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Why is discogs mostly way overpriced?


bwhale

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well I'd say that the main reason is that eBay is an auction, meaning that prices START at a certain point, but might end much higher depending on bids, even higher than those on discogs (believe me, I've seen it happen ;) ). On the other hand, prices on discogs are the final price, so if you agree with the asking price you buy it directly, there is no competition.

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There is an offer system on Discogs... so yes, prices always rise on eBay but they can come down on Discogs. I know some of my higher priced items are just there in case someone wants to spend that much... I don't really want to sell everything I list but I'd be willing to take a nice pay-out for some. That's the mentality that leads to some of the higher prices... fact is that some collectors pay top dollar for releases. I was regularly earning a hundred euros for any Infected Mushroom LPs I listed on eBay a few years ago... same goes when I post on Discogs. That stuff sells quick. So it's also a matter of what the market can bear. Anyway, no one is forcing you to buy anything... and plenty of those expensive psytrance CDs are never going to sell.

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PS I'd like to ad that contrary to the popular belief, people who sell stuff on discogs do NOT make that much of a profit (or any profit at all). The thing is that for every vinyl/CD that you sell for an over-inflated price there are like 10 vinyl/CDs that don't sell at all, so basically the profit you make for one barely covers the stock of unsold stuff. Also keep in mind that there's a 5% fee to pay for every sale on discogs + more or less 3% if you're paid through paypal + the cost of packaging.

 

So if you do it like Basilisk says and buy stuff for yourself and keep it unless someone is willing to pay a premium then it's ok, but if you buy a stock of albums with the intention of making a business out of it then you'll quickly realize that you'll be losing more money than you make (and that's even with these aparently insane prices)

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