Why Baby Boomers Will Ruin Vinyl Collections
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- Опубліковано 24 вер 2022
- Will discuss the upcoming “retirement” of boomer vinyl collectors and how the glut of vinyl collections becoming available will devalue vinyl collections. As usual, I will reveal this video’s overlooked album and will reveal last video’s unknown album covers. I will also show this video’s unknown albums.
I never once bought an LP with the idea that one day it might be valuable. Music is to be played and heard; the more the merrier. It's great that once rare albums are now more widely available.
Agreed.
10000% agree. If it's signed or a special color then cool yay! But I'm not going to break my neck or wallet trying to get it if I can own the same sound on a target/indie/Walmart/urban version instead
You’re playing my song. Sorry. Anyway thank you for watching
Agreed! “The Hoarders” are ruining the market.
I don't follow how the potential (unlikely) decrease in the financial value of a record collection "ruins" a vinyl collection. I think you answered that question when you said it won't affect you because you didn't purchase as an investment other than in your listening pleasure. As for CDs coming back, I see that as a weird situation. I don't think people are leaning toward CDs because it is a preferred format, but as a reaction to the price increases in the vinyl market. Though, ironically, CD prices are absolutely increasing as well. The increase in cassette purchasing is absolutely a fad, but CDs could go either way. Parallel Lines on the second album, BTW.
Cheers, Tom
I had trouble following this logic as well.
Correct on Blondie. The other unknown is a HUGH album. Thank you for your insight and thank you for watching
It ruins your investment, but actually good for the collector as prices lower. Peoples feelings about whether that’s good or bad betrays their position.
@@Shawn_the_GREAT I don't flip (but have no issues with flipping). For me it's about the history of the thing.
There are people who collect 78s.
In the US everything is considered "collectible," and worthy of preservation.
I feel like most people I see in record stores are young. I'm not sure the market is being driven exclusively by boomers.
You may be right, at least I hope so. Long live physical media. Thank you for watching
Yes, I work in a record store and at least 50% of the customers are youths. They buy quite a lot of records
I hardly ever see anyone over the age of 50 in a record store
@@manchesterexplorer8519 neither did I in Manchester. Clampdown is my fave shop in your city. However over here in Norway i definitely see a lot of kids buying LP’s.
@@Maanebaronen * Manchester NH
Sorry..but I kind of disagree. True some large collections may become available and "glut the market" temporarily...but not for long. A rare record is still a rare record and collections are only so big. I think it will sort itself out fairly quickly. In fact, from what I"m hearing is MANY vinyl collectors are SICK of paying high prices and would welcome a chance to buy some coveted albums at reasonable prices for once. I think those collections will only help fuel the market.
If 10 Butcher covers (1st state) showed up...I highly doubt it's going to bring the market for "butchers" down for very long. They'll be bought up quick.
It may slow down a few "new record" projects..but I doubt if a few LARGE collections are really going to make a massive difference.
As a dealer in collectibles - In general folks - I would NEVER recommend making collectibles a MASSIVE part of your retirement fund. Maybe 5% tops and no more. Investing in collectibles for retirement can be very tricky. Buy those albums because you enjoy having them and listening to them. Don't count on them to be your retirement.
Just my opinion....
Very well said. I do hope you are correct. I am just putting that idea out there and I am glad for a second point of view. Thank you for your comments and thank you for watching
Good point about the retirement planning. Have a mix of property, pension, stocks, bonds. Dont put it all in one spot.
@@LowNoiseJasonSkilz Exactly -diversify..always diversify....
The Beenie Babies analogy was odd. That fad died because it was a fad to begin with. Ask any 20 year old if they care about plush toys. Then ask them if they care about great music. I guarantee you'll get a different answer. Music has the power to channel your emotions throughout your lifetime. And it's why collecting music has lasted.
To someone in their 60s vinyl isn't and never was a fad but, to most 20 year olds, whilst music isn't a fad, vinyl is. Streaming is the new king. Apple have even discontinued the iPod. Physical collections are disappearing and will continue to do so. I'm not saying it's a good thing but, it will happen.
I still love beanie babies lol
They might care about squishmallows lol. They're very popular among my age group rn
What is wrong with vinyl prices going down? They’re already over-priced and through the roof! I’ve been collecting for over forty years and it’s never been less fun.
