$500 on a rap record: who’s buying?

24

  Comments


  • mylatencymylatency 10,475 Posts
    just chiming in to say:



    yall need to step off of joshs dick... bunch of newbie fucking digging hatters... make me fucking sick you fucking rookies... if he bothers your fucking asses so fucking much why dont you make some fucking moves yourself?



    pussies







    "...so much hostility..."



    Damn if it irks you so much I'll take it down Justin. Josh Davis doesn't irk me, but I guess me posting a jpeg of him in this thread irks you! I know you're friends with dude, so let me know. Dude is respected, I just thought that was a funny pic of dude, like he's deep in thought about the subject, nawmean?





    And yo who are you calling a rookie? Saying, you happen to be a little older and wiser but a lot of us in this thread have been "digging" for a while now. Actually most of us in this thread.



    Not hatting, having a little fun. If that bothers you so much let me know.







    Actually, it bothers me that is bothers you. So I am self-editing as usual.


  • mylatencymylatency 10,475 Posts





    Thanks, have a fun week on Soulstrut!






  • Thanks, have a fun week on Soulstrut!


  • DORDOR Two Ron Toe 9,905 Posts
    Simple answer is

    HERE


    But really, who cares what someone pays for it. Unless it bothers you that it might make prices rise and in the process, make items you "want" unattainable.

    Big up to anyone that has always always wanted something and it finally happened. No matter how much you paid. As long as its not hurting you or your families living. Get urs and enjoy life.

  • mylatencymylatency 10,475 Posts





    Thanks, have a fun week on Soulstrut!



    "Sucking out the joy..."

  • HAZHAZ 3,376 Posts
    Hi,

    I don't see it being out of the question to drop 500 bucks on a lp or 12". Once you've amassed a gang of hip hop records, it becomes tougher to find stuff to pick up & you miss that thrill of discovery. If you're only picking up a rap record every 2-3 months, 500 bucks is not that bad. That's not to say there aren't new releases to cop, but I prolly only buy 10-20 new hip hop releases in a year. Back in the early 90's, I was getting 5-10 a month.

    h

  • DORDOR Two Ron Toe 9,905 Posts
    Hi,

    I don't see it being out of the question to drop 500 bucks on a lp or 12". Once you've amassed a gang of hip hop records, it becomes tougher to find stuff to pick up & you miss that thrill of discovery. If you're only picking up a rap record every 2-3 months, 500 bucks is not that bad. That's not to say there aren't new releases to cop, but I prolly only buy 10-20 new hip hop releases in a year. Back in the early 90's, I was getting 5-10 a month.

    h

    You can buy new hip hop on wax in MO RE ALL???


    I KEED I KEED...

  • faux_rillzfaux_rillz 14,343 Posts
    I think it's less a $ issue (which is a little racist to assume that there aren't any black folks with an extra $500 to blow) but rather like mylatency said that in hip-hop there's less of an emphasis on the status of original pressings and the market for this stuff is so new.

    Well, I don't think anybody one here is under the mistaken impression that there aren't any black people that have that kind of money.

    But it remains a fact of economic life in this country that real wealth (the kind that allows you to dump $500 on a piece of black plastic without a second thought) is concentrated amongst white people.

    The other thing here is that the Northern Soul phenomenon is some pretty white schitt--I mean it's rooted in the fetishization of this particular moment in time that consisted of white people discovering certain records by black artists. How many black people really care about whether or not a given record was played at the Wigan Casino?

  • jinx74jinx74 2,287 Posts





    Thanks, have a fun week on Soulstrut!



    "Sucking out the joy..."


    haha... youre a funny dude.

    why dont you lift that skirt youre wearing, check to see that your balls are still there, and then write what YOU WANT to write. dont edit... man-up time has come for you mark and you better act fast!

  • HAZHAZ 3,376 Posts
    people aren't quite yet paying thousands of dollars for hip-hop records, even if they are as rare as any northern or psych record.

    Aren't the northern records 30-40 years old? I'd like to see a soul/funk/psych record from 1990 catch 500 bucks.

  • mylatencymylatency 10,475 Posts




    You know what Jinx?

























































    Have a fun week on Soulstrut!



  • faux_rillzfaux_rillz 14,343 Posts
    people aren't quite yet paying thousands of dollars for hip-hop records, even if they are as rare as any northern or psych record.

    Aren't the northern records 30-40 years old? I'd like to see a soul/funk/psych record from 1990 catch 500 bucks.

    Again, though, I think it's less the fact that the records themselves are older than it is that the people who are buying them are older.

  • mylatencymylatency 10,475 Posts

    Again, though, I think it's less the fact that the records themselves are older than it is that the people who are buying them are older.

