What to do with a large collection

I owned an estate sale company for 27 years and LP records where a hot item at our sales. There where a dozen or so regular buyers that would swoop in and buy most on the first day. I would price most of them at $2.00, up to $4.00 or $5.00, then would go 1/2 price on Sunday, however most good ones would go on the first day. CD's $3.00 ea. where not as much in demand.

Lots of good advice here. If you don’t want to give it away, then catalog your collection. Create a photo album (cover art) and post it on Audiogon and USAM for sale. I know this is time consuming but there are lot of folks out there that still spins CD’s. BTW, I gave my previous collection of 1500 plus CD’s to Goodwill after ripping. 

Fittingly, I sold my LP collection and turntable to an antique store.  They were also in the business of selling LPs in store and on eBay.  I still have my CD collection as they weren't very interested, although they do sell used CDs.

I have same dilemma, deal with hassle of cataloging and pricing individual cd's and vinyl or selling in bulk. For the vinyl I've done a bit of cataloging and discovered a few highly valuable recordings, would hate to let those go for pennies on the dollar. The bulk buyers know this, convenience has a cost. My cd's are all ripped so less of a challenge to sell these, I have sold in batches of like 20 on ebay, valued them individually and priced accordingly with some discount for the convenience of batch sale.

Similarly, before I sold my LPs to the antique store, I went on Discogs and got a general idea of what they were worth.  Several were high value and I pointed that out.  I came up with a price that I would accept and still give the buyer a descent profit and at the same time knowing that many were probably worthless.  He accepted my offer and we were both happy.