I hope prices go down overall but mainly for new releases. Thank you for watching
@@AllAboutAlbums Sorry, but I for one have a SERIOUS issue with the prices for COMMON, non-rare used copies of COMMON albums by legacy artists now basically going for the same price or more as the damn reissues, sometimes in less-than-pristine condition. So, speaking as someone who buys vinyl NOT for its monetary value, but for my own enjoyment, I don't see a problem with prices of used LP's coming down! Now, if it's a rare pressing variant, an import, sealed first-pressing, white label promo, vintage Mo-Fi pressing or other COLLECTIBLE iteration of a common album, I can certainly see your point about how necessary it is for those to hold their value. Otherwise, I agree that the prices for new vinyl should not be where they're at, regardless of the manufacturing crisis. That, to me, constitutes typical major label greed. And it's another example of history repeating itself, if you know what I mean.
I couldn't agree more. I'm a Gen X'er whose been into records since the age of 4. And I never gave up on the format even during the Golden Age of CD's and downloads. At first, I saw the vinyl resurgence as an encouraging thing. But who would've thought it would lead to the state of things now, with common used records now being insanely overpriced and these stupid-a** young kids actually PAYING those overblown prices for beat-up copies of iconic albums by legacy artists!? And without a doubt, it seems most record store owners everywhere are eagerly taking advantage of their younger customer base's naivete' while equally screwing over people like us who kept their businesses - and the vinyl format - alive through the darkest of times. For in addition to these kids, half of whom don't even OWN record players and only buy vinyl "for show", a good share of the blame also goes to Discogs, on account the influence they've come to wield over records stores' pricing for used inventory. Indeed, because of all this, the fun and enjoyment has been sucked out of good old-fashioned crate digging. SMH......
Is it possible that the majority of boomers already gave away their collections and that there won't actually be a sudden surge of big collections going up for sale?
The many viewers who have voiced this opinion makes me think that I may be more of an exception; a collector who never let go. Thank you for your comments and thank you for watching
"Walk this Way" - what a lovely inside story. Cheated on the first unknown "album cover white jacket", but yeah, that's a big album. Second album was gimme. Thanks Alex.
As always, I appreciate your comments. Thank you for continuing to watch.
Greetings from a retired boomer! Your commentary is bang on, glad to have found your channel.
Thank you for your comment and thank you for watching
As a “Boomer” myself, I feel as though I’m being lumped into a category. And it’s truly insulting. This is a hobby, we aren’t sending astronauts to the Moon, nor is it a Wall Street investment.
Wow sorry for the boomers but as a child of the CD era I'm excited. Always love your content, you got me to collection physical again. Thank you
Best compliment I could ever get. Thank you for watching
@@AllAboutAlbums seriously your video titled Why I still collect cds completely changed my opinion on owning physical media
I’m with you! I love albums to listen to and although I only have a little over 600 LPs they are almost all in NM condition! Obviously I need to start thinking about when to sell and stop this hobby! But for now I still love it so much!
Why stop what you love?
I'm sure I have at least 600 in completely NM shape, though I also am self-taught digitally restoring "hard cases" like broken or damaged records. Just more music and knowledge to love.
Me too. I hope a young relative will want my collection so it can live on. Thank you for watching
I used to trumpet the idea of vinyl market collapsing, but I’ve changed my tune. Now that Walmart and Target are in the game. They have way more data analytics than we have access too, notice they are taking space in the TV section to display albums, surely one of the highest dollar sales per square foot area in the store.
I also think an unstated critical point is; during Covid most bands didn’t tour so all the indie/ punk after show sales from the van ( which largely were cash and went unreported ahem ) have been recorded (( as internet sales)) since 2020. This is not really new sales, just the same sales that were unreported for several years.
True. And with bands touring again, sales of CDs are also going up. Thank you for your comments and thank you for watching
vinyl market will collapse at some point, I think within a few years. New records at prices over $30, while new cd's can go for $15 (on the high side), and used cd prices are creeping up, so might be sooner rather than later.
Smart retailers who sell vinyl also sell playback equipment: turntables, cartridges, cables, alignment tools, tracking force gauges, record cleaning equipment and fluids and cloths, etc. (I've had them all-- CDs are a.godsend).
