Record Collections and Music Appraisal services from Music appraiser Scott Neuman
Is your record collection worth money? Thank you for considering us for an appraisal of your record or music collection. As you know, many records are now valued in the hundreds and thousands of dollars. Every day we receive 50 to 100 requests for appraisals. Because of the amount of appraisals that are requested per day, we've instituted a reasonable fee to cover our cost, time and expertise for these appraisals. Our current fee is $20.00 for the first item of the appraisal and $5.00 for each additional item. For collections with over 200 pieces, please call us 732-505-5337 or 848-333-8899 for adjusted rates. We accept material to be appraised in either text format or an excel spreadsheet (preferred) format emailed to firstname.lastname@example.org. We can take just about any text file and import it into a spreadsheet. We must receive payment for appraisals before any work can begin and payment may be mailed to the address below payable to "Recordweb Communications" or emailed via paypal.com for credit card to email@example.com. We also directly accept all major credit cards including Visa, Mastercard, Discover and Amex.
All information must contain the following information. Artist, Title, Type of item, Condition (1 - 10 is fine with 10 looking like it's brand new), Label and label number. If the item is a 45 single, does it have a picture sleeve? Also any other comments you'd like to make about the item. Examples could be if it's a promotional or "Not for Sale" copy, If it's a test pressing or acetate, If it's autographed and so forth.
If necessary, we can and will travel to your location. For those of you with larger collections, We do work on a rate of $200.00 an hour plus travel, food and lodging expenses if you need us to come to you. This is only by appointment. Many of our customers have used this service. A deposit of 50% of the estimated job time is required for us to travel to you. Balance due when you leave your premise. Final appraisal forms are mailed back to you within 48 hours or if possible completed on site.
We also can accept items shipped to us for appraisal. You will be paying for the shipping back and forth of the materials. We will charge your credit card for shipping at the time of appraisal. Sometimes it makes more sense to mail a collection then to spend the time to type out of the information or have us travel to you. It all depends on the size of the collection. Cost is also $200.00 per hour or the $20.00 for the first item and $5.00 for each additional item. We calculate this on what ever is cheaper for you. Feel free to contact us for more information.
CASE STUDY ONE: one of our customers called and mentioned they had a record and picture sleeve on auction with Ebay. The item was about to end and they wanted me to appraise the item because someone had offered them $250.00 to end the auction early. Based on an estimate from a local dealer, they thought that was a fair offer. After reading the description and getting one more piece of information, I made an offer to find a buyer for it for $4500.00 and told the customer the correct retail and wholesale prices. She immediately canceled the auction because someone else had told her the maximum value was only $200.00 to steal the item.
CASE STUDY TWO: I've recently appraised some collections that were valued at $18,000, $86,000 and $295,000. Our appraisals have been used for charitable donations, estates, property damage and for resale. We know what the retail market is for pre-recorded music items. Do you know for sure what a record is worth? It doesn't have to be old to be valuable. If it is rare or collectible, we will know it. If you don't know the correct valuation for a record, it pays to contact us for an appraisal before selling a collection or donating it to a charitable organization. Let me know which way you'd like to proceed and I'll take care of the rest.
CASE STUDY THREE: I recently appraised a collection for property damage. A couple had their collection damaged by water from an upstairs neighbors pipes. The insurance company offered $1500.00 for about 1500 records. We traveled to the couples apartment and inspected each record and cover. All had some degree of water damage on the covers. Many were rare Jazz, Rock, and Soul items. Since you will lose almost 90% of the value because of this type of damage, our appraisal came in around $12,000. When presented with this information, the insurance company, rather then go to court with our expert testimony, offered to settle for $9000.00. Over $7500 more then the original offer.
CASE STUDY FOUR: So you come home and see fire trucks in your front yard, half your house is crispy from a light bulb that shorted out. You lost important papers, photographs, furniture and the record collection you worked 40 years to build. You had over 5000 records, now pretty charred but you can still pick out the covers, the water from the fire department got into everything and you won't be able to recover the collection. Your insurance company will offer .25 cents to $3.00 per record and you are supposed to be happy with that. Your Beatle records, Your Stones records, Some jazz from the 50's, your punk 45 collection? Get an appraisal. Taking the time to make a list or have us come out and inspect the records could increase the value of the collection hundreds of times over. We know what you had and can explain to the insurance company just what the fair market value of that collection was so you can receive the proper settlement, not the one they want you to settle for. We've worked with insurance companies before and we've worked for insurance companies also. We understand what you both are going through so that a fair resolution can be had.
CASE STUDY FIVE: One of my favorites. An attorney called us to place a value on a collection for estate purposes. This particular collection was owned by someone in the music business. For the most part, his estate didn't want the items which contained rare RIAA awards, autographs from artists, CD's, promotional records and books. After appraising the collection for $80,000, we then suggested a consignment company to sell the collection for the estate. The total selling price of the collection via this consignment company was close to $75,000.
CASE STUDY SIX: When is a record not a record, when it's an acetate, a reference disc created by a band or engineer to see how a record will sound before it is pressed into millions of vinyl records. They look very much like a record but they are heavier then normal and have a nice pungent smell, much like a tire company in Akron, Ohio. These have different values but we recently appraised one and was told it was just a test pressing and we valued it at $500.00 for the particular artist. We also accepted this item on consignment for resale. When we got it in, it was an acetate and not JUST a test pressing. Now, rather then $500.00, we're valuing it at $5000 and up to $50000 depending on the marketplace. Get your collections appraised. Most customers don't have a clue what they have in their possession. A dealer won't tell you and has nothing to gain by telling you. Call me at 848-333-8899 to discuss your collection at no charge.
Many of our customers rather then sell their collections, donate them to charity. You can use our appraisal for this purpose. We follow all IRS regulations when it comes to appraising your collection. For more information, click here to visit the IRS rules for collections.
Recordweb Communications LLC
P.O. Box 526
Lakehurst, NJ 08733
Many customers ask about my background. I've been a collector, Radio announcer, DJ and dealer since around 1975 when we opened Back Track Records in Trenton/Ewing, NJ in the mid 80's. We also had an interest in a record store in Franklin Park, NJ. I was an original Eppraisals.com appraiser. I am a Yahoo Music Expert. I'm a registered Ebay auction assistant. I'm a member of the Universal Autograph Collectors Club. I am a pending member of the American Association of Appraisers. I currently own close to one million albums, 45's, cd's and the like from my personal collection. I've been referenced in many newspapers and magazines for my appraisal work. I am the music collectibles expert for the Gannett Newspaper chain's Asbury Park Press. We've been hired by insurance companies for property damage claims, law firms for estate valuation, private companies that have taking items on consignment and want to create the maximum value for the collection in the market place, private individuals that want to put an insurance value on their collection, couples going through a separation that want to put a fair value on a collection and people that want to donate their items to charity and want to make sure they are donating at a fair market value. We've also been hired to place collections of value with the correct consignment dealers that can move the collection without having to give it away.
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