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Anyone paying £77 for a Grapevine record needs their head testing.
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The psychology is fun too but a tad worrying: heuristics and related stuff re utility and value, frames & the impact of formulation effects i.e. emotive auction descriptors, memories
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The price of a record is what someone is willing to pay for it matching up with what someone is willing to sell it for, that's it. You can offer records for "under book price" until the c
Thought I'd point out that the phenomena of buying at higher prices from auctions, when the same records are available cheaper on set-sale, sometimes hits the main dealers too.
Take the Darrow Fletcher 'What Good Am I Without You' which sold on e-bay last night for £115:
https://www.ebay.co.uk/itm/110933062882?ssPageName=STRK:MESELX:IT&_trksid=p3984.m1555.l2649#ht_500wt_957
Well done to the seller, and good result!
But as for the buyer, why did they not just go to Manship's site and buy it for £100?
https://www.raresoulman.co.uk/d/52019/FLETCHER,_DARROW
It's there plain enough in the 'shop window' for everyone to see.
Just goes to show the record buying/collecting world is a funny one, and the psychology involved is interesting to say the least!