I’ve done a few posts about money and prices of a few different things recently. I thought I’d do a few quick updates and also discuss the insane prices of a few records. But first, I’ll provide two quick recaps of prices I covered awhile back.
As I wrote in the original post, I was a foolhardy individual and dropped $10 on Megadeth’s crypto launch awhile back. That was in December when $MEGA was first on offer. The price was tanking when I posted about it, my $10 had whittled down to $7.
Here we are a month and a half later. My $7 in 21 Megacoins is now a bit under $5. It appears that economic forces have further stifled any fortune I might have made off Megadeth and cryptocurrency. I really don’t know what to do with these Megacoins so I will probably just ride this rocket straight into the ground. I could have done any number of things with that ten spot but oh well, the meme was worth it.
Tool’s last album on vinyl
I did a post just after we all found out that Tool were selling “tour editions” of Fear Inoculum on record for $800 at their shows. The price point was insane, even for an autographed edition of an unwieldy, super deluxe 5 LP edition in ornate packaging.
As updates to my original post indicate, the band opened up the “normal” edition of the album for pre-orders to ship in the beginning of April. Those not-tour editions came with a much more reasonable price tag of $170. Though I probably have better things to spend money on I went ahead and pulled the trigger on a pre-order. It’s excessive and not at all necessary, but under $200 is a justifiable price point for the ultra deluxe package. A more budget-friendly 3 LP edition could be manufactured, but as I noted in the original post, Tool are in no rush to get their albums on vinyl so I didn’t want to be left out. These will be flipped very hard when they hit in April, no doubt about it.
Vinyl prices are nuts
I’ve been over it a few times, including just the other day – vinyl prices are crazy. The supply is constrained by outsized demand and undersized manufacturing. Things do not appear poised to get better any time soon, it seems people are hoping that capacity magically increases itself or something.
One thing I’ve noticed is that the secondary market is really getting out of hand. I don’t know enough about it to know if it’s coordinated flipper/gouging activity or if it’s simply supply and demand. Maybe it’s both, I don’t know.
Over the past 18 months or so I picked up most of the Alice In Chains discography on vinyl. Facelift got a new reissue in 2020 and I got it from the local record store on release. I bought Dirt, Unplugged and Jar Of Flies/Sap as well, all were older reissues that I paid normal retail prices for. I don’t have the self-titled release as it hasn’t been reissued and goes for big money, I also don’t have 2000’s albums as they spiked quite a bit right after release.
But going back to the Layne Stayley-era albums I did get – I bought these about a year ago, maybe late 2020. Again, I paid $30 or less for each of them, they were all on the store shelves and priced in the normal $25-30 range. Here are the present Discogs median values for each of these releases.
Dirt – $111
Facelift – $37 (nothing listed for sale under $50 though)
Jar Of Flies/Sap – $109
Unplugged – $189
Those prices are crazy. Facelift is still holding serve as a newer reissue but the intent of sellers to mark it up is clear. The others have flown up in value and are approaching crazy territory. And, as usual, the copies listed for sale are well over the median prices.
Alice In Chains is a very popular act and their vinyl will remain in high demand. Everything could be reissued again to keep prices at retail for buyers who don’t want to sell a kidney for the records, but of course the supply constraints of vinyl manufacturing come into play. How long would it take to press new runs of these albums? Would the major label take priority at a record plant and shut out smaller labels already far behind on album releases, or will the label just let the high secondary market continue and do a reissue later on? It isn’t like record labels really care about secondary prices, other than to gauge perceived demand for a back catalog repress.
I’ve had thoughts about selling off my AIC records with these insane prices going on. I don’t want to mess with the online marketplace though and I don’t know what I’d get from a record store for them, so I probably won’t. But these prices are tempting to sell into.