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It's not banjos we should be investing in. Holy Cow

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Sep 14, 2019 - 4:26:59 PM
1867 posts since 12/31/2005

It's Jim Mills books that we should have been stuffing in the closet.  From Amazon:


 

Edited by - Brian Murphy on 09/14/2019 16:27:29

Sep 14, 2019 - 4:43:41 PM

2094 posts since 9/25/2006

I’ll sell ya my copy for $400. I’m feeling generous...lol.

Sep 14, 2019 - 4:49:39 PM
like this

GStump

USA

278 posts since 9/12/2006

possible typo or some other goof going on. isn't this book like 50 bucks or so? by the way - i have NEVER bought one single item from amazon, NOR do i intend to. with what little bit of research i have done, most items available thru amazon can in fact be purchased for the same or LESS money, IF one will simply LOOK around a bit!! ok, ok, i'll get off my soapbox now....

Sep 14, 2019 - 6:45:36 PM

1533 posts since 1/13/2012

Book and CD prices on Amazon are often set by an algorithm that takes into account print status. If a book is out of print, the price often automatically jumps to ridiculous levels.

Sep 14, 2019 - 8:46:21 PM

505 posts since 5/19/2018

Better remove my copy from its revered spot next to the hopper....

Sep 15, 2019 - 2:35:38 AM
likes this

3317 posts since 1/2/2004

Andy FitzGibbon is exactly right: On Amazon.com, an algorithm sets the price, taking into account how long the book has been out of print among other things.

One day about 20 years ago I got a call from my son about a book I wrote in the 1980s on modern Vietnamese politics. It had just come off the active printing list of the publisher. My son had never been interested in the topics I pursued, asked whether I had a spare copy.

I didn't have a copy, but suspected that I could buy a second hand one for him on Amazon, so I looked it up and found what had been a 20 dollar book marked up to 300 bucks, presumably because it had been out of print for X number of years. I guessed my son intended to make a bundle but since I did not have any copies I suppose I foiled his clever money making scheme.

The good news for banjo players is that books about banjos have a higher value in this algorithmic calculation than books about contemporary politics . . .

Sep 15, 2019 - 3:50:21 AM

2200 posts since 4/29/2012

I'm a regular on Abebooks and often see this. But usually, for anything that isn't extremely rare, there are a few dealers who use their brains and knowledge rather than an algorithm. So you see a book with 5 similar condition examples; 2 at $500 and 2 at $10. I wonder what the result would be if you actually contacted one of these dealers and offered a fair price ? Maybe the business model is "price everything stupid high and wait for the rare mug". Sort of a bit like Nigerian email scams.

Sep 15, 2019 - 9:20:28 AM

1905 posts since 1/10/2004

I'm sure people are lining up to buy at that price.

Most people who want this book probably bought it a decade ago.

Sep 15, 2019 - 9:24:36 PM

1072 posts since 7/12/2004

It's not just books that get the Amazon treatment. Now and then I see one of our old out-of-print CDs on Amazon, marked up similarly. Interesting to see a CD on the site for $500 when we have 50 in the basement. I wish we could actually sell them for that much...

Sep 16, 2019 - 12:09:46 PM

21 posts since 7/4/2019

I personally am an eclectic collector. I collect what I like. A little bit of everything. I have been to homes of collectors who have lost control of their collection. They have it everywhere. In order to sit on the sofa you have to move items to the bedroom. In order for them to sleep they have to move items to the sofa. That to me isn't right. 

As to books going for over $500 is insane especially if they aren't owned by someone famous or at least signed by someone famous. 

Edited by - Sped Man on 09/16/2019 12:12:40

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