Interesting what you said about finding other vinyl collectors. You're right, it's hard to find collectors like me (and you) that like buying vintage....1st pressings, rare pressings, etc. What I do run into fairly often are Gen Z scouring the record sections at Target and Walmart.... or in the record stores that sell new vinyl. Probably make up the majority of vinyl collectors now. Which is still great imo.
Agreed 100% with your view and for me collecting all formats of music is a hobby that I enjoy. There`s still that thrill in finding that grail or copy of an old memory.✌
There is another reason to collect specific albums. As a graphic designer, it is a main point for me. - Unique productions for LP covers that were only possible because of the time window when the record companies were ready or forced to heavily invest in the packaging. Often resulting in very special original paper, elaborate cuts, and artful extras. I think about Led Zeppelin, Pink Floyd, 10CC, Family, Curved Air, Emerson Lake and Palmer, David Bowie, Rolling Stones, Frank Zappa, Alice Cooper, Björk, and many others. As in Small Faces 'Ogden's Nut Gone Flake' the cover is so elaborate that not many perfect exemplaries of the five-panel round record from the first issues will have survived relatively undamaged. Or you may look at groups that had little success or a short life, and because of that have become very much sought after, like Westcoast and British psychedelic bands from the 60s and beginning 70s. The prices and the demand will constantly raise, because of a visual and aural explosion of creativity and talents, and almost no possibility to fake original covers, ever showing the signs of time.
Great point. I have that Small Faces and it's such a cool design. I hope it continues to but I do fear the younger generations will be less interested. Hopefully I'm wrong on that. Thanks for watching.
Mike, Hello from Burlington,Vt ( home of five fantastic record shops). This was a realistic enjoyable watch. I’ve been through it all at some point. I got caught up especially collecting rare pre war jazz, blues, jug band 78’s. That genre has no signs of slowing down and there is those that will certainly pay up for “ the good stuff”. I’ve sold off most of my collection, I kept all five Elvis Suns and some scattered blues& jazz. Lately, I’ve been really going for repro (rare) post war R&B, Northern Soul, Blues 45’s. I buy tons from England, $500-$1,000 original pressings for $10 as a repro. Shipping costs more than the records. I try to locate original company sleeves and spin on my vintage 60’s AR Turntable powered by an old tube amp. I’m happier than a clam, music 🎶 sounds fantastic and I don’t have to worry about an end game.
Great comment, thanks for watching. You're in it for the right reasons. I'd love to see those Elvis sun records. I have 2 45s but only RCA 78s of his. I'm thinning a bit of my stuff but I'll always collect and enjoy the hobby. It's in my blood. Rock on man! 🤘
All good points, especially the last one about demand. A thing can't be considered a long-term investment if the demand for that thing is steadily decreasing as generations age out.
A friend told many years ago only what you like to collect that was in antiques , don't buy cause it going to go up in value. I agree with what you said about the net and the prices. Years ago I used to buy record collecting guides. They said it only a guide for prices that may have sold for .
Hi Mike, really enjoyed your video. For me its the first time visiting your channel. Have to agree with all you said. Been collecting since the age of 13. Well over 50 years. Have about 2000 45s. Which have basically sat in large record boxes for a few years. About the same in albums, all neatly sleeved and shelved. Plus a large cd collection. Leave them to the kids? They gave me their cds when they moved out!!! Having moved twice in the last 5 years, it is alot of work. Lets not mention dvds or even vhs tapes. As for value, there a few rare items. Basically i love my records, that's the most important thing at the moment. Anyway, thanks again.
I have a friend in Seattle who owes a record store and says it depends on how some one choses to work there business. I would say it depends on how close you shop to a major city. He buys a lot of collections, he said if "I priced base on discogs I would own a museum not a record store!" If that's your market for record prices your in the wrong market. Just my two cents
agree with all of that ... I think sometimes the fun is finding a gem in the wild ...way less often then 40 years ago I'm sure ...Like just found a David Grisman quintet for 80 cents in NM condition ...
Hello again. I just wanted to add that as a frequent visitor (daily) to eBay, specifically to Elvis Presley vinyl records, it is plain to see that he (Elvis) is still very much alive in the Vinyl Community and his records remain to be a sound investment. Here are examples of what sold just this week and these are mostly Hollywood pressings of MONO issues: For LP Fans Only - $702; Something For Everybody - $504; Elvis Presley (debut) - $515; Elvis (2nd album) - $455; Elvis’ Christmas Album (original 1957 gatefold) - $329. There are more, but these are just some examples of what Elvis’ records continue to sell for. He is an iconic performer whose memory will endure through generations! Walter
Thanks Walter, yeah as my video title suggests I'm talking long term. How's Frank Sinatra selling these days? Iconic but perhaps starting to fade. In 15 years will Elvis still be as popular? Are people under age 40 going to be collecting his music in the future? Not sure. I teach music to kids, teens and most know who Elvis is but can't name a song. I just think that despite his huge importance, time has a way of making things less relevant. Just ask a WWII veteran about that. Good comment though and I appreciate your input. Rock on man! 🤘
Keeping with the idea that demand drives up value and pricing, you really can’t lose by investing in Elvis Presley records prior to 1970, Beatles (also prior to 1970), KISS, Led Zeppelin, David Bowie or Ronnie James Dio. The demand for all of the above is undying! Great video with a great deal of useful information. Walter
I hope so but I teach music for a living and the younger generations just really don't have much of a connection with those bands but I'm doing my best to convert them ha ha! Thanks for watching.