    Faux knows the time.

  • DORDOR Two Ron Toe 9,905 Posts


    But it remains a fact of economic life in this country that real wealth (the kind that allows you to dump $500 on a piece of black plastic without a second thought) is concentrated amongst white people.


    Interesting though.

    I don't know if it's true or not tho. What would the thought be on white people spending $10 on lil pieces of plastic.

    I mean. Since the mid 80's it's been a huge % of hip hop/rap sale.

    Or is the "economic life" in your country that bad?

  • I think it's less a $ issue (which is a little racist to assume that there aren't any black folks with an extra $500 to blow) but rather like mylatency said that in hip-hop there's less of an emphasis on the status of original pressings and the market for this stuff is so new.

    Well, I don't think anybody one here is under the mistaken impression that there aren't any black people that have that kind of money.

    But it remains a fact of economic life in this country that real wealth (the kind that allows you to dump $500 on a piece of black plastic without a second thought) is concentrated amongst white people.

    The other thing here is that the Northern Soul phenomenon is some pretty white schitt--I mean it's rooted in the fetishization of this particular moment in time that consisted of white people discovering certain records by black artists. How many black people really care about whether or not a given record was played at the Wigan Casino?

    Please don't take my one sentence out of context to turn this thread into a race thread.

  • mylatencymylatency 10,475 Posts
    Faux is stating facts, methinks.

  • HAZHAZ 3,376 Posts
    people aren't quite yet paying thousands of dollars for hip-hop records, even if they are as rare as any northern or psych record.

    Aren't the northern records 30-40 years old? I'd like to see a soul/funk/psych record from 1990 catch 500 bucks.

    Again, though, I think it's less the fact that the records themselves are older than it is that the people who are buying them are older.

    This is true - there are younger cats contributing to this market, I'm sure. Maybe not at the high end, but @ more modest price points. I think what has contributed to the rise of such lp prices in these genres is that you have people from a wider age disparity competing for an item. This doesn't seem to be so much the case with hip hop. The age of the item, tho, should be taken into account as a factor too, tho. The older an item, the greater its percived value to some folks. An educated buyer will not fall prey to this assumption, but how many buyers make an informed purchase? At the higher end of the market, I'm sure many will, but @ lower but still significant price points I'm sure mistakes are made. Ergo our "Look what this fool paid on ebay" threads.

    h

  • faux_rillzfaux_rillz 14,343 Posts
    I think it's less a $ issue (which is a little racist to assume that there aren't any black folks with an extra $500 to blow) but rather like mylatency said that in hip-hop there's less of an emphasis on the status of original pressings and the market for this stuff is so new.

    Well, I don't think anybody one here is under the mistaken impression that there aren't any black people that have that kind of money.

    But it remains a fact of economic life in this country that real wealth (the kind that allows you to dump $500 on a piece of black plastic without a second thought) is concentrated amongst white people.

    The other thing here is that the Northern Soul phenomenon is some pretty white schitt--I mean it's rooted in the fetishization of this particular moment in time that consisted of white people discovering certain records by black artists. How many black people really care about whether or not a given record was played at the Wigan Casino?

    Please don't take my one sentence out of context to turn this thread into a race thread.

    A****w, I'm just elaborating on one of my earlier points, that I think you sort of lifted out of context.

    However, the fact remains that this is an issue that's tough to disentangle from race. It's occurred to me before that most of the "rules" associated with collecting in the west--be it collecting of stamps, coins or records--were dreamt up almost exclusively by white people, and that sometimes (at the risk of sounding cryptoracist) I encounter a different set of priorities when shopping at black-owned/run establishments in black neighborhoods... more emphasis on music and less emphasis on stuff like matrix numbers and grading, for one.

  • i was just talking bout this with my partner here. we were talking about valuable indy/random rap records and how they are FUCKING IMPOSSIBLE TO COME UP ON. seriously, i find a top level knockout random record about as often as i find a mint penny goodwin "portrait of a gemini" and portrait of a gemini is played. alot of this random rap sounds fresh.


    rare black music pressed on janky indy labels with runs of 500-1000 copies that was any good = $$$$$'s doesn't matter if it is hiphop/soul/funk/shit/etc.

    anyone who gives a shit about random rap go to my page (lotuslandrecords.net) and check out mc rock la flow on squarebiz. a mental random discovery, we have a few copies of. shit is tight!!


  • BsidesBsides 4,244 Posts


    The other thing here is that the Northern Soul phenomenon is some pretty white schitt--I mean it's rooted in the fetishization of this particular moment in time that consisted of white people discovering certain records by black artists. How many black people really care about whether or not a given record was played at the Wigan Casino?



