Bitter Creek "Plastic Thunder" quantity found!

[KipBrown]

Thought it was my duty to inform the community about something I witnessed on the "Vinyl LP" Facebook page. Some weenie posted that they had 500 boxed mint copies of Bitter Creek "Plastic Thunder" on Mark IV out of Georgia. The now deleted thread was comical as the clueless seller couldn't see how revealing that he had 500 mint copies of the record effected it's value as he was adamant he was going to get $120 PER COPY! Racial epithets, anti-semitism, mockery and arrogance ensued. I preserved as much of the thread as possible but will post just the header so you can see the original post in question. Just wanted to get the word out to people so they would BEWARE of paying too much for a record from a nimrod who not only has 500 mint copies but thinks he can get $120 each!

 

[Frantic]

HA. His name is Jeremy Crapo

 

[bosshoss]

Thank you Kip. I guess the seller is not aware of the size 60s garage/psych collector community, or the rarity of most of the 45s that attract high prices.
500 copies existing would make that 45 one of the top 10 most common '60s garage/psych records on the planet today. It's not bad for what it is, and many people would really dig it.
An asking price of $30 or $40 would be the limit in my opinion. Really, it should be less. If the seller is politely made aware of the realities of the market, maybe he'll realize his error and amend the offer.
Here's hoping he doesn't hide or trash 490 copies to make the remaining 10 copies rarer, haha!

 

[KipBrown]

Thank you Kip. I guess the seller is not aware of the size 60s garage/psych collector community, or the rarity of most of the 45s that attract high prices.
500 copies existing would make that 45 one of the top 10 most common '60s garage/psych records on the planet today. It's not bad for what it is, and many people would really dig it.
An asking price of $30 or $40 would be the limit in my opinion. Really, it should be less. If the seller is politely made aware of the realities of the market, maybe he'll realize his error and amend the offer.
Here's hoping he doesn't hide or trash 490 copies to make the remaining 10 copies rarer, haha!

The problem here is that the seller had a major chip on his shoulder and actually stated he saw himself making thousands of dollars from selling the 45 for $120 per copy. I almost feel like I should post screen caps of the conversation where other collectors were trying to reason with him and he became more and more obnoxious as the conversation went on. If it hadn't been for his attitude, I probably wouldn't have posted anything about it here or anywhere but I felt compelled to slow the guy's roll anyway I could and this seemed like as good a place as any to get the word out. I wouldn't want any of my garage collector brethren to get screwed by this clown.

 

[Frantic]

I almost feel like I should post screen caps of the conversation where other collectors were trying to reason with him and he became more and more obnoxious as the conversation went on.

post em

 

[KipBrown]

This should give you an idea of what I am talking about.

 

[Frantic]

This should give you an idea of what I am talking about.

what a total moron. the value just went down to 69 cents each.

 

[KipBrown]

what a total moron. the value just went down to 69 cents each.

If he'd leaked them out one every month or so, he probably could have kept it around $100 per for a little while before people put it together. He not only shot himself in the foot, he blew the whole damn thing clean off!

 

[bosshoss]

Oh man, that's a bad attitude! Well, thank you for making everyone here aware of the situation, Kip.
Imagine a nightmare scenario where someone like that dug up hundreds of copies of a genuine unknown garage monster, and demanded $3000 ransom per copy without disclosing quantity. (actually, that happened with the Savoys on Orlyn, via Bubbacrumb)

 

[gregk25]

I'm less shocked by the attitude (actually I quite like him for bragging about the specific scope of his find) than by the sheer stupidity to assume he'll keep a high price with such a quantity.

 

[MopTopMike]

If he really wants to sell them, he will have to adjust to the buyer market.
The posts reveal someone who knows absolutely nothing about buying and selling collectible records.

Personally, I would pay the $120 asking price to obtain one immediately. It's a killer heavy garage psych 45 and has been one of my most wanted 45s for 20+ years.
I'm not concerned at all with trying to get my purchase price investment back down the road.

 

[KipBrown]

If he really wants to sell them, he will have to adjust to the buyer market.
The posts reveal someone who knows absolutely nothing about buying and selling collectible records.

Personally, I would pay the $120 asking price to obtain one immediately. It's a killer heavy garage psych 45 and has been one of my most wanted 45s for 20+ years.
I'm not concerned at all with trying to get my purchase price investment back down the road.