@@mikesrockinrelics I see it especially with Sinatra, his cds and albums are all over thrift shops in my area, sadly many of his older fans are passing away, and their children are donating the collections. My favorite Sinatra, is his Capitol era. Good for a music lover like me though.
Smart video, well done with a bunch of good points made. I'm 64 with decades of music collecting and will be passing my collection on to my kids when I'm dead and gone.
@ I certainly hope not but who knows. I have tried to instil my thoughts and feelings about keeping and enjoying my collection for the music and the historical value. I tell them “Money comes and goes but this collection will always be more valuable”.
I bought a ton in the 90s as well for an average of $1 apiece and maybe $4 on the high end. Record stores were a graveyard back then. I wish I bought more. Regardless, it’s all about the love of music and I have no intention of selling anything.
Very interesting take on the whole thing. I have found that the only people who think our collections are worth a fortune don't collect records. Thanks.
I`ve never purchased a record on the presumption of selling it for profit. I`ve spent too much on various records because I want to own the best version I can find. That has always been my greatest desire. I don`t fuss over a little ware on the cover if the vinyl is good. I actually prefer a touch of pedigree on the cover of the old albums.
Wow great collection! I just discovered your channel, very cool Hendrix vinyl! I love vinyl and going to shows so I also post some concert clips on my channel, thanks for sharing the great music info, Peace!
I buy to listen. I’m buying a lot of import versions and 1st presses of old prog rock. I know in 10, 15, 20 years nobody will want my collection. That’s not why I buy it. I love the nostalgia and sound experience. Period.
New subscriber here from Australia . You made some great points Mike , very interesting and I’m in total agreeance with you about the future of vinyl . Cheers
I do see it as a good investing in so much as when I die, I want my kids to build a mausoleum out of all my records and call it my vinyl resting place.
You bring up some good points about collecting I have been buying records for a long time now but I could really care less about what they are worth or what I could sell them for It amazes me how many people are buying records for a investment instead of enjoying them for the music I’ve seen people buying 2 copies of a record and keeping one unopened hoping that the value goes up Ridiculous!! Reissues are fine for me, don’t need to pay money for a original copy It’s the music stupid! To quote another VC member
by the weather i´m might understand why you say it isn´t a good investement, i have records bought in late 60´s that still sound without any noise, it depends on the levels of humidity the cold there might be very dry but when there´s water there´s humidity and not all places are good to store records i myself live in a very hot region with a almost non existing levels of humidity and have pinewood furniture with glass windows wood framed and a very dry air, i think it´s the main reason for the records kept releasing a good sound without any dirt colected through the years but also handled them with care not those guys who wear speacial glooves but took care of them and my father was already a hi-fi freak and one of my grandfathers and grandmothers were always playing music during the day, this while doing daily tasks, this refering to my grandmother that she had a very old Dual system and at the time was modern and it still works today, they had shure cartridges to change the older ceramic type needles, this in Dual catalogs, so between 50 to 60 years vinyl doesn´t gather any aditional noises ,i have records bought by me when in my 20´s that sound perfect but the covers are cutted in all sides due to excessive listening
@@mikesrockinrelics some people like their own things tidy, not buy a record and throw the cover to the ground and that´s the last time the new record will see it´s cover, i know those type of person ,we call it pigs
Well stated Mike. I really wish I had a collection to revile yours, but down the road, I see things the same way. My kids don’t care about LP’s. They never enjoyed opening the wrappers, sitting listening to snap, crackle and pop while reading liner notes or absorbing the artwork. My kids had music fed to them or made a play list on the iPod. Now I am missing my “mixed tapes”. Darn……
I agree with your points about there being a 10-15 year window before prices crash.. look at how worthless roy orbison, buddy holly, everly brothers are yet 40 years ago they had a value to the ex teddy boy rock n roll men who were in their 50s back then and were trying to recapture their youth... the volume of interested buyers will not be there in 20 years...
Yep, no dealer will even come close to paying someone even the minimum Discogs value for a collection, and they are about the only ones that have a large chunk of money at once to buy up collections, so they have the upper hand.
