Largest collection of recorded music in the world is for sale - Updated 8/22

[kranky]

Up for auction on ebay is the largest collection ever. The owner is a local legend and has been written about many times over the years in the newspapers. Used to have a record store but is retiring.

Buyer gets everything the guy owns: the records, the CDs, the music publishing companies, the record labels, the music-related antiques, rights to his patented cleaning systems.

Opening bid: $3,000,000.

Story in today's newspaper.

UPDATE: He's closing down for good. Link to story.

 

[mrrman]

thata amazing...wish I had just the $3M

 

[rivan]

Originally posted by: mrrman
thata amazing...wish I had just the $3M

Really amazing.

Funny, though: Save $10!

 

[JulesMaximus]

What? No free shipping? :|

 

[BrunoPuntzJones]

Q: Can pigs swim? Feb-20-08
A: To the best of my knowledge, the pig is the only mammal that can't swim. Now go home; your mother is worried.

Heh

 

[Randum]

lol, well i bet with a couple computers, you could have that music collection too... without the storage space!

 

[sdifox]

I hope the house comes with it. I ain't boxing 3 million records up and then unpack them again.

 

[daveshel]

Last I looked (can't get there at work) there were no bids.

 

[Alistar7]

Originally posted by: daveshel
Last I looked (can't get there at work) there were no bids.

Still sitting on 3 million, a veritable steal. You also get control of his publishing companies, independent labels, some antique recording equipment valued at 100k, plus rights for various products. Even if you just dumped the CDs for @$3 a pop you would recover a cool million. The 29 million he turned down 9 years ago is moot, much of that could have been from his businesses which have since spiraled down in value.

I will toss in $100, we just need 49,999 more AT'ers so we have room to bid up to 5 million. It ends at 9am, we better get moving.

 

[TruePaige]

He waited too long.

No one wants his dying, expensive medium, that's why it has no bids.

It could be done for about 10 grand max, mirrored onto a series of hard disks.

 

[Krazy4Real]

I don't see anyone buying it for that much.

 

[Ns1]

Originally posted by: TruePaige
He waited too long.

No one wants his dying, expensive medium, that's why it has no bids.

It could be done for about 10 grand max, mirrored onto a series of hard disks.

If that were true books would have no value...


I'd buy it if I had a net worth of 10-15mil

 

[Journer]

what a stupid auction. someone could legally buy all that music for less...or hell, they could pirate it for the cost of a double TB of disk space

 

[Canai]

Originally posted by: Journer
what a stupid auction. someone could legally buy all that music for less...or hell, they could pirate it for the cost of a double TB of disk space

Did you read it? 3 million vinyls, plus what, 600k CD's? Even at $1 a record, you're still looking at the value of the CD's, companies, label, and antiques.

And many of those vinyls are worth well over $1

3mil vinyls for 3mil? That's a fucking steal. I wish I had the money, as I'm sure he has records nobody else does.

 

[sygyzy]

What does this mean (from the article)?

Mr. Mawhinney estimates the value at $50 million and said that CD Now nearly bought it for $28.5 million earlier in the decade, just before stock in the online Web site plummeted.

 

[Mrvile]

Originally posted by: Journer
what a stupid auction. someone could legally buy all that music for less...or hell, they could pirate it for the cost of a double TB of disk space

lol

 

[Mrvile]

Originally posted by: sygyzy
What does this mean (from the article)?

Mr. Mawhinney estimates the value at $50 million and said that CD Now nearly bought it for $28.5 million earlier in the decade, just before stock in the online Web site plummeted.

CD Now is a website, they almost bought his collection, but then for some reason their stock dove and they probably ran out of money. I'm pretty sure that's what it means.

 

[sonambulo]

I've read a few other articles about this guy and his collection. From what I understand most of his collection consists of common records or shit no one wants to hear and I'm guessing this is why he's trying to sell it all off in one block. Best of luck to him.

 

[BrokenVisage]

Too bad I live in Africa.

 

[sygyzy]

Originally posted by: Mrvile

Originally posted by: sygyzy
What does this mean (from the article)?

Mr. Mawhinney estimates the value at $50 million and said that CD Now nearly bought it for $28.5 million earlier in the decade, just before stock in the online Web site plummeted.

CD Now is a website, they almost bought his collection, but then for some reason their stock dove and they probably ran out of money. I'm pretty sure that's what it means.

OH! CD Now the website. Geez.

 

[Nitemare]

Originally posted by: rivan

Originally posted by: mrrman
thata amazing...wish I had just the $3M

Really amazing.

Funny, though: Save $10!

Damn, I'm in

Wait, does he ship to Nigeria?

and how is it a no reserve auction when it has an opening bid of 3 mil?

 

[trmiv]

Man if that sells, the ebay and paypal fees are going to suck!

 

[Ns1]

Originally posted by: trmiv
Man if that sells, the ebay and paypal fees are going to suck!

About 185k, give or take 15k depending on his fee structure

 

[mugs]

Originally posted by: TruePaige
He waited too long.

No one wants his dying, expensive medium, that's why it has no bids.

It could be done for about 10 grand max, mirrored onto a series of hard disks.

3 million records... figure 30 minutes apiece... 60 minutes in an hour, 24 hours in a day, 365 days in a year... unless I screwed up somewhere, that's 171 years worth of music. I think you're missing the point...

 

[GTaudiophile]

0 Bids says it all.

Something is only worth as much as someone is willing to pay.