News

Owner of London's "On The Beat Records" Puts Store on eBay, Selling for £300,000

Patrick Lyons

by Patrick Lyons

Published November 06, 2013

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"A unique and once-in-a-lifetime opportunity to live the 'High Fidelity' life" is what's offered on the eBay listing for London's On The Beat Records, a "Classic Vinyl Collectors Record Store" opened in 1979 by current owner Tim Derbyshire. It is, to our knowledge, the first instance of a record store (and all of its contents) being sold on eBay. Check out the actual listing.

With a "buy it now" price of £300,000 (roughly $482,610), On The Beat is touted by Derbyshire as an "Aladdin’s Cave of musical gems" located "in the centre of Swinging London.” The only reason he gives for the sale is: "it’s time for me to step down and let another passionate music lover take over."

With 1259 current watchers on eBay, and stories in nearly every popular music publication, we're willing to guess that Derbyshire hardly anticipated this level of interest in his little store. Though there are no current bids, hopefully all this attention means that On The Beat will be sold to an interested and capable party, and won't befall the fate that Derbyshire fears: "Without someone buying it, it will disappear."

So if you've got a large sum of money burning a hole in your bank account, and you've always wanted to live "the bohemian life," hit Derbyshire up on eBay and get his retirement started. We're sure he'd appreciate it.

Check out more photos of the store below.

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Source: eBay
Via: Urban75 Blog

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