Totally disagree ! If you call a big independent store like Amoeba in SF , LA , or Berkeley .. even Dillon @ Noble records , they’ll come check your collection and give you a fair price . Almost any record sells $20 these days . I mean Elton John’s Caribou was 20 at amoeba the other day.. just sayin
@ a ‘fair price’ means they give a set % of what they will sell your album for . And in this way your argument that everyone now knows prices because of the internet works against your argument . Since Amoeba and everyone else and their ‘grandma’ know prices they can’t low ball you .
@ and as reference your albums . Even in your video I see the Dylan box set , your Hendrix album etcetc .. I’m sure you have a host of other albums that would sell $50-100 .. if your 3500 albums sold at just an average of 20 bucks .. that’s 70K .Amoeba gives 60% cash , 75% trade … that’s around 40 k to you with no app fees , CC fees , PayPal , shipping , boxes etc
@@boilerbink I never said anything about everyone knowing prices because of the internet. Again, your "fair price" is so vague, while mine was very specific. Anyway, I'm tapping out of this conversation.
Currently I have about 600-700 records I have purchased in the last 3 years from estate sales garage sales etc. My main goal is to sell them but I’m in no hurry hell I may listen to them a couple more times first.
You could just buy a length of white board like your shelves and just cut out the length you would need and slot them into the middle of each shelf. That would reinforce each shelf.
19 днів тому
You make a lot of good points. I collect vintage 7" picture sleeve 45s (mostly 60's), so I'm even further behind the 8-ball, so to speak. I also have tons of LPs, but I've stopped buying them. But I watch a lot of videos about other collectibles, and I've noticed at sports card shows, a lot of the deals are being made by young people. There's a real frenzy going on there. What do you think about that?
I actually collect cards as well and it's gone waaayy to far in the profit driven mind set. I think you're bang on in your assessment. Thanks for your comment.
I buy music for the love of it - I have 2 technics 1200's that will be worth a lot down the road - will i sell them - probably not - cause i want to enjoy the sound of the records that i bought to play on them - we shall see what happens - i think it was Covid that drove up the prices for records - i will not spend more than $20.00 on a record - Ill rather put my money into the market for an investment not a record. Nothing is guaranteed in life especially when it comes to investments!
Excellent video! I 'collect' photo books but only ones that I like and at the lowest price, so I'll take softcover and reissues over hardcopy and/or 1st editions. Occasionally someone will point out that one of my books has risen in price considerably, which is a shame since even though I don't plan on selling it, I'm less likely to look through it knowing that I could damage it. Is it the same for record collectors that want to listen to their more valuable records?
Records are an awful investment. With the exception of the most collectible artists' albums, almost all albums from the last 70 years haven't even kept up with inflation. If you're looking for something to retire on, invest in the S&P 500 instead. If you're a collector, you've gotta be into it for the music or at least the historical fun of it. If you think you're gonna just cash in one day, you're going to be very disappointed.
I don't think of them as a monetary investment. For me it is an investment in pleasure and relaxation. I'm not a collector, I'm a consumer, so I buy what I want, and to tell you the truth, I do not even look to see which pressing I am buying. I have 2,500 LPs and 4,500 CDs. My wife and I do not have children, so at some point I will be giving away my collection to much younger friends. Interesting video, cheers!
I sold a five dollar record on eBay last week. Sale price $5 + 6.64 shipped. eBay fees $1.77 ship cost USPS media mail $4.63. I cleared $5.24 before paying for the Lp mailer.
Rare is always rare. Generally speaking in most mainstream collectibles if you buy rare, desirable, and plus condition you are pretty safe. A Mickey Mantle rookie card is more than likely always going to go up in value. Will Beatles paste over Yesterday and Today records ever fall in price? Probably not in the foreseeable future. They certainly have not been devalued in 64 years. I don't keep anything worth less than $100.00. None of those records have lost value since I had them. John Fogerty has never been valuable beyond the enjoyment of listening. I have been selling records for 60 years and literally have never seen a time when people didn't show up to record shows. I have a ton of young customers teens through all ages. The early Elvis records still sell into the $100.00s of dollars considering rarity and condition. A set of all five Elvis Sun 78s sold for almost $20,000.00 in 2023. Elvis albums and 45s still sell up toward $5000.00 but for rare pieces.
Yeah I generally agree with you. I think what worries me is that the younger generations just don't value this (being very general here) and that is the first time in history so time will tell. I will say that my family is in the high end antique business and that market has tanked for exactly the same reasons. Thanks for taking the time to make such an insightful comment.
@@mikesrockinrelics I see with vintage furnishing that tastes change. One of the local vintage stores in town was selling an aluminum Christmas tree for over $100.00 and I could only shake my head at the number of those that were tossed. We had one when I was kid and there were a couple of incidents where people were electrocuted with frayed lights on the tree. Now apparently you could sell everyone you could fine.
@kalvinbrucesmith2134 well that's good 👍 i hope people appreciate the past. I've collected it my entire life and have a passion for it. My studio in this video is a 200 year old pioneer log cabin.