@@philipgibbons4112 I used to say the same. Collapse is a strong word, I think it’s gained enough of a niche deep market that the big name major labels may pullback, but I think small label indie records pressings are here to stay ( not that they ever went anywhere in the 90s labels likeTouchandGo, Kill rock Stars, even Sub Pop)
I'm in my seventies, and like you, I never bought a record for anything other than the music that it contained. I've grown my library (I don't think of it as a collection) very slowly, purchasing only what I knew I would listen to time and time again. Since the 1960s, I've acquired slightly less than 400 LP's. But I listen to them all with a sense of enjoyment that doesn't diminish over time. Those who view records/albums as an investment, more power to them. But the fact that any investment can go both ways seems to be lost on a lot of the collectors/investors today. Investing in anything has an element of risk associated with it. Expecting a guaranteed return on anything related to personal desires, trends, fads, etc., is as much about timing as anything. A great case in point is the vinyl record collection. For years, it was the only mass-market medium for delivering high quality music to the personal environment. Then other delivery systems came along, such as eight track tape, cassette tape, FM stereo broadcasting, etc.( although none with the fidelity of a good LP), which all took a small bite out of potential vinyl sales, and ultimately the value of record collections. The big killers though, were the CD, and later the internet, with the former's great noiseless and near indestructibility, and the latter's music on demand delivery systems. For many years, vinyl collections were worth pennies (or less) on the dollar. Then, some people discovered they liked the sound of vinyl better than the CD, or the streaming music they were used to, and now vinyl has made a big comeback, collections are skyrocketing in value, and the cycle starts again. Where an investor/collector is in relation to the cycle when he/she wants or needs to sell is really the only thing that determines the value of a given collection. Those of us who buy only for the enjoyment of the music, are minimally impacted by this, and then usually in a positive way. When prices are down, we can buy what we like, and when prices are up, we can play what we have, as well as use other resources (CD's, streaming, FM, etc.). And yes, I have roughly as many CD's as records, not to mention streaming and FM. When it's truly about the music, everything else fades away; a noisy, abused record is much better music than no music, as is a CD, cassette tape, transistor radio in the garage, etc.
You say it so eloquently. A very nice commentary on this topic. I just see this coming and just giving a word of caution. Right now owning baseball/basketball mint hard to find cards can be worth 7 figures! But for how long? Those who want to cash in on vinyl, the time is now. Thank you for your comments and thank you for watching.
So when are going to glut the market with your collection?
No, not me. I will give the collection to my family. Thank you for watching
Can’t wait cheap records again! Old rock and roll. In my collection a lot hard to find because there aren’t many out there or many pressed and they’re are numbered. There are still first pressing as well. You can’t flood the market when a limited number of first pressing came out. If there is only 200 that were press only 200 out there. Different versions of the same record. How it was pressed, who pressed, color of the press, Does it have the booklet or art on the sleeve, is from the original masters, does have the original cover with the foil lettering?
All valid points. What I am saying, if several collectors with these rare vinyl now suddenly sell, the few hundred now available may make those who held on to their vinyl less valuable. Thank you for your comments and thank you for watching
I've been playing records since I was 10. I'm 62 and not stopping.
When I die, my wife can sell the collection and take a nice trip somewhere.
It's not about what you got. It's about what you enjoyed.. Money doesn't matter when you're dead
Well said. Thank you for your comments and thank you for watching
My grandfather told me the same thing about his stamp collection.....yeah, if you plan a trip to Fargo North Dakota or somewhere similar.
I ditched vinyl when CDs came out and doubt I will get a turntable again. The MoFi debacle and the complaints about the noisy vinyl of the 2018 Animals Remix makes it even less likely. I just purchased a Sony 4K player and it plays SACDs I will be buying the 2018 Animals SACD.
Hi rez CDs are a great way to listen to music. More convenient than vinyl and easier to store. I’ve moved my vinyl collection several times and it is annoying. Thank you for watching
I bought an SACD ready Blu-Ray player at the height of 2020. I'm looking forward to collecting high res audio and video. I started with buying high res downloads but now I don't trust major labels as much to use the best sources or have decent DR values on their downloads. From what I've read, physical high res audio is a bit more reliable.
Great analysis. I am a boomer who collects both cds and LPs I concur and have told others the same.
It’s sad but true. I hope one of my grandchildren will grow up to love vinyl/CDs as much as I do. Thank you for watching
I have a pretty big record colection with many rare titles, but I never paid too much for a single record. Still, I would love records becoming cheaper so I could get some cheaper records and other people could get'em too. Prices are too high now and I'm not interested in making a profit.
As time goes on and the interest of people change to something new, there will be less demand for albums and prices will come down. Thank you for watching
those doing collections for the mere profit and monetary value are getting this hobby wrong: your collection is about the music you enjoy, not the bragging rights and money that having something rare supposedly gives you. as for the vinyl industry, books have been selling for many centuries and still do perfectly fine, despite having to compete with the also centuries-old, also huge second hand market. if any, i only see this as good news, as i will be finally able to afford for records without having to worry about getting broke
This is why I think in some ways DISCOGS has been more of a curse than a blessing. It tricks ppl into thinking that thier collection has more value than it really does. Nevermind, the fact that the prices are dictated by imperfect algorithims that base thier value on random and arbitrary inflation. Too many ppl are starting to look at their record collection like it's some sort of hedge fund portfolio retirement plan. LOL. They will be sorely dispapointed if they ever try to liquidate.
