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Tuesday, February 26, 2008

The $3M Music Man

The article didn't state explicitly, but I'm sure jazz & the blues were well represented

February 22, 2008
Record Collection Fetches $3M on EBay

Filed at 5:59 a.m. ET

PITTSBURGH (AP) -- A man says he can now retire because someone bought his
massive record collection on eBay for the asking price -- $3 million.

A buyer from Ireland agreed to shell out $3,002,150 for the collection of
nearly 3 million vinyl albums, singles and CDs, owner Paul Mawhinney said

The winning bidder has already deposited $300,000, and a bank has confirmed
that he has enough money to buy the collection, Mawhinney said.

The price tag is one of the highest recorded by eBay Inc., said Karen Bard,
a spokeswoman for the online auctioneer. A Gulfstream II jet once sold for
$4.9 million, she said.

On Thursday, the 68-year-old Mawhinney closed Record Rama, which opened in
Ross Township in 1968. He said he wants to spend time with his wife, three
children and five grandchildren.

''I am legally blind. I had a couple of strokes a few years ago ... and it's
time at my age to think about doing something else with my life,'' he said.

The collection includes more than 1 million albums, 1.5 million singles and
300,000 CDs, Mawhinney said.


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