The way I see it, records are about as reliable an "investment" opportunity as comic superhero digital NFTs. They have very little inherent value as objects -- or even as music, in some cases. They're worth nothing (or almost nothing) beyond whatever somebody who wants them can be persuaded to pay for them. It's all based on speculation. (Oh, wait, isn't that basically true of the entire world economy?) Personally, I probably wouldn't want to know somebody who saw LP/CD collecting as an investment. I certainly wouldn't want to hang out with them because I doubt we'd have much to talk about. There's no logic behind the valuation of records other than today's fashion: Today, Bowie is hot but tomorrow it might be Tom Jones. I really don't want to know about things like market share and sales figures. I don't plan to sell my records. I'd rather keep them and listen to them. Am I being cynical?
No I'm the same way. I keep seeing Collectibles videos that are all driven by price and it's just not way I look at this stuff but so many do so I felt I wanted to share some of my thoughts. Thanks for watching
Records are today's Beanie Babies. They were worthless for decades and they will probably be worthless again a few years from now. And I'm a guy who owns over 36,000 records. Like you say, the value of collectibles is based on the passing whims of the public. Records though, at least you can listen to. Beanie babies, stamps, coins are all a roll of the dice. Unlike you, I would never sell any of my records. They're members of my family and they will remain that way until I'm carted off to a home or worse.
Because I enjoy collecting them and i listen to them. I'm just saying I don't treat them as an investment. I'm a full time musician and I use them for various reasons but I plan on downsizing soon.
Records have never been an investment financially. For the soul, yes. Its unpredictable though as far as resale prices. And quality, rarity, condition means everything. Covid jacking prices up was a rarity. If one was going to invest then they should have purchased all the BNs, UK original Beatles, Zeppelin RLs etc that they could have decades ago. That time has passed. Will a NM Zombies O&O mono UK that is purchased for $2,000 now increase in value in 20 yrs to 6 grand? Yes. But like with anything you have to have money to make money. The japanese that bought up european pressings of rock and BNs from the US are finding out that their economy is now dictating lower sale prices. Lots to consider. Invest in stocks or realestate for financial gain. Invest in records for entertainment and your heart.
Well put. Yeah it seems to be once something becomes collected then it must immediately be about money. Things were simpler when they weren't for profit.
Yes, I think now is the time to fill your wellies, it’s like the same period vinyl went through in the 90s (where you could pick stuff up for peanuts). CDs will remain popular because they are a great product. The CD revival is imminent!!
Many people view any collectible market as investments. Not only records. Today's video is a response to that and to say maybe that shouldn't be one of the driving forces behind collecting.
I never said that at all. I'm a full-time musician and I listen to at least 2 records a day. I'm just saying collect them because you love them, not to invest in them.
First off if your in it for an investment and not THE MUSIC then your in it for the wrong reason.
Agreed 100 percent. Just something I seem to see a lot so I thought I'd share my thoughts
Record stores are in it for the investment and that's perfectly fine. They may love music as well, but they are in the business to make a living.
Agreed. Same with playing in a band or creating artwork. If you're in it for the money only, quite often you'll be disappointed.
Interesting what you said about finding other vinyl collectors. You're right, it's hard to find collectors like me (and you) that like buying vintage....1st pressings, rare pressings, etc. What I do run into fairly often are Gen Z scouring the record sections at Target and Walmart.... or in the record stores that sell new vinyl. Probably make up the majority of vinyl collectors now. Which is still great imo.
It is not just nostalgia, for older people, we just love the sound of vinyl!
Absolutely, me too.
@@mikesrockinrelics I have
some of my albums on my
computer 💻
the older you get, the more there is to be said about delayed gratification. There's always the element of that with vinyl.
Agreed 100% with your view and for me collecting all formats of music is a hobby that I enjoy. There`s still that thrill in finding that grail or copy of an old memory.✌
There is another reason to collect specific albums. As a graphic designer, it is a main point for me. - Unique productions for LP covers that were only possible because of the time window when the record companies were ready or forced to heavily invest in the packaging. Often resulting in very special original paper, elaborate cuts, and artful extras. I think about Led Zeppelin, Pink Floyd, 10CC, Family, Curved Air, Emerson Lake and Palmer, David Bowie, Rolling Stones, Frank Zappa, Alice Cooper, Björk, and many others. As in Small Faces 'Ogden's Nut Gone Flake' the cover is so elaborate that not many perfect exemplaries of the five-panel round record from the first issues will have survived relatively undamaged. Or you may look at groups that had little success or a short life, and because of that have become very much sought after, like Westcoast and British psychedelic bands from the 60s and beginning 70s. The prices and the demand will constantly raise, because of a visual and aural explosion of creativity and talents, and almost no possibility to fake original covers, ever showing the signs of time.