@@mandomtz As a research resource (outside of joining it), Discogs is great. After crate-digging, I can catalogue my own very specific details about what pressings/release date/info that I'd just found.
I like your thinking. This is exactly why I did this video so we can hear different perspectives. Thank you for your feedback and thank you for watching
I think this is absolutely right. But, some are predicting that vinyl collecting will be the next big thing(similar to sports card collecting). Thank you for your comments and thank you for watching
I was wondering the same thing about guitar collections. We’ll see.
Yes we will. Thank you for watching
Yes! This is the best news I've heard all day.
Must be a slow news day. Thank you for watching
I'm like you. I buy an album because I want to listen to it. But I want the best version of it. The new re-releases for me, it may surprise you, are the last choices. They suffer often from quality control. Sometimes they sound worst that the original release. However, the price of the new re-releases could drop down. Up to now I bought from Discogs and I am trying to target the Near mint or Mint records. I cannot say I was satisfied every time but was in the majority of times that way. I even bought one that says was Very Good+ but after listening it, it was a Near Mint and it was a pretty hard record to find Donna Summer - The Dance Collection.
I do spend more than I want for an album that I love but was never before available to me. However, I shouldn’t be foolish enough to believe that’s the true value of the vinyl album. Like a house you buy, don’t think about it as an investment since you have to live somewhere. If you take into account inflation and how much money you put into your home, many individuals loose money. The point is enjoy your home or vinyl because that is where you love to live. Thank you for watching
I think you are correct. I am just barely a boomer and I already know that when I retire, I will be decreasing the pace by which I am buying vinyl. I buy music to listen to so I am not buying for resale value. I imagine I would leave my collection to my kids or to someone who would enjoy the music.
Will there be "someone who would enjoy the music"?
My understanding (I live on the other end of the globe) is that today's young people are not interested in any music, at all - it's not part of their lives.
At least in my family everyone has a strong opinion on favorite artists. Since I still listen to indie and college rock music, I can have some conversations with my kids/nieces/nephews which is fun. Thank you for watching
I am with you on this one. But my kids listen mainly to steaming or by way of Bluetooth/headphones. I’m hoping one of my grandkids will love vinyl or even CDs. Thank you for watching
I collect vinyl and CDs. I don’t have a very collection. But it’s the music I could afford as a teenager. I grew up very poor so I’m very particular with what I buy and how much I pay. I’m a thrifter and a budget driven buyer. If there is something out there over 25.00 dollar i ask my children to pull their money and give that album or boxset me as a gift at Christmas or my birthday. My collection will be up to those who survive after I’m gone. I hope they sell to people who will enjoy them.
I used to go to the local record show where I live 2 or 3 times a year, it was me (I guess I'm Gen X or a Millennial depending on which definition you use) and a bunch of really old guys (over 65) who only looked for rare country music, while I was only looking for 80s metal. I got 80% of my current collection from those shows, getting really rare stuff like Judas Priest "Painkiller" US pressing for $5, Iron Maiden records for a dollar each, etc. Nobody else cared about that stuff but me. Then all of a sudden the boomers started showing up. These guys seemingly had unlimited funds and had zero idea of what stuff typically sold for. They would pay $40 for a beat up common KISS record. Then all the metal started disappearing and what little was left was insanely overpriced because these boomer guys were paying double the going rate for anything remotely hard rock or metal related and the sellers started to catch on.
You are probably right. Boomers are likely partially responsible for the increase in vinyl prices. This is temporary. Prices will likely go down after a while. Thank you for watching
@@AllAboutAlbums Prices on really rare and desirable records keeps going up. Some local garage/psych bands from the 60s/70s collectable records here in Southern Ontario such as The Bent Wind (5 to 7 thousand dollars for a vg+ copy) The Plastic Cloud (1,500 dollars) the first Christmas album around 3 thousand, Reign Ghost albums a thousand or more, Warpig around a thousand and the first Rush album on the Moon label over a thousand dollars even though 3,500 original copies were put out in 1974. Maybe prices will go down after all the "boomers" are gone, but that's still decades away. I plan to keep on collecting till they come and collect me.
Too true. But as I've stated in previous replies on this thread, just as MUCH of this problem stems from younger millennials and Gen Z kids who now make up a large of the customer base for many local record stores. In their apparently naivete', they'll see a used beat-up copy of a common record as something worth paying $20-$40 for "because it's genuine and tells its own story aside from the music", etc. And record store owners at large, knowing this, are wasting NO time taking advantage of Zoomers and Boomers alike. Meanwhile, Gen X'ers like myself - a small portion of the population who did as much as we could to help keep both vinyl AND the brick & mortar record store alive through the dark days of the 90's and early 2000s - are REALLY the ones who seem to be getting screwed in this deal. And (forgive me if I'm repeating myself from previous thread comments) if you ask me, the idea of prices on common used albums coming down under ANY circumstance is literally MUSIC TO MY EARS (no pun intended)! PS., sorry for so many parentheses (what can I say? bad habit of mine! LOL!).
