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Blue Note reissues as an investment?



What are your thoughts about the investment potential of the Music Matters' numbered limited edition releases versus the unnumbered limited edition copies? How about the Analogue Productions limited edition numbered Blue Notes?

(Some will be outraged, no doubt, about people buying these with the intent to sell on ebay in the future but that's a different issue. Frankly, I have no problem with it; People buy art, real estate, etc as investments and this is no different.)

I just ordered the Music Matters' subscription but plan to listen to all of them and sell only what I don't like. That said, I hope I love them all. If I had the money (I don't) perhaps I would buy two sets and keep one as an investment.

BTW, Elusive Disc just announced they have more subscriptions available in case you thought you missed out.
kublakhan
opalchip
354 posts
 
There's a lot of randomness on Ebay, and i didn't see the auction you're referring to but that result would be a rare one. The McLean Blue Note sets have averaged around $270-$280 for years. One just went in March for $270, and there's one up right now finishing in a day or two, so watch that one. So they are trading above the original cost. But what made your set a good "investment" was not rising prices, but rather that you bought it at a below market price.
kublakhan OP
717 posts
 
Opalchip,, that McLean on ebay right now is actually a cd set. The past auction I was referring to is too old to show up...it just disappeared a couple of days ago. Even for what you say is the average price for that mosaic set it's still hard for me to justify holding on to it. Keeping it when it's selling at that price is basically the same as buying it for that price.
opalchip
354 posts
 
Hi - Oops, for some reason, that set showed up in my search for lp's but I didn't open it to read the description. You can see a list of many past auctions here:

http://www.popsike.com/php/quicksearch.php?pagenum=1&searchtext=mclean+mosaic&incldescr=¤cy=&sortord=ddate&thumbs=

And yes, as a professional stock trader, I would say your point of view is absolutely correct. If you can sell it for $300 and you don't, that IS exactly the same as buying it at that price.

Frankly, if you put it on Audiogon (with a reserve), you might do much better than the Ebay average. Jazz LP's are often going for truly insane prices here - which is a whole other discussion in itself.
gerrym5's avatar
gerrym5
285 posts
 
Buy the LPs you want and you are investing in your music enjoy every time you put one on the TT. Get a spare if you think you need a back up, but think of it as a spare only.
kthomas
911 posts
 
Undoubtedly a bad investment, at least in any predictable sense, for all the reasons mentioned already. But, great enjoyment factor, so I can't imagine wanting to sell them later anyway - every one of the AP and MM sets I have received I just love. Maybe they'll be worth a lot when my kids are cleaning up my estate in a few decades :-)
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