It's September 15, 2024, 02:15:43 PM
That's because you are looking this from the standpoint of a west coast fan. I'm looking at it from the perspective of creating something that will increase in value over time. The same reason why people collect baseball cards. It is an investment.
I know your intentions are good, but you are living in a bubble. No serious investor is going to buy a collectable Nate Dogg CD for the sole purpose of investing, thinking they are going to be able to double or triple their 40.00 investment in the next 10/20 years. When was the last time you heard anyone even mention Nate Dogg's name outside of this rap community? You think 10/20 years from now, the common investor/general music fan is going to be talking about Nate Dogg or scrambling to find some of his collectible records? Nah. Serious investors are buying stocks, bonds and real estate, proven commodities. They aren't buying baseball cards, funko pops, collectible records, vintage toys, etc. It cracks me up when i hear people talk about these things in that context. Rarity does not equal value. So many people fail to realize this. Just because someone makes a limited edition item doesn't automatically mean it's going to be valuable. There has to be a market and people who actually want to own and purchase these things at exorbitant prices.
There's definitely a market for new Nate Dogg music and hopefully one day there will be a posthumous album released from him to do his legacy justice. Either a solo album or more likely updated collaborations with artists he either did or would most likely have worked with like the track on Ventura with Anderson .Paak which I thought was really done well.If this was released physically with let's say 10-20,000 pressings and was priced at above average we on here would all snap it up and no doubt it would sell out.By the way, I didn't know that '6 in the Morning' track was popping like that in the UK since I don't listen to the radio, I don't know where the OG vocal is from but it's cool to hear Nate Dogg over a house beat and it works really well.
There is no market for Nate Dogg material outside of older west coast fans.
Dogg pound with all due respect, has never been on nate dogg level. Nate was no 1 artist world wide.
Instead, inspired by the success of Nipsey Hussle's $100 mixtape, Cilvaringz and RZA landed on the idea of treating Once Upon A Time In Shaolin as a priceless art object. "The music industry is in crisis," they explain on their website. "The intrinsic value of music has been reduced to zero. Contemporary art is worth millions by virtue of its exclusivity ... By adopting a 400 year old Renaissance-style approach to music, offering it as a commissioned commodity and allowing it to take a similar trajectory from creation to exhibition to sale ... we hope to inspire and intensify urgent debates about the future of music."
The winning bidder was Martin Shkreli, the CEO of Turing Pharmaceuticals, who paid a reported $2 million. In March 2018, following Shkreli's conviction for securities fraud, a federal court seized assets belonging to him, including Once Upon a Time in Shaolin. In July 2021, the U.S. Department of Justice sold it to the non-fungible token collectors PleasrDAO for $4 million to cover Shkreli's debts; PleasrDAO said they hoped to make it more widely accessible.
dogg pound debut album went 2x platinum .. a nate dogg album never even went gold
He's been featured on multiple diamond selling albums and has been on numerous gold and plat songs.
Unfortunately, releasing nonmainstream posthumous music just isn't a profitable venture in these times. Sample clearances, mixing, mastering, etc is expensive. The estate isn't going to do anything that isn't going to make them money at the end of the day. Majority of it will most likely sit unreleased forever. Best case scenario is that mainstream artists like Dre or Snoop might pay the estate to buy a hook or two. 2Pac's estate is in the same boat. Same with Bad Azz, Biggie, Eazy E, etc. Estates don't care about legacies or are going to release music at a loss just to appease fans who will most likely download it for free. Estates are there to do what is the most financially prudent for the inheritance of the estate, and sinking hundreds of thousands of dollars into a venture to release music isn't it.
for reference, tray deees latest limited edition album sold roughly 25 CD copies in total
25 copies. That is insane. This is the Malice album that had 1,000 copies pressed right? I have friends that put out music, even in genre's I don't particularly like, and yet I still feel obligated to make a purchase, so I'll buy a couple of the releases if on CD and or a single purchase on the more expensive vinyl just to show support, and someone like a Tray Deee can't even get a load of immediate family, friends etc. to put money down to see over 100 physical sales? That is pretty bad
You don't have a clue as to what you're talking about to the point where it's almost scary. Especially on the bolded part.
Fill me in. Link me to several articles where financial advisors are telling clients they should be investing in funko pops, toys, collectible records, etc.