Since my first CD in 1984, i have stopped buying vinyl and up till today, only buy CDs. No cassette, no vinyl, no digital, no Spotify 😄(a lot of stuff i listen to is not on it anyway). Only CDs (usually very limited) on small labels (through Bandcamp) from all over the world… I have around 4.500 CDs, and just like you i only buy what i want to listen to. Also, hopefully, a lot of old stuff (in any style) is still regularly available, in limited runs, in Japan (for a hefty price, of course 😅). None (except one) of my CDs (even the old ones) have had any problems playing and i can still enjoy all of them…
Many viewers agree with you. I have a nice collection of both CDs and vinyl. Many times the CD is all that is available. Thank you for watching
Nineties were golden era for me when I collected all OGs for buck each, which are now at least 40 bucks now in Discog, stopped collecting Vinyl since Discogs came into existence...enjoying all OGs and collecting CDs now for 25 cents each now.
It’s what the market will bare. You are shopping wisely. Thank you for watching
First one - Michael Jackson "Thriller", second one Blondie "Parallel Lines" 😎
Very nice. You’re the first one to get both correct. My question to you is, why did I put these two unknown album covers together?
@@AllAboutAlbums I'll bite, album covers are mostly black and white?
I have over 4,000 albums and 2,000 cds in my collection. Been collecting since I was 8 in 1962. Jim
Similar to my collection. I hope my grandkids get into vinyl. I’d hate for my collection go to waste. Thank you for watching
I’ve been to dozens of moving, downsizing, and estate sales in the last year. The records are all in terrible condition and run towards easy listening anyway.
Alright. That could mean that there are fewer well cared for records than I think there are. Thank you for your comments and thank you for watching
Not as much of a problem for classical music collectors. We take care of our L.P. albums. Of course we die anyway.
@@geraldmartin7703 lol very true. The classical titles are in great shape (although no one buys them, even at $1 each).
If you are collecting as an investment you're doing it wrong. Sure, I'll buy a second or third copy on some things that seem like they'll spike in the future, but I don't look at my personal collection as an investment. When I started working music retail about 24 years ago we were able to score collections at $5/box all day long. Today when people come in to sell their (quite often moldy by this point) albums they had in their basement, they either are expecting ebay/discogs money laundering amounts for a totally different pressing in much better condition or a realistic amount.
As a music retailer I'm thankful for the youngsters. We're now able to sell Sinatra albums tge day they hit the floor for $10+ that we had a hard time pulling $2+ for after a six month wait just four years ago. This type of thing has also helped pad the median Discogs price for everyone else's collection.
Overall this video felt clickbaity, confused & misguided. Hope you haven't invested in any stocks or futures; you might be in for a surprise by the sound of it.
I do feel prices are out of control. Vinyl cannot go on like this in the long run.
My vinyl collection is priceless to me but to no one else. I am not wearing rose colored glasses. Thank you for your comments and thank you for watching
Interesting topic. When I first started buying albums in the early 1970's, it was always for music that I loved. I amassed around 700 to 800 albums. Then came marriage, children and work work work. I went for about 30 years with only buying a few albums. When I Retired in 2010, I decided I wanted the debut album of the first 10 inductees into the Rock n Roll Hall of Fame. Little did I know that some of those albums were going to be very costly. Elvis's Debut album was around $200.00 in 2012, in just ok condition. Within (5) years of 2012 that Album was starting to pop up all over the place. I bought it again around 2017 (in much better condition) for $100.00 dollars. That's when I started to realize the market was beginning to be flooded with almost any vintage album you could ever want. There's millions of almost any record ever made. So it's not like any of them are really all that rare. They were just unavailable for many years. I don't know what will happen to my treasured vinyl collection, unless I make sure of it myself, before my days are up. Like you said, Album collections take up real-estate, people have to have the equipment to play it on, and have to have a general liking of the same taste in music to be interested in it. Long story short, I buy Albums of the music I love. It's always been quality instead of quantity for me. Whatever happens to my treasured Album collection, what I've spent on it doesn't matter to me and it hasn't cost me a dime. Because it's brought me a lifetime of treasured memories, joy and great times with friends. That's priceless.
