to past sales https://www.popsike.c...0292363085.html

https://www.popsike.c...0384152832.html

in this case I think your opinion on whats the normal price is wrong. $5 is normal, $100-200 are freak occurances due to hot-headed bidders on auctions from popular sellers.

in this case I think your opinion on whats the normal price is wrong. $5 is normal, $100-200 are freak occurances due to hot-headed bidders on auctions from popular sellers.

Or peoples mates (or seller bidding it up)

I don't want to make you more confused than what you already are, but here is another example:

https://collectorsfrenzy.com/Default.aspx?ctl00%24SearchKey=spice+sweet+norma&SortKey=0

And then recently on ebay:

https://cgi.ebay.com/70s-soul-Spice-Cant-wait-till-morning-Comes-Sound-/390180484259?cmd=ViewItem&pt=Music_on_Vinyl&hash=item5ad891b4a3

I think this is a $10-$20 so $5 is pretty cheap, but $75-$100 are way too high. Bidders did not care or know about the value of the record.

I just don't understand how something can sell for $300 and then for $15. Very strange.

Side effect 7 inch is usually about $15-25 for a minter these days I think. Nice, popular tune but not rare. You get freak results on eBay when uniformed /crazy people with more money than sense enter a bidding war, as Mariju suggests. Unfortunately these show up on popsike but the ones that have sold for pennies don't. That's why both sites can be unreliable instruments as far as estimating the value of records. No substitute for knowing your market.

As for the Casino Royale 45: I saw that and meant to bid as it sounded like a nice bit of Tex Mex soul - but I forgot. However it's not exactly hugely in demand and would therefore be off the radar for a lot of collectors. No idea what it's worth, but given the fact that it's not a really high profile piece it's not impossible that someone got a bargain. It can still happen as many on here will attest.

I'd have thought all this would be obvious to someone with such a bold user name :thumbsup:

With the Side Effect 45 it probably didn't help with the seller listing it in the Dance, DJ & Electronic category.

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Side effect 7 inch is usually about $15-25 for a minter these days I think. Nice, popular tune but not rare. You get freak results on eBay when uniformed /crazy people with more money than sense enter a bidding war, as Mariju suggests. Unfortunately these show up on popsike but the ones that have sold for pennies don't. That's why both sites can be unreliable instruments as far as estimating the value of records. No substitute for knowing your market.

As for the Casino Royale 45: I saw that and meant to bid as it sounded like a nice bit of Tex Mex soul - but I forgot. However it's not exactly hugely in demand and would therefore be off the radar for a lot of collectors. No idea what it's worth, but given the fact that it's not a really high profile piece it's not impossible that someone got a bargain. It can still happen as many on here will attest.

I'd have thought all this would be obvious to someone with such a bold user name :D

Thanks for your thoughts and insights. I definitely understand economics (heck I studied it in school)...but always find it interesting when there is such a huge gap in what people are willing to pay for the same item over a short period of time. Statistical anomalies always intrigue me and I am trying to gather information that may help explain them. I guess they are bound to happen more so in an auction format where there are so many different factors to consider.

Thanks for your thoughts and insights. I definitely understand economics (heck I studied it in school)...but always find it interesting when there is such a huge gap in what people are willing to pay for the same item over a short period of time. Statistical anomalies always intrigue me and I am trying to gather information that may help explain them. I guess they are bound to happen more so in an auction format where there are so many different factors to consider.

These are not statistical anomalies, nor are they the result of the auction format. No need to perform complicated calculus or statistical differential analysis or ay other economics modelling tool.

As Maruj points out, your anomalies are due to smart marketing, product placement and the fact that they were both sold by well known sellers who promote themselves and their sales very well.

Of course we can point to the fact that the buyers in these cases have not done their homework etc but the fact remains the seller is not responsible for this and if they do well good luck to them.

Regards,

Greg.

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These are not statistical anomalies, nor are they the result of the auction format. No need to perform complicated calculus or statistical differential analysis or ay other economics modelling tool.

As Maruj points out, your anomalies are due to smart marketing, product placement and the fact that they were both sold by well known sellers who promote themselves and their sales very well.

Of course we can point to the fact that the buyers in these cases have not done their homework etc but the fact remains the seller is not responsible for this and if they do well good luck to them.

Regards,

Greg.

Statistical Anomaly = any value that falls well outside the expected range. It doesn't mean it can't be explained, but is definitely unexpected. Marketing and Reputation alone won't allow someone to sell something for 10X the value. I think the biggest factor here is like you said, buyers who are clearly uneducated. The reason why I posted this in the first place is to become a more accurate and knowledgeable predictor of value. By increasing these skills, I increase my margins whether it be on the buying or selling side.

I can't believe that anyone could get $100 - or more - for that Side Effect 45.

That's completely insane. Even $6.49 is pushing it a bit!

side effect isnt a £100 tune but its not a fiver either.and you are mad to think so. just because the 12in is available.people dont want the 12 they want the 7in. another example is laura lee`s version of your song on the same label. theres a few 12`s to buy. but the 7 is trickier to find these days. on a seven day auction not everybody sees stuff particularly when its at the cheap end

dave

Statistical Anomaly = any value that falls well outside the expected range. It doesn't mean it can't be explained, but is definitely unexpected. Marketing and Reputation alone won't allow someone to sell something for 10X the value. I think the biggest factor here is like you said, buyers who are clearly uneducated. The reason why I posted this in the first place is to become a more accurate and knowledgeable predictor of value. By increasing these skills, I increase my margins whether it be on the buying or selling side.

You won't.

If James Trouble was here he'd tell you that records aren't a good investment, and I agree. Put your money in Wall St. and use it to buy records you like.

You won't.

If James Trouble was here he'd tell you that records aren't a good investment, and I agree. Put your money in Wall St. and use it to buy records you like.

Can I have my words back please Dante - you took them right out of my mouth.

I might change my name to: "there's a fortune to be made in them there magic beans"...

Statistical Anomaly = any value that falls well outside the expected range. It doesn't mean it can't be explained, but is definitely unexpected. Marketing and Reputation alone won't allow someone to sell something for 10X the value. I think the biggest factor here is like you said, buyers who are clearly uneducated. The reason why I posted this in the first place is to become a more accurate and knowledgeable predictor of value. By increasing these skills, I increase my margins whether it be on the buying or selling side.

I understand the theory, and you could factor many buyer/seller/market/product etc attributes - previous sales, known availability, current demand, expectations, auction 'fever', number of watchers etc etc - into a statistical model to 'become more accurate' in predicting value.

It's a sensible approach whether buying or selling but this is a volatile market, that is far from a rational commodity market, so best of luck with it and I'd be happy to look at any models you develop.

My main suggestion is, do your homework, nobody wants to get mugged off, but most of all buy what you like and enjoy the music!

ATB

Greg. :thumbsup:

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