If that's the case you might want to move on it quickly. There was a follow up thread on the Vinyl LP page that said he was going from page to page trying to peddle them and that people were following him around trying to do what they could to mess up his ability to get that price for them. The guy seems a little unstable and who knows what he will do in response. At the point he might be glad to sell one at his asking price. I got the impression from some of the posts that he got these from a relative (grandparent?) who may have been in the band so you might have a lead there. Good luck!

This is him...

https://www.facebook.com/jeremy.crapo1?fref=ufi

 

[Frantic]

If that's the case you might want to move on it quickly. There was a follow up thread on the Vinyl LP page that said he was going from page to page trying to peddle them and that people were following him around trying to do what they could to mess up his ability to get that price for them. The guy seems a little unstable and who knows what he will do in response. At the point he might be glad to sell one at his asking price. I got the impression from some of the posts that he got these from a relative (grandparent?) who may have been in the band so you might have a lead there. Good luck!

This is him...

https://www.facebook.com/jeremy.crapo1?fref=ufi

Looks like his mom or grandma Irene produced the record.

 

[chas_kit]

They'll hit the market for less, but it may take 3 to 30 years!

 

[Purepop1uk]

Thought it was my duty to inform the community about something I witnessed on the "Vinyl LP" Facebook page. Some weenie posted that they had 500 boxed mint copies of Bitter Creek "Plastic Thunder" on Mark IV out of Georgia. The now deleted thread was comical as the clueless seller couldn't see how revealing that he had 500 mint copies of the record effected it's value as he was adamant he was going to get $120 PER COPY! Racial epithets, anti-semitism, mockery and arrogance ensued. I preserved as much of the thread as possible but will post just the header so you can see the original post in question. Just wanted to get the word out to people so they would BEWARE of paying too much for a record from a nimrod who not only has 500 mint copies but thinks he can get $120 each!

Looking at the guy's Facebook page, I would take with a grain of salt the number of copies he has. I don't think he would have the brain power to count over 50...so it could be less. It will be interesting to find out for sure if the release date is 1970/71 and to put to bed once and for all that it came out in 67!

 

[MopTopMike]

The 45 was released in the fall of 1970 (October) according to the PRP master numbers printed on the label.

It's the seller's preference to price them. The market determines whether or not copies can be continuously sold for his $120 pricetag. If he hoards them and keeps the price at $120, or decided to raise it even higher, and you want one, you have no option but to pay whatever he asks. Waiting around fior a lower price will often find you never being able to obtain one.

Some folks who clamor for a bottom end price based on quantity found are the one in the same who wheel and deal collectible records as a primary source of income.
If they find quantity on a collectible 45, they will certainly not price them low, instead, they will keep the price at the highest point, especially if random copies had a known purchase price point in the past. It won't matter if they are able to move them continuously or not, the goal is to keep the asking price at a high point, instead of allowing the market to determine cost.

 

[Perkeo]

I just love how everyone calls him an idiot for revealing the quantity. It was the right thing to do! Maybe not from a wheeling and dealing stand point but, fuck that. I may be a record collector, but I really find people with this kind of secretive dealer mentality to be a drag to hang out with...

 

[Frantic]

I just love how everyone calls him an idiot for revealing the quantity. It was the right thing to do! Maybe not from a wheeling and dealing stand point but, fuck that. I may be a record collector, but I really find people with this kind of secretive dealer mentality to be a drag to hang out with...

I called him a moron because he was a defensive ahole.

 

[Perkeo]

I called him a moron because he was a defensive ahole.

Yeah that's fair. He reminds me of the guy who was trolling on here a year or so ago whenever anyone had the audacity to criticize bloated gas bag classic rockers, he kept responding with "you mad bro?"...God I wanted to strangle him !

 

[bosshoss]

I just love how everyone calls him an idiot for revealing the quantity. It was the right thing to do! Maybe not from a wheeling and dealing stand point but, fuck that. I may be a record collector, but I really find people with this kind of secretive dealer mentality to be a drag to hang out with...

I think it's more that he revealed the 500 quantity but still kept the price at the level it should be for say, a 50 copies find. Let's face it, even 250 copies unloaded into the market at ANY price is going to see the value fall to $10 per copy. The remaining copies, well he will have trouble giving them away.