Very well said. I do agree and there is no single album in my collection that I am willing to part with. If I have a second copy then I’ll think about it. Thank you for your comments and thank you for watching
I agree with most of the things you say in the video. I'm a 24 y/o record collector and I just don't see the passion or intention to collect and listen to records from people my age (with the exception of some sporadical collectors, which mainly buy reissues and don't give the hobby much importance). I think records are definitely starting to lose both emotional and economical value, at least that's what I see.
Collecting vinyl is mainly my generation. It is becoming more niche as there are fewer baby boomers. But that’s ok. There are always new things to come along. If you enjoy the music and vinyl collecting is fun, that’s all that should be important to you.
Well when you come to sell your collection I maybe interested in buying it...at a reduced price obviously......
I hope my grandchildren will be into vinyl otherwise I’ll keep you in mind. Thank you for watching
As a younger vinyl fan, (22) I think it's kind of interesting seeing vinyl compared to beanies. I don't really feel the need to variant collect, but I know some of my peers do. It's neat seeing what older fans have to say but I don't necessarily think younger fans are ruining it, just because a company does something doesn't entirety mean the target audience is at fault. It's the company at the end of the day
That’s an interesting point especially coming from a young vinyl fan. However, if the product is in great supply, then the price goes down. That is my point. Economics 101. Thank you for your comments and thank you for being into vinyl. As Spock would say “live long and prosper”.
Things that are only collectible because demand is higher than supply are always dependent on hobby trends. Things with true cultural significance and scarcity will be worth something in almost any circumstance. Stamp collecting is dead. But certain stamps have value, even among people who aren't avid stamp collectors. Lots of people who care nothing for comics know that the first appearance of Superman is a genuine financial asset.
One of the most interesting things I heard was about collectors whose collections "age out". Collections with lots of Jerry Lee Lewis, Elvis, Buddy Holly, etc. When I was a kid, older comic collectors had a lot of Western/cowboy comics. No one really wants them anymore.
That is an interesting point you make. Probably something like original mono pressings of the Beatles will have value for a long time. But other bands, not so much. Thank you for your comments and thank you for watching
I'm waiting for that to happen to The Beatles. Ruined rock'n roll and college education in my opinion.
P.S. It happened a long time ago to my Living Strings and Big Bands of the forties collections. Glenn Miller, anyone?
Records that are truly rare and collectible are usually as such because a limited quantity existed in the first place not because folks like us [I'm 58] are hoarding them. I doubt prices will be effected too dramatically by our selling. I started slowly selling my collection about five years ago and have increased the pace greatly the last year or so. I don't want my wife to be stuck with it should I go first.
Exactly, many of the most expensive and desirable records today were only pressed once back in the day and next to no one bought them.
I can see your point. Many viewers agree with you and don’t think boomers will affect the market. I am glad this topic generated a lot of discussion. Thank you for watching
I’m sick this…At 47 I’m throwing in the towel. I was nuts enough to buy both the CD and LP of my favorite albums. I’m ditching the vinyl and sticking with CD and HQ streaming
Many viewers feel the same way. Prices of vinyl are exorbitant and will not come down in the short term. CDs still give great sound. Thank you for watching
I have about 1600 records,many of them are rare and worth some money. Nice to have a collection but I do not worry about when to sell them. I bought them cause I love the music. And going to enjoy them till i leave this world.
I have the same outlook on my collection, although I hope a grandchild may want my collection. Thank you for your comments and thank you for watching
I have the same outlook on my record collection although I hope a relative will want the albums to enjoy. Thank you for your comments and thank you for watching
When I got married I sold about 3/4 of my record collection. Don’t really care what it does to the market because I’m done with new vinyl except for a couple of artists
Understood. I will be much more selective in the years to come as well due to prices. Thank you for watching
I don't think retiring boomers will do much to deflate record prices or value, many of them dumped their records back in the 80s, when used bins were flooded with 60s rock, and 70s rock. I mean just how much is a Doors album worth these days? Or Janis Joplin, Hendrix, Beatles, or whoever? For boomers with collectables, yeah, they'll know what they have, and will try to command a high price but their problem will be a reduced market demand since their target would be small. But as always, records that are hot today, will be cold tomorrow, and cold today, could be hot tomorrow..
By this logic, there are no rare comic books or baseball cards anymore, because the market was flooded with the first appearances of Superman and Batman, or Mickey Mantle rookie cards, after older collectors died.
I’m hoping I’m wrong. Many viewers do agree with you. Thank you for your comments and thank you for watching
I would suggest that nobody sell any album they bought new for less than half of what they paid for it, unless it is scratched and damaged to the point of skips and such. Those that want that album will probably be happy to pay that price for it.
I guess the market will set the price. Thank you for your comments and thank you for watching
I'm a "Boomer" and i stopped buying vinyl with the advent of CDs because vinyl SUCKS.
