Want a Vintage Metallica T-Shirt? That’ll be $1,000

“This one box alone could buy a G-Wagon,” Brian Procell explained as he took down a plastic bin brimming with T-shirts from a wall of thirty or so containers. We’re standing in a warehouse in East Williamsburg, Brooklyn, a 30-minute subway ride from Mr. Procell’s eponymous vintage clothing shop in Lower Manhattan, and he is explaining how one box of T-shirts can be worth as much as a Mercedes-Benz SUV.

Much the same way vinyl has become collectible, the musical acts of our youth, whether the Clash or Coolio, are experiencing...

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