Great point. I have that Small Faces and it's such a cool design. I hope it continues to but I do fear the younger generations will be less interested. Hopefully I'm wrong on that. Thanks for watching.
Mike, Hello from Burlington,Vt ( home of five fantastic record shops). This was a realistic enjoyable watch. I’ve been through it all at some point. I got caught up especially collecting rare pre war jazz, blues, jug band 78’s. That genre has no signs of slowing down and there is those that will certainly pay up for “ the good stuff”. I’ve sold off most of my collection, I kept all five Elvis Suns and some scattered blues& jazz. Lately, I’ve been really going for repro (rare) post war R&B, Northern Soul, Blues 45’s. I buy tons from England, $500-$1,000 original pressings for $10 as a repro. Shipping costs more than the records. I try to locate original company sleeves and spin on my vintage 60’s AR Turntable powered by an old tube amp. I’m happier than a clam, music 🎶 sounds fantastic and I don’t have to worry about an end game.
Great comment, thanks for watching. You're in it for the right reasons. I'd love to see those Elvis sun records. I have 2 45s but only RCA 78s of his. I'm thinning a bit of my stuff but I'll always collect and enjoy the hobby. It's in my blood. Rock on man! 🤘
All good points, especially the last one about demand. A thing can't be considered a long-term investment if the demand for that thing is steadily decreasing as generations age out.
A friend told many years ago only what you like to collect that was in antiques , don't buy cause it going to go up in value. I agree with what you said about the net and the prices. Years ago I used to buy record collecting guides. They said it only a guide for prices that may have sold for .
Hi Mike, really enjoyed your video. For me its the first time visiting your channel. Have to agree with all you said. Been collecting since the age of 13. Well over 50 years. Have about 2000 45s. Which have basically sat in large record boxes for a few years. About the same in albums, all neatly sleeved and shelved. Plus a large cd collection. Leave them to the kids? They gave me their cds when they moved out!!! Having moved twice in the last 5 years, it is alot of work. Lets not mention dvds or even vhs tapes. As for value, there a few rare items. Basically i love my records, that's the most important thing at the moment. Anyway, thanks again.
Thanks for watching! Great comment. 👍
I've been thinking the same about this topic latley. I'm hoping my kids will get to enjoy my collection one day when I'm gone.
The vinyl trends for alternative genres such as Punk, Death Metal, Black Metal and hardcore remains strong. Thanks for the vid.
I have a friend in Seattle who owes a record store and says it depends on how some one choses to work there business. I would say it depends on how close you shop to a major city. He buys a lot of collections, he said if "I priced base on discogs I would own a museum not a record store!" If that's your market for record prices your in the wrong market. Just my two cents
agree with all of that ... I think sometimes the fun is finding a gem in the wild ...way less often then 40 years ago I'm sure ...Like just found a David Grisman quintet for 80 cents in NM condition ...
Hello again. I just wanted to add that as a frequent visitor (daily) to eBay, specifically to Elvis Presley vinyl records, it is plain to see that he (Elvis) is still very much alive in the Vinyl Community and his records remain to be a sound investment. Here are examples of what sold just this week and these are mostly Hollywood pressings of MONO issues: For LP Fans Only - $702; Something For Everybody - $504; Elvis Presley (debut) - $515; Elvis (2nd album) - $455; Elvis’ Christmas Album (original 1957 gatefold) - $329. There are more, but these are just some examples of what Elvis’ records continue to sell for. He is an iconic performer whose memory will endure through generations! Walter
Thanks Walter, yeah as my video title suggests I'm talking long term. How's Frank Sinatra selling these days? Iconic but perhaps starting to fade. In 15 years will Elvis still be as popular? Are people under age 40 going to be collecting his music in the future? Not sure. I teach music to kids, teens and most know who Elvis is but can't name a song. I just think that despite his huge importance, time has a way of making things less relevant. Just ask a WWII veteran about that. Good comment though and I appreciate your input. Rock on man! 🤘
@ Well, perhaps this could be a good time to sell off my collection, striking while the iron is HOT! Thanks for your input and opinion. Walter
Keeping with the idea that demand drives up value and pricing, you really can’t lose by investing in Elvis Presley records prior to 1970, Beatles (also prior to 1970), KISS, Led Zeppelin, David Bowie or Ronnie James Dio. The demand for all of the above is undying! Great video with a great deal of useful information. Walter
I hope so but I teach music for a living and the younger generations just really don't have much of a connection with those bands but I'm doing my best to convert them ha ha! Thanks for watching.
@@mikesrockinrelics I see it especially with Sinatra, his cds and albums are all over thrift shops in my area, sadly many of his older fans are passing away, and their children are donating the collections.
My favorite Sinatra, is his Capitol era.
Good for a music lover like me though.
Smart video, well done with a bunch of good points made. I'm 64 with decades of music collecting and will be passing my collection on to my kids when I'm dead and gone.
Guess what they'll do with it?
