After Lambchop (not sure if that's the actual album art — waiting to hear back), subscribers will get records by Richard Youngs, L. Eugene Methe and 200 Years (Ben Chasny of Six Organs of Admittance and Elisa Ambrogio of Magik Markers), plus a "deluxe hard-shell box" to keep them all in. Nifty.
A US subscription will cost you $90, which works out to $22.50 a record, including shipping and handling — a reasonable price, in this day and age, for a scarce musical commodity. They started taking subscription orders on Thanksgiving, and you can sign up for the first year between now and Valentine's Day 2011. Here's the full release as we received it:
Grapefruit Record Club is a collaborative endeavor of close friends Ben Goldberg (Ba Da Bing Records) and Simon Joyner. At a glance, the record club is a subscription-based label, releasing four unique albums each year. Each new addition to the record club is comprised of brand new material from a featured artist and will be distributed solely in vinyl format.
Grapefruit Record Club’s inaugural year features a diverse group of artists including Lambchop, Richard Youngs, L. Eugene Methe and 200 Years (Ben Chasny (Six Organs of Admittance) and Elisa Ambrogio (Magik Markers)). The label's subscription-only distribution concept allows the established artists to share their audience with the lesser-known artists featured on an annual roster.
A subscription to the record club includes four quarterly released full-length LPs, and a deluxe, hard-shelled box to house the series of records that make up that year’s roster of artists. The artists on Grapefruit are on loan and ever changing so no subscription cycle will ever be the same. Grapefruit's mission is to expose fans to exclusive, challenging new music on vinyl while ensuring that the musicians actually get paid for creating their art.
Apparently there will be some copies of the records available to non-subscribers shortly after release, but if you really want these, I don't know that you want to take that chance. More info here.