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In Reply to: do you think old vinyl will continue to appreciate in value? posted by happybrandon on April 29, 2007 at 19:09:17:
I have about three thousand records (I've sold thousands, too), and I collect all over the musical map. Here are my thoughts:Obviously, the big money right now is in the Blue Notes and late 1950s jazz records. No surprise, the folks who were into that at the time are at their absolute income/buying peak. I think these prices will go down as the original collectors age out of collecting, because the slightly younger crowd is just not as into the music.
This has already happened with early 1950s rock. Little Richard records, for example have gone way down in value. I bought a SEALED orignal copy of his second Lp on Specialty at Rockaway in Los Angeles for a mere $40 just two months ago. That would have been an easy $100 record a few years ago. I imagine certain iconic doowop 45s that once commanded Northern soul prices are also way down.
That said, if you hit a vein of music where the original pressings are simply impossible to find, and the music seems to move across generations [which I am not sure is true, for example, of hard bop jazz], then the prices will probably hold, but may not go up much beyond what they are today. For example, good playing copies of Robert Johnson 78s are in the $4000 range now, but I do not see those going up much more than inflation.
I think the more likely increases in prices are going to be in Lps that had limited pressings during the CD era, and in older music that did not interest the boomers much but seems to grab the Gen Xers (those in the 30-40 age group). Thus, I think genuinely rare hard country music records (78 and Lp) will go up in value quite a bit. I see the same thing happening with post-war black gospel records -- music not overly prized by the boomers, but very hot with the older Gen Xers who are coming into their big-buying years.
I'd be curious to learn other folks' thoughts on the market.
best to all
brixton77
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Follow Ups
- What is valuable is VERY generational [long] - Brixton77 22:38:01 04/29/07 (2)
- I had this conversation a while back - trav 18:04:46 04/30/07 (0)
- I think you're on to something - Jonathan Kranz 10:26:03 04/30/07 (0)
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