@ I certainly hope not but who knows. I have tried to instil my thoughts and feelings about keeping and enjoying my collection for the music and the historical value. I tell them “Money comes and goes but this collection will always be more valuable”.
I still have all of my parents records including the 45s, I’ll never give them up
I bought a ton in the 90s as well for an average of $1 apiece and maybe $4 on the high end. Record stores were a graveyard back then. I wish I bought more. Regardless, it’s all about the love of music and I have no intention of selling anything.
Very interesting take on the whole thing. I have found that the only people who think our collections are worth a fortune don't collect records. Thanks.
There's definitely some truth in that. Thanks 👍
I`ve never purchased a record on the presumption of selling it for profit. I`ve spent too much on various records because I want to own the best version I can find. That has always been my greatest desire. I don`t fuss over a little ware on the cover if the vinyl is good. I actually prefer a touch of pedigree on the cover of the old albums.
Wow great collection! I just discovered your channel, very cool Hendrix vinyl! I love vinyl and going to shows so I also post some concert clips on my channel, thanks for sharing the great music info, Peace!
Thanks for watching!
Interesting subject here. Think I must sell one album at a time.
Greetings from Stockholm.....
That Jimi album is practically it's own Greatest Hits album, all killer, no filler!
I just listend to it by chance today! One and Done!
I buy to listen. I’m buying a lot of import versions and 1st presses of old prog rock. I know in 10, 15, 20 years nobody will want my collection. That’s not why I buy it. I love the nostalgia and sound experience. Period.
Awesome. Me too. The way it should be.
New subscriber here from Australia . You made some great points Mike , very interesting and I’m in total agreeance with you about the future of vinyl . Cheers
Thanks for subscribing!
I do see it as a good investing in so much as when I die, I want my kids to build a mausoleum out of all my records and call it my vinyl resting place.
Lol 😁
You bring up some good points about collecting I have been buying records for a long time now but I could really care less about what they are worth or what I could sell them for It amazes me how many people are buying records for a investment instead of enjoying them for the music I’ve seen people buying 2 copies of a record and keeping one unopened hoping that the value goes up Ridiculous!! Reissues are fine for me, don’t need to pay money for a original copy It’s the music stupid! To quote another VC member
by the weather i´m might understand why you say it isn´t a good investement, i have records bought in late 60´s that still sound without any noise, it depends on the levels of humidity the cold there might be very dry but when there´s water there´s humidity and not all places are good to store records i myself live in a very hot region with a almost non existing levels of humidity and have pinewood furniture with glass windows wood framed and a very dry air, i think it´s the main reason for the records kept releasing a good sound without any dirt colected through the years but also handled them with care not those guys who wear speacial glooves but took care of them and my father was already a hi-fi freak and one of my grandfathers and grandmothers were always playing music during the day, this while doing daily tasks, this refering to my grandmother that she had a very old Dual system and at the time was modern and it still works today, they had shure cartridges to change the older ceramic type needles, this in Dual catalogs, so between 50 to 60 years vinyl doesn´t gather any aditional noises ,i have records bought by me when in my 20´s that sound perfect but the covers are cutted in all sides due to excessive listening
Cool, ya my records are stored in a climate controlled recording studio. It's a 200 year old log cabin thats been restored and modernized.
@@mikesrockinrelics some people like their own things tidy, not buy a record and throw the cover to the ground and that´s the last time the new record will see it´s cover, i know those type of person ,we call it pigs
Well stated Mike. I really wish I had a collection to revile yours, but down the road, I see things the same way. My kids don’t care about LP’s. They never enjoyed opening the wrappers, sitting listening to snap, crackle and pop while reading liner notes or absorbing the artwork. My kids had music fed to them or made a play list on the iPod.
Now I am missing my “mixed tapes”. Darn……
Thanks, yeah it's so personal it's hard to value.
Ha - I think you mean "rival", not "revile". Cheers.
Yes you are right. I didn’t think it looked right.
Collecting death metal vinyl is good for me to experience the music differently than through studio monitors and headphones.
I will sleep when I am dead.
Does that answer your question?
I didn't ask a question.
I agree with your points about there being a 10-15 year window before prices crash.. look at how worthless roy orbison, buddy holly, everly brothers are yet 40 years ago they had a value to the ex teddy boy rock n roll men who were in their 50s back then and were trying to recapture their youth... the volume of interested buyers will not be there in 20 years...
Sell me your records! I’ll help get you out of the hobby now! 👍👍👍
Yep, no dealer will even come close to paying someone even the minimum Discogs value for a collection, and they are about the only ones that have a large chunk of money at once to buy up collections, so they have the upper hand.
Totally disagree ! If you call a big independent store like Amoeba in SF , LA , or Berkeley .. even Dillon @ Noble records , they’ll come check your collection and give you a fair price . Almost any record sells $20 these days . I mean Elton John’s Caribou was 20 at amoeba the other day.. just sayin
@@boilerbink "A fair price" is not the minimum Discogs value. What is your definition of your totally vague comment "a fair price"?
