As the Star Tribune reports [via The Vinyl Factory], Sheeley discovered the haul and purchased it all for close to $100,000 USD within five minutes of finding it.
The collection is made up of the entire inventory from the Record Shop, a store that shut down in 1984. Rather than send back his overstock when the store closed its doors, the Record Shop's owner stored the LPs in a climate-controlled basement.
This includes sealed copies of records from the likes of the Ramones, Ozzy Osbourne, Bob Marley, Prince, Hüsker Dü, MC5 and countless others.
"It took everything I had to keep it together," Sheeley told the Star Tribune.
Sheeley transported all of the records to his Minneapolis shop, where he's currently trying to cram them into his small store. He's built shelves in the basement and is trying to find space to fit 20,000 more records on the floor.