Always the "Boomers" are blamed for everything -- in this instance for inventing CDs.
I thought we blame everything on millennials. Oh well. I can take it. It’s all just food for thought. Thank you for watching
@@AllAboutAlbums "Boomers" have been accused by the younger generations -- plural -- because the "Boomers" "fucked up the world". In reality the world is "fucked up" because humans -- including those history-illiterate younger generations -- are imperfect.
My generation got the US out of Vietnam. We mainstreamed the environmental movement -- I learned of climate change in junior high ("middle school") science in the early 1960s. We got BOTH Agnew and Nixon.
And for better or worse it was "Boomers" who invented the personal computer, established the Internet, and social media.
Thanks to my generation, know-it-all "Millennial" and other twits can twitter their illiteracies against "Boomers": I noticed, just before the pandemic hit, among comments to articles in my regional newspaper, the view that "Boomers" need to be "offed". (After the pandemic hit the lieutenant governor of Texas said that "old people" should just willingly volunteer to die.
i still see the bashings of "Boomers, but let's look at the reactionary younger generation: my generation established "Roe," protecting women's bodily autonomy. But the history illiterate know-it-all younger generations helped third-generation New York con-man and career criminal Trump get elected, and "Roe," and the right of privacy it was based on, were erased.
Instead of bashing "Boomers" who've made constructive contributions, deal instead with the POISONOUS SELFISHNESS in YOUR generation: after we "Boomers" are all gone that POISON will still exist.
I believe that truly rare records will hold and even increase in value, not so much for the everyday rather common issues that were never held in high esteem. And though this video is not a record review, I also believe (and wish) that people who speak of "vinyl" should at some point distinguish between older analog (aka analogue) and newer digitally mastered or remastered vinyl. To my old mind, the older (especially pre - '78) pure analog recordings are the one's to collect and have. Today's collectors must watch out (if they care) for digitally mastered or remastered LPs. To me those will always be more easily reproducible and less valuable (desirable) than the older pure analog productions. Any vinyl with a digital step in the production process is generally no better or different than just having a less-expensive CD. But having said all that, I collect vinyl because I want analog, not a digital copy. If I'm ok with digital, I'll just buy the CD.
I agree with you, however it is what the market will bare. In other words if a digitally remastered vinyl album is highly sought after, then it will have a high price. I do miss the days where vinyl was just ordinary and priced accordingly. Thank you for watching
The value of vinyl is never consistent. It'll always change, rare or not.
I agree that vinyl prices will fluctuate but I do think what collectors currently pay for rare vinyl will come down in price. Just like our housing market. Thank you for watching
60 and 4 days here. lol. Im buying like there's no tomorrow.
Great! Enjoy your music. Thank you for watching
Happy to see records decrease in price, not bothered about reissues so as long new records are pressed for new releases… all good.
Good attitude. Can’t argue with that. Thank you for watching
I have been collecting vinyl since 1970. As a former National Retail Record Buyer for Record Chains ,Record Distributors and National Chain stores. My collection is based on my taste which has evolved.
I don't purchase records for their value ,I acquire solely based on the musical content. It's a collection and a Music library and a Time Machine. Your theory on large collections and value deprecation is misleading on several fronts. First of all 40% or more of vinyl sales today are considered deep catalog. Second there has always been those collectors who want to flip the vinyl for profit. They are not record collectors. Third the quality of many Pop Rock albums in the 70's were over pressed and the use of shoddy vinyl prevailed.( I was there) The sound was loud noisy and poorly produced. However also in that time period Classical labels, Japanese Pressings, Blue Note, ECM, Dutch Gramaphone, CTI, just to name a few produced quality recordings. Now those 70's over pressed records are being released and remixed still analog but on better vinyl and superior packaging and better sounding.
Quality over quantity always prevails to those who are about the music. This vinyl boom has opened up several options for ,teenagers,adults in their 20's and 30's. The resurgence of Jazz , Blues,New Age and Classic Rock is exploding. Classics albums and artists' from the 50's 60's and 70's are now exposed to the masses. .The price is the price the value is the value it's the music that counts.
This is the best of times for quality sounding music and exposure to great artists. Sirius XM plays a huge part in introducing several music genera's. They hear it ,they go and buy the Album or the CD. It's all good the audio business has exploded also because of the rise in vinyl. Relax don't fret it enjoy it, majoring in the minors never works out.
Boomers vinyl shop prices are through the bloody roof!
Amen. I’m sorry that I am part of the problem. I do think that these things are cyclical and with increasing inflation, luxury spending will decrease. Thank you for watching
Most Boomers who weren"t seroous collrctors dumped their vymil years ago.
