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Do you think the value of older vinyl will continually rise? I ask because one side of me wants to sell a few older albums that I don't really listen to but are worth a little bit and in turn I could buy more LP's I would listen to, but then on the other hand, the collector side says hang onto them because they compliment your library and who knows maybe they'll be worth a lot more in 20 years. What do you think?
Follow Ups:
I find this an interesting thread, but no one has discussed what Chinese, Russian, Indian, and whoever else will have new money might want to listen to in a few years.Jonathan
It is a generational thing. Plus for convenience the iPod blows records away. Plus, define what is collectable? You couldn't give me a doo-whop record and yet 5-10 years ago, they were very collectable. 20 years from now they and most pop will be worthless. Who collects Little Richard?
Whew,I, too, collect what I like, listen to what I can and figure that the collection (now about 4,000) will not be worth what I paid for it down the road. That's the only way I can continue with this. I've tried selling stuff I don't care for on ebay at cheap prices, but s/h prevents buyers from nibbling, I think.I find that if I buy it cheap enough (not always possible), I can take the $2.50-5.00 tax break per album from Uncle Sam and donate a bunch at the end of the year to a local charity and come out ahead.
I have a lot of about 10 Grateful Dead in nm condition, but I doubt I would ever get the book value of these records. I'm not a Dead fan, but anybody out there got a price YOU would pay? Then I'll tell you if the market is going up or down :-)
Be well guys!!
Doug
Doug,No offense intended........you're talking about POP/ROCK.... 20th century folk music essentially. Do you really think anybody will be purchasing various copies of DSOTM 75 years from now??
On the other hand, I suspect people living 75 years from now, WILL be purchasing Beethoven Symphonies on vinyl.
Good Morning, Tom B.
I think that is a very large leap. There will be technologies unimagined commonly in place by then. I've personally witnessed the Beatles, transistors, and computers arriving. I had a Sherwood tuner that had 'ALL SILICON' on the fascia.But, it is a *fascinating question to ponder...
Look how slow broadcast television has mutated vs. consumer audio. We may scorn MP-3s, but anyone who doesn't recognize the design and engineering brilliance in an i-pod is out of touch. You can't DIY an i-pod like a silly power cord.
What will an i-pod equivalent with SACD v.10 be like?
You mean it wasn't invented by DG?Dop the dates ever match up so you can compare the phillips mono to a columbia blue label?
Gregg
Wow, that is a rarity. Not the same as the one I was given (uncle).
Columbia records USA had a distribution agreement with Philips for a number of years. This cool gatefold of the 1st and 6th mono cycle is french-Philips!!I have the US copy like yours, but I went for a mono copy.....I already had the Philips stereo.Tom B.
why are you doing Scripture? For yourself or for others' benefit? I love that, too. Can't post much more or I will be removed.I love your system. What did you do with the Nakamichi BX?
Do you live in a big city? Or where did you get all those Walter LP's? My 6th and a 4/5 are 6 eyes, with the latter an ebay estate sale which has scratches. I recently acquired his LP rehearsing the 5th symphony with Columbia Symph. Orchestra, and it's great. Much more vigorous than the studio recorded 4/5 final product.
None taken.
By far and away the most expensive vinyl in my collection is classical music---easily spent more on great pressings of classical box sets and so forth than I ever have for Rock. However, with that said, beautiful music will always be worth something as well as music that changes a generation, Charlie Parker for instance.As far as DSOTM goes, well, I wouldn't spend $1300 on a UHQR copy, but people seem to be doing it regularly on ebay. the prices never go down---beats me
I figure when I'm dead the 4,000+ albums might bring $1000.00, that's $0.25/each. Only a real collector will know what's good in there and what isn't. It makes me sick, but I'm not in it for the money, thankfully.
Doug
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
This is something I brought up a few months ago to a long time collector/beginning seller. He was complaining about no one bidding his reserve price on an early Bo Diddley lp. I pointed out that someone who was 15 years old in 1955 (putting this hypothetical person in high school during the rock and roll boom) was born in 1940. That means that person is now 67 years old. How many retirees are still listening to records, let alone still buying expensive ones? How many younger people are interested enough in Bo Diddley to spend big $$$ on original pressings instead of a little dough on the cd? I think some of this stuff is going to start coming down.
I suspect you're right. In fact, I've noticed increasing prices for new-wave, punk and independent rock records from the late 1970's and early 1980's. But I really wonder if the jazz records I've collected will sustain monetary value beyond my own generation.
Classical for the most part...no.
The most collectible classical rates among the most expensive vinyl in the world - look at the featured auctions in the records section on eBay at any given time.And the bulk of classical is worthless.
....Classical for the most part...no. ....I really disagree. I realize I live in a culture that has very little interst in high art, but there is a very healthy world-wide market for classical......and in the future, it will not be dictated by baby-boomer tastes...........Beethoven and Shostakovitch will remain after we're all dead and gone!!!
I see classical vinyl only going up in value....maybe not in the US, but on the world-wide market.
Tom B.
- http://cgi.ebay.com/ENESCO-Georges-plays-Bach-solo-sonatas-CONTINENTAL_W0QQitemZ190107332985QQihZ009QQcategoryZ306QQrdZ1QQcmdZViewItem (Open in New Window)
Tom, with clasical, it is the performance that counts, not composers.Sadly, the most of the recorded performances are best left to history. "90% of anything is garbage" rule applies here.
The memorable performances command high prices and will probably rise in the future. The rest will probably fetch some kind of waste disposal tax before hitting the landfill.
I've been collecting records since the early '70s.
Many vintage rock records still are much cheaper, now,
than they were in the late '70s/early '80s !
The prices are catching up, so to speak, but very slowly.
Some prices will never catch up, due to the CD reissues with added tracks syndrome. For example, my 45 of Canned Heat & The Chipmunks approached $100. in the early '80s. I can buy that 45 for under $10, today ! Another great example is the Fillmore Last Days 3 Lp box set, that fetched $75. plus, in the late '70s. You can get them for under $40, nowadays, as the music is available on CD, now.
The irony never stops. We know that the Lps sound better, but the average buyer could care less. Most folks just want the music.
I like the CD reissues when they contain never before released tracks, but I wish the sound was better, like it was, on vinyl.
There are some good sounding CD players, but none please me as much as my Lp systems.
From our letters to God's ears, I really hope the prices rise, and quickly. I still have another child to put through college. I listen to a small percentage of my collection. It would be nice to cash in, I mean recover my hobby expenditures...
i don't "collect" as an investment -- but i buy the music that interests me in pressings i can afford.that said, i wonder if there is some natural limit to the market for vinyl. we all know certain artists & labels are highly sought-after...but does the number of people doing the searching decrease?
for instance, many original blue notes are already in the hands of collectors. is there a time when the number of collectors that pass on going to exceed the number of new people who are interested in obtaining these pressings/recordings? does the market "get flooded" at that point?
i think there will be *some* demand for a long time; my question is when, if ever, will supply exceed demand. hm.
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