@ a ‘fair price’ means they give a set % of what they will sell your album for . And in this way your argument that everyone now knows prices because of the internet works against your argument . Since Amoeba and everyone else and their ‘grandma’ know prices they can’t low ball you .
@ and as reference your albums . Even in your video I see the Dylan box set , your Hendrix album etcetc .. I’m sure you have a host of other albums that would sell $50-100 .. if your 3500 albums sold at just an average of 20 bucks .. that’s 70K .Amoeba gives 60% cash , 75% trade … that’s around 40 k to you with no app fees , CC fees , PayPal , shipping , boxes etc
@@boilerbink I never said anything about everyone knowing prices because of the internet. Again, your "fair price" is so vague, while mine was very specific. Anyway, I'm tapping out of this conversation.
The demand for classic records is LITERALLY dying a little more each day.
I agree 👍
100% wrong. Watch Collect Co selling overpriced 24/7 😅
Currently I have about 600-700 records I have purchased in the last 3 years from estate sales garage sales etc. My main goal is to sell them but I’m in no hurry hell I may listen to them a couple more times first.
God! What kind of wood are you using for storing your LPs. That is a huge amount of LPs on a long shelf without much support in between?
I know, it's pushing it. 20 years ago I had them custom made. They're pretty solid and reinforced but I'm planning on making a switch
You could just buy a length of white board like your shelves and just cut out the length you would need and slot them into the middle of each shelf. That would reinforce each shelf.
You make a lot of good points. I collect vintage 7" picture sleeve 45s (mostly 60's), so I'm even further behind the 8-ball, so to speak. I also have tons of LPs, but I've stopped buying them. But I watch a lot of videos about other collectibles, and I've noticed at sports card shows, a lot of the deals are being made by young people. There's a real frenzy going on there. What do you think about that?
I actually collect cards as well and it's gone waaayy to far in the profit driven mind set. I think you're bang on in your assessment. Thanks for your comment.
I buy music for the love of it - I have 2 technics 1200's that will be worth a lot down the road - will i sell them - probably not - cause i want to enjoy the sound of the records that i bought to play on them - we shall see what happens - i think it was Covid that drove up the prices for records - i will not spend more than $20.00 on a record - Ill rather put my money into the market for an investment not a record. Nothing is guaranteed in life especially when it comes to investments!
You are absolutely right!
People aren't in it for the.
music.
Excellent video! I 'collect' photo books but only ones that I like and at the lowest price, so I'll take softcover and reissues over hardcopy and/or 1st editions. Occasionally someone will point out that one of my books has risen in price considerably, which is a shame since even though I don't plan on selling it, I'm less likely to look through it knowing that I could damage it. Is it the same for record collectors that want to listen to their more valuable records?
Cool! Yeah I think a lot feel that way for sure. I like to play mine though 😀
@@mikesrockinrelics I need to start thinking like you. The profit that I would make would only pay for a few restaurant meals these days. 🤣
Records are an awful investment. With the exception of the most collectible artists' albums, almost all albums from the last 70 years haven't even kept up with inflation. If you're looking for something to retire on, invest in the S&P 500 instead. If you're a collector, you've gotta be into it for the music or at least the historical fun of it. If you think you're gonna just cash in one day, you're going to be very disappointed.
Totally agree 👍
I don't think of them as a monetary investment. For me it is an investment in pleasure and relaxation. I'm not a collector, I'm a consumer, so I buy what I want, and to tell you the truth, I do not even look to see which pressing I am buying. I have 2,500 LPs and 4,500 CDs. My wife and I do not have children, so at some point I will be giving away my collection to much younger friends. Interesting video, cheers!
I sold a five dollar record on eBay last week. Sale price $5 + 6.64 shipped. eBay fees $1.77 ship cost USPS media mail $4.63. I cleared $5.24 before paying for the Lp mailer.
Good stuff. I also have an ebay store. Are you in the US? Postage rates seem much better there for shipping than here in Canada.
@@mikesrockinrelics USA. Yes.
@bottlesandcans9010 yeah unfortunately that would cost me around $20 to ship so the buyer definitely has to really want it
Rare is always rare. Generally speaking in most mainstream collectibles if you buy rare, desirable, and plus condition you are pretty safe. A Mickey Mantle rookie card is more than likely always going to go up in value. Will Beatles paste over Yesterday and Today records ever fall in price? Probably not in the foreseeable future. They certainly have not been devalued in 64 years. I don't keep anything worth less than $100.00. None of those records have lost value since I had them. John Fogerty has never been valuable beyond the enjoyment of listening. I have been selling records for 60 years and literally have never seen a time when people didn't show up to record shows. I have a ton of young customers teens through all ages. The early Elvis records still sell into the $100.00s of dollars considering rarity and condition. A set of all five Elvis Sun 78s sold for almost $20,000.00 in 2023. Elvis albums and 45s still sell up toward $5000.00 but for rare pieces.
