"Rare" is one of the most mis-used terms out there. A lot of the so-called "rare" records aren't really rare at all -- there are many copies around -- just not enough to meet the demand for them.
"sought-after" or "valued" would be much more appropriate terms. There are plenty of records for which there might be less than 10 copies left in existence -- but they're still worthless, because nobody wants them.
Examples: I have three items that would fit the commonly-used definition of "rare" -- i.e., they're worth a lot. The 12" of "Sun... Sun... Sun..." by Jâ-Kki, and copies of Lou Reed's "Metal Machine Music" and Sex Pistols' "Never Mind The Bollocks" on 8-track.
Yet, there are actually hundreds of copies of all three of these items in existence. All were quite successful in their day and sold by the thousands. They're considered "rare" because there are many more people trying to obtain them than there are copies for sale, and some of these people are willing to pay crazy sums of cash for them.
Meanwhile, I have loads of obscure German electronic LPs, long-forgotten disco 7" records, and boxes of other 8-tracks for which there are probably only a handful left in existence. These would actually be much more "rare", but I doubt you'd ever see them described as such, because their net worth is zero.



Reply With Quote

Bookmarks