Vaulting records for $$

Started by fireblanket, July 29, 2013, 12:09:47 AM

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fireblanket

Whenever I have heard from F&V that they have found some old releases in storage then they always sell them for the same price as they were originally sold, that makes perfect sense to me, even when they had left overs of long sold out XE/Goatmoon 7". This new seller on Discogs who I guarantee is the guy who runs Assembly of Hatred (same initials and from Hong Kong) is yet again selling another copy of his XE 7" lathe for 55 Euros. I'm pretty sure that the third one he's sold of discogs. His prices for his lathe series were always pretty pricey (but I'm sure the process isn't cheap so not complaining about that) but keeping back a load of copies to sell later for double/triple the original price is pretty shitty behaviour in my opinion.

Purple Blossoms

Quote from: fireblanket on July 29, 2013, 12:09:47 AM
Whenever I have heard from F&V that they have found some old releases in storage then they always sell them for the same price as they were originally sold, that makes perfect sense to me, even when they had left overs of long sold out XE/Goatmoon 7". This new seller on Discogs who I guarantee is the guy who runs Assembly of Hatred (same initials and from Hong Kong) is yet again selling another copy of his XE 7" lathe for 55 Euros. I'm pretty sure that the third one he's sold of discogs. His prices for his lathe series were always pretty pricey (but I'm sure the process isn't cheap so not complaining about that) but keeping back a load of copies to sell later for double/triple the original price is pretty shitty behaviour in my opinion.
Agreed.

P-K

ha, selling those after stating they where sold-out : what a wank. no excuses.

Zeno Marx

They used to refer to this as "vaulting".  Labels holding back a percentage of the pressing upon speculation that they become collectible and gain in value.  Slap A Ham immediately comes to mind.  You don't see it as much anymore, but possibly in its place, we see these silly-ass diehard editions.  Q:  A turntable mat?  A:  I cannot live without the turntable mat.
"the overindulgent machines were their children"
I only buy vinyl, d00ds.

ConcreteMascara

Hospital Productions did this, especially when the store was around still. Shit would be expensive but Dom would always negotiate.
[death|trigger|impulse]

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bitewerksMTB

Makes sense to hold back copies. Definitely comes in handy later on for extra cash or trade or someone you forgot about. There is a thin line between a reasonable collector price & ripping someone off but that feeling goes away soon enough...

RyanWreck

#6
I've never really been one to get my jimmies too rustled about the bad labels or sketchy people (unless they are doing it to people on my forum, but that has more to do with people being comfortable using my trade board). As long as they are sending the stuff you order its up to others how much they wanna pay, the demand will dictate that, and more power to a label or artist if he can get another $20 from holding back a few tapes or records he put out in the first place. A random distro doing this with some artists stuff they are not connected to, or a private seller "combat flipping" (or whatever you nerds call it these days) is a bit skittish.

Zeno Marx

Always struck me as scuzzy when involved labels did this.  Nothing worth a heated argument.  Just my gut to it is all.  Indifferent to artists doing it.
"the overindulgent machines were their children"
I only buy vinyl, d00ds.

bitewerksMTB

For labels, I guess, it depends on how many they hold back. It can be kind of annoying to read "we just found a box of these..." but then it also depends on their price.

andy vomit

there's been one or two times where i've come across danvers state releases that i'd previously listed as sold out.  when i find them, i put them up for sale at their original price.  i can't stand when labels do it-- another good one for it is southern lord (well, they used to do it, no idea anymore as i haven't followed too much of their recent output).

i have to say it bums me out to see that assembly of hatred is (possibly) doing this  ... he put out a lathe for me as well, i have no idea if he sold out of his copies, but i do know it was crazy expensive to begin with (in his defense, he spent a shitload of money just to get 30 copies of the thing, so i understand). 

but still, i can't stand when labels do this.   
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danversstaterecordings.blogspot.com


Johann

I don't really care, it's shitty behavior and it makes me respect the label less. But, at the same time some record dork is paying (online and completely impersonally) and probably not complaining. The Hospital drama, I also didn't care about, I went to the store several times when I lived in NY and I always found the dudes to be super reasonable, Dom was willing to work with you and was selling lots of long out of print LPs for great prices (where I know the same LP's sell for much more on discogs).

Zeno Marx

Running a label is a service industry.  First, you serve the artist, but following a close second, you serve that artist's audience.  You're a general contractor between the architect and the home owners.  For me, there shouldn't be side-benefit to that, as in additional profit from [what I consider] slimy practice.  It's like installing a floor and selling the leftovers rather than leaving them for the homeowners or returning them for a refund for the homeowners.  Maybe not the best analogy, but it's good enough to represent the gist of how I see it.  You always act in the best interest of the artist or their audience.  If you're following that rule, it doesn't leave any room for vaulting.  It doesn't fall within the parameters of serving either; thus, crappy.  It isn't that I think a label should be a thankless job, just that money should be flowing through you and not to you.  As for artist operated labels selling their product, there's obviously some gray area there, but it's still kind of dingy to do.
"the overindulgent machines were their children"
I only buy vinyl, d00ds.

bitewerksMTB

Running a label is not part of the service industry- the service industry produces no tangible goods. Records, tapes, & cd's are tangible goods.




BARRIKAD

#14
I know people that, at least in the past, bought two or more of the same EP they liked for several years. I guess this could be viewed as another form of vaulting. I never figured that any listener/label really would have any trouble with this but maybe I wrong? I'm more provoked with labels that 2013 still sell CD's for 15 euros then paying 30+ euros for one of the last lp's in stock.