We freely admit that we paid south of thirty bucks each at local stores for many of the records on our site. We pay what the stores charge, and most good rock records are priced from ten to thirty bucks these days.
Unfortunately for us, the price we paid for the records you see on the site is only a small part of the cost of the finished “product.” The reality of our business is that it costs almost as much to find a Carly Simon or Gino Vannelli Hot Stamper that sells for a hundred dollars as it does to find a Neil Young or Yes Hot Stamper that sells for five times that.
With eight to ten full-time people on staff, the listening crew constantly playing one title after another, the scores of listings going up on the site daily, all-day shopping trips to local stores, internet searches for the rarest titles, and the weekly mailers going out to our customers — all of this and more runs in excess of a thousand dollars a day. The cost of the records — the “raw material” of our business — is rarely as much as the labor it takes to find, clean and play them.
Finding good clean vinyl these days can be a real chore. Someone has to drive to a record store, dig through the bins for hour upon hour searching for good pressings, or, more likely, pressings that look like they might be good, have them all cleaned, file them away and then wait anywhere from three months to three years for the pile of copies on the storeroom shelf to get big enough to do a proper shootout. (more…)