Yeah I generally agree with you. I think what worries me is that the younger generations just don't value this (being very general here) and that is the first time in history so time will tell. I will say that my family is in the high end antique business and that market has tanked for exactly the same reasons. Thanks for taking the time to make such an insightful comment.
@@mikesrockinrelics I see with vintage furnishing that tastes change. One of the local vintage stores in town was selling an aluminum Christmas tree for over $100.00 and I could only shake my head at the number of those that were tossed. We had one when I was kid and there were a couple of incidents where people were electrocuted with frayed lights on the tree. Now apparently you could sell everyone you could fine.
@kalvinbrucesmith2134 yeah, did it sell? People often think everything old is valuable. Time will tell!
@@mikesrockinrelics absolutely sold
@kalvinbrucesmith2134 well that's good 👍 i hope people appreciate the past. I've collected it my entire life and have a passion for it. My studio in this video is a 200 year old pioneer log cabin.
DONT do anything you love , you are passionate about as an investment !!!
So true!
The way I see it, records are about as reliable an "investment" opportunity as comic superhero digital NFTs. They have very little inherent value as objects -- or even as music, in some cases. They're worth nothing (or almost nothing) beyond whatever somebody who wants them can be persuaded to pay for them. It's all based on speculation. (Oh, wait, isn't that basically true of the entire world economy?) Personally, I probably wouldn't want to know somebody who saw LP/CD collecting as an investment. I certainly wouldn't want to hang out with them because I doubt we'd have much to talk about. There's no logic behind the valuation of records other than today's fashion: Today, Bowie is hot but tomorrow it might be Tom Jones. I really don't want to know about things like market share and sales figures. I don't plan to sell my records. I'd rather keep them and listen to them. Am I being cynical?
No I'm the same way. I keep seeing Collectibles videos that are all driven by price and it's just not way I look at this stuff but so many do so I felt I wanted to share some of my thoughts. Thanks for watching
Records are today's Beanie Babies. They were worthless for decades and they will probably be worthless again a few years from now. And I'm a guy who owns over 36,000 records. Like you say, the value of collectibles is based on the passing whims of the public. Records though, at least you can listen to. Beanie babies, stamps, coins are all a roll of the dice. Unlike you, I would never sell any of my records. They're members of my family and they will remain that way until I'm carted off to a home or worse.
Yeah I'm not intending to sell anything for a long time but the day will come.
So why do you have so many records? 🤔
Because I enjoy collecting them and i listen to them. I'm just saying I don't treat them as an investment. I'm a full time musician and I use them for various reasons but I plan on downsizing soon.
@mikesrockinrelics BS you didn't spend thousands of dollars for records you listen to.
Records have never been an investment financially. For the soul, yes. Its unpredictable though as far as resale prices. And quality, rarity, condition means everything. Covid jacking prices up was a rarity. If one was going to invest then they should have purchased all the BNs, UK original Beatles, Zeppelin RLs etc that they could have decades ago. That time has passed. Will a NM Zombies O&O mono UK that is purchased for $2,000 now increase in value in 20 yrs to 6 grand? Yes. But like with anything you have to have money to make money. The japanese that bought up european pressings of rock and BNs from the US are finding out that their economy is now dictating lower sale prices. Lots to consider.
Invest in stocks or realestate for financial gain. Invest in records for entertainment and your heart.
Well put. Yeah it seems to be once something becomes collected then it must immediately be about money. Things were simpler when they weren't for profit.
@@mikesrockinrelics That was a long time ago.
CD is the investment long term 💿👍
Yes, I think now is the time to fill your wellies, it’s like the same period vinyl went through in the 90s (where you could pick stuff up for peanuts). CDs will remain popular because they are a great product. The CD revival is imminent!!
if yu go to the shops yu get about 35% of mean discogs value.....that is the business
Vinyl is only worth what you can get for it.
Exactly 💯. That's kinda the point I was making and i believe it will go down in value in coming years. Thanks for watching.
Buy record or don't buy 'em. Just ask Maslof he buys 'em and doesn't listen to them, but makes videos claiming he does.
If it's too loud, you are too old!
Who is looking for an investment? I got stocks and bonds for that.
Many people view any collectible market as investments. Not only records. Today's video is a response to that and to say maybe that shouldn't be one of the driving forces behind collecting.
Why i don't see snow good long term 😆
Very good. Lol 😁
PUNK IS NOT DEAD
Another "collector" who doesn't listen to 1% of his "collection" giving advice? Absolutely hilarious. Oh, a Duke sweatshirt, that explains it.
I never said that at all. I'm a full-time musician and I listen to at least 2 records a day. I'm just saying collect them because you love them, not to invest in them.