The Vinyl Stock Exchange Crash
There has never been a better time to start collecting old vinyl records than now, over the last couple of years the prices have fallen dramatically on dance music tunes, particularly from the 88-94 era. It has followed a similar trend to the stock market and housing market, music web forums and their users created a demand for the elusive track that you were after, only a few people seemed to have, so the price was high. But as more forum members joined then the competition grew, both on demand and supply. Then sites such as Gemm, Music Stack and Discogs appear, and they produce an easy portal to find that elusive track, with prices ranging from dirt cheap, from the local record shop advertising on gemm who did not really have a clue about pricing, to the obscene take the piss pricing from people who knew they had something everyone wanted. But as time has progressed, more and more sellers came online, tempted with the lure of the $$$ by converting the vinyl into mp3 and selling there treasured black stuff, supply out stripped demand and the market collapsed. Tunes that were fetching £25 in the mid- late 90ís like 2 Bad Micesí Bombscare, can be picked up for £3 these days. And in more recent years the prices have tumbled on the red stamped Italian imports and have become in some cases worthless pieces of wax that are being used as oversized beer mats. I hear lots of examples of old skool break beat tunes that were selling for £50 a few years back only reaching £15 these days.
So is it still worth collecting vinylÖ.hell yeah as I said before there is no better time to collect then now. The prices are at an all time low, and that means you can pick up a bargain as djís dump their vinyl for digital formats. You have to remember, tunes from the 1990ís and before were never available on digital format, so for those who tend to download and collect tunes from blogs and P2P apps, in some cases you are usually just downloading some poorly ripped record from a cheap fisher price turntable. Ok itís free, but would you not prefer to pay a £1 or £3 and get that said tune on vinyl in all its shiny glory and also experience the excitement of getting home and placing it on the turn table and hearing it. Oh but you donít have a turntable I hear you sayÖ go to any decent hi-fi shop and you will see Vinyl has made a come back in the High End Audio arena and with turntables available from £100 skywards, you can afford to go out and buy one. Lets face it, that little speaker system you had to buy to plug your mp3 player almost cost that.
Today I picked up some absolute gems, one being Fleetwood Macís Big Love (Extended Mix), I paid £1 for this in mint condition, a few years back this tune was exchanging hand for 20 times that amount.