    Wow. Amen. It really is weird isnt it?


  • We are all going to see the hip-hop market blow wide open. Contrary to what Mark said, this is just the tip of the iceberg.

    This is a music where the primary consumer is just coming into their late twenties, early thirties (and forties, if you were into that real shit). People are working and making money, and discovering hobbies that connect them to their past, which may have included anything from spinning dorm parties to taping Red Alert shows. They will have the income to spend, in time.

    There are investments to be made now - not now, but right now - on current records too. Wax pressings are becoming increasingly limited, and there are gonna be - shit, there already are - records that came out in the last five, ten years that are already worth some good change. Stock up on those white label promos, indie records like G.U.N., local rap, etc. I have already said too much...

    Just do the fucking math yall. A northern record from the late sixties is almost 40 years old. Phill Most Chill is twenty years old. Give it twenty more years (the sum of most of yalls lives) and it will be double what it is now.

    We are not talking about DJs (who can buy boots/reissues) we are talking about great collectros who only want the original issue. As far as who I see in my shop, it's only collectors that are going to spend more than $20 or so for a record. Casual listeners don't care that much and DJs have serrato.

  • mylatencymylatency 10,475 Posts
    it's only collectors that are going to spend more than $20 or so for a record



    This is the flipside to my coin, JP, but really, how many great collectros exist in the world, JP? I think your shop is a great example of what is going on now in terms of collecting vs buying records. But the 40 year argument? I guess only time will tell....





    I'm with tripledouble though:



    Invest in real estate, not records

  • I think it's less a $ issue (which is a little racist to assume that there aren't any black folks with an extra $500 to blow) but rather like mylatency said that in hip-hop there's less of an emphasis on the status of original pressings and the market for this stuff is so new.



    Well, I don't think anybody one here is under the mistaken impression that there aren't any black people that have that kind of money.



    But it remains a fact of economic life in this country that real wealth (the kind that allows you to dump $500 on a piece of black plastic without a second thought) is concentrated amongst white people.



    The other thing here is that the Northern Soul phenomenon is some pretty white schitt--I mean it's rooted in the fetishization of this particular moment in time that consisted of white people discovering certain records by black artists. How many black people really care about whether or not a given record was played at the Wigan Casino?



    Please don't take my one sentence out of context to turn this thread into a race thread.



    A****w, I'm just elaborating on one of my earlier points, that I think you sort of lifted out of context.



    However, the fact remains that this is an issue that's tough to disentangle from race. It's occurred to me before that most of the "rules" associated with collecting in the west--be it collecting of stamps, coins or records--were dreamt up almost exclusively by white people, and that sometimes (at the risk of sounding cryptoracist) I encounter a different set of priorities when shopping at black-owned/run establishments in black neighborhoods... more emphasis on music and less emphasis on stuff like matrix numbers and grading, for one.



    Fair enough. I mostly agree with you about what you said. But racially-tinged threads have a way of getting out of control on this board.



    I'd also say most of the perceived-racial issues in the US today are shades economic, sociological, and cultural. Race is just what you see.



    Northern soul is an easy target. The perspective that british collectors are colonialist is a little warped. They've given the music a lot of life. US collectors may be #1 in production of interesting music, but they're at the bottom of appreciating this music.

  • it's only collectors that are going to spend more than $20 or so for a record

    This is the flipside to my coin, JP, but really, how many great collectros exist in the world, JP? I guess only time will tell....


    There's a new one born every day. I get college students that are starting their collections all the time. Maybe they'll sell in three years. Maybe they'll end up like our sorry asses.

    Hell, look at you. How long have you been doing this? My guess is 10 years or less. Most kids on this board have been collecting for half that.

  • faux_rillzfaux_rillz 14,343 Posts
    Stock up on those white label promos

    Ssssshhh...

    White label major label rap promos are the new funk 45s

  • jamesjames chicago 1,863 Posts
    US collectors may be #1 in production of interesting music, but they're at the bottom of appreciating this music. They've given the music a lot of life.

    I'm not sure I follow.

  • Phill Most Chill is twenty years old. Give it twenty more years (the sum of most of yalls lives) and it will be double what it is now.



    Or maybe there will be nobody who gives a f**k about it at all. I hope you are right... hopefully I will still be clinging onto 5 or 6 copies for dear life.



    Or, even better, hopefully i will still be clinging onto life.



    Phill Most Chill is twenty years old.



    Oh, if only this was true! Well, I don't need any Viagra yet, so I have no complaints.




  • I'm not sure I follow.

    EDIT: reverse the last two sentences.
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