Record albums for sale1/14/2024 ![]() ![]() Vinyl records are worth money if they're rare, unique or produced by famous artists (sometimes all of the above). Keep reading to discover if you have hidden gems in your collection! What Kind of Vinyl Records Are Worth Money? We’ll show you how to assess the value of your records. But what kind of records are worth money, and how can you identify them? Of course, used vinyl records that skyrocket into the five or six-figure range are few and farbetween-and often have specific characteristics that make them so valuable. For example, rare copies of The Freewheelin’ Bob Dylan that feature four unreleased songs have sold for $35,000, and you can still find them if you know what to look for. Even though most vintage records sell for under $20, valuable ones can fetch far more than the average price. Whether you inherited someone’s record collection or bought a handful of 45s from an estate sale, you’re probably wondering if there’s a “holy grail” between the sleeves. Without adjusting for inflation, the average EP/LP sale price rose 44.4% from $17.44 in 2006 - but factoring in inflation that's up just 7.4% from $23.44 in 2006 to $25.19 in 2021.Flipping through vinyl records might lead you to something special. As manufacturing capacity increased dramatically, sales increased more than 44 times to 39.7 million units in 2021. Today's vinyl buyer might feel pinched, but inflation-adjusted vinyl prices haven't risen much since unit sales bottomed out at 900,000 in 2006. consumers bought 407.5 million CDs that year, surpassing the single-year vinyl EP/LP sales record of 344 million units set in 1977. The average EP/LP sale price hit an inflation-adjusted low at $11.35 in 1992 with sales of just 2.3 million units (the unadjusted price of $5.87 was the lowest since 1974). Vinyl got cheaper as demand plummeted and consumers purchased more cassettes and CDs. In the decade after unit sales peaked in 1977, sales volume fell by 69% while the average inflation-adjusted price dropped nearly 38% to $17.76 ($7.41 unadjusted). From 1973 to 1977, unit sales grew 22.9% and the inflation-adjusted sale price rose 5% (49% without adjusting for inflation during that period of high inflation rates). In the '70s, as vinyl demand rose, prices increased, too. Vinyl records haven't always followed the basic laws of supply and demand, however. The results of shifts in both supply and demand are more units purchased at an equal or similar equilibrium price. Then, if supply increases to meet the higher demand, prices fall back to their previous level. 2021.Īccording to basic economic theory, if demand for a product increases, prices will rise until companies increase production. ![]() Warner Music Group raised the price on 600 vinyl titles in Oct. Universal Music Group did just that in May when it raised the wholesale price on 2,400 vinyl titles - half of them cost $19 or higher. With strong demand and tight supply, companies have little incentive not to raise prices. At the same time, manufacturing capacity remains strained even though new vinyl presses have gone online in recent years to meet consumers' growing appetite for physical records. The average EP/LP sale price will likely rise in 2022 because pandemic-related supply chain problems have caused input prices and freight to rise dramatically. The bad news for vinyl lovers is the 1978 record could soon fall. history at 341.3 million units, behind 1977’s tally of 344 million.įor comparison, the average inflation-adjusted EP/LP sale price in 2021 was $25.19. That was the second-highest vinyl sales year in U.S. That year, the average retail sale price of a vinyl EP/LP was $7.32 – equal to $30.18 in today’s dollars when adjusted for inflation. It was also a notable year for another reason: In 1978, vinyl records were more expensive than any other time since the RIAA began tracking sales in 1973. ![]()
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