That seems to be the consensus. I too hope I am wrong here. Thank you for watching
Eventually, vinyl records will lose most of their collectable monetary value but keep a certain value as a novelty just like the old wax cylinders and 78's from the late 1800's early 1900's are now.
That very well could be. There are however sport card collectors who believe that vinyl collecting is the next high ticket item. I think we are part way there already. Thank you for watching
Maybe what our holdings are worth are interpreted as what our lives are worth.
A little philosophy is welcome. Thank you for watching
I'm sorry, I can't agree with this. First off, how many "big collections" does he think are still out there? Most people got rid of their vinyl collections years ago. Plus, even if there are a bunch, they're not all going to sell their collection at the same time. And third, what is wrong with vinyl going down in price? The way they've gone up so high lately, it would be nice to see the price go down.
I’m not arguing. We all need for vinyl to come down in price. Just a possibility. Thank you for watching
I do not necessarily disagree with what you are saying.
However, much of the collectibility scene today, across all genres, is unfortunately based on manufactured artificial scarcity. I believe the older collectibles will retain value no matter what. Mostly because manufactured scarcity didn't exist in the 50's, 60's, 70's and even the 80's. Considering older vinyl, even if you go from 500 of a particular popular album available for sale to 3000 available for sale, it is still a small number when compared to a modern limited edition of 5000, 1000, 500, but with a normal version available in the millions. An artist like Taylor Swift is a good example of this level of production.
I believe, if you are a collector of old copies, in the same fashion as first edition books, you really don't have much to worry about.
Nicely said. You do have a good point but I’m thinking 20 years from now when most all baby boomers are gone there will be an awful lot of vinyl out there. Maybe I’m wrong. Time will tell. Thank you for your comments and thank you for watching
@@AllAboutAlbums Yes, I understand what you are saying. However, one could make the same argument about books over the past x hundreds of years. The onslaught of digital everything, the boffins said it is the end of the book. Yet books are more popular now than ever before. First edition books are still very highly sort after. If you consider that there is an ever growing population base moving away from digital and desiring to own the physical… even amongst young people, I think what you are concerned about will be absorbed easily by the new generations. Also one must consider how many will literally survive the passage of time. Same as books.
Of course I haven’t even touched on the enormity of the Chinese/Asian markets which are also falling in love with vinyl. They will become a vacuum cleaner sucking up everything available. So long as our leaders don’t take us to war.
If the price of vinyl continues to rise, More cd's will be sold.
I agree. Vinyl has become a luxury and in times of financial trouble, luxury items are first to be abandoned. Thank you for watching
Total red herring "argument". If you look at collectibles as an investment, then you do it wrong (or you don't care about hanging on to it, and then you can engage in market timing, in business/investment speak). Also I buy mostly new releases by current artists, so the availability of pressing plant capacity due to scuttled re-releases is a good thing. As a 50+year modest collector (1250 vinyl/CD/tapes), I gravitate towards new releases, and oldies have zero appeal to me. So the boomer collection release is not affecting prices of records I am interested in. Vintage car availability is not affecting Tesla prices.
I see your point. I have collected to be an owner of music and support my favorite artists. I have never bought a vintage album just to have a rare album in my collection. I too only will buy new releases or at least new to me albums. Thank you for your comments and thank you for watching
What a bizarre comment - I've never bought an album or even CD for my collection in the hope it will increase in value, so I could care less if a glut of albums is perceived to devalue it. I won't deny that a fair few have increased in value - but I'm only selling if I no longer want it, not to capitalise on it - but having said that if people are prepared to pay me more than I think its worth so be it, I'm not going to take a fiver from a guy if someone else is offering me a tenner. A glut of vinyl on the market from expiring "Boomers" only means that people may get the opportunity to buy decent versions of the albums as they were actually released more likely a superior version, not a recent represses, some of which are hit and miss quality wise ( the thought that 180g vinyl is some sort of holy grail for optimum sound is absolute tosh) or digital conversions put to wax. This glut if it even happens won't ruin vinyl collections - it will enhance them.
I think your comments are likely more correct than my point of view. However, it was done for conversation from vinyl collectors to see where they think the future of vinyl will be. Thank you for your comments and thank you for watching
Unlike cabbage patch dolls vinyl is something you can play rather than stick on a shelf / it is true that the cheap turntables do not compare to our cheap compact units of the 70s / rock on
That is definitely true. Thank you for watching
One of my biggest pet peeves is people complaining about "first world problems." Anyone who's fortunate/privileged enough to pursue record collecting as a hobby should be counting their blessings, rather than counting how many thousands of dollars their collection is worth.
Sounds like a first world problem dude
There’s a guy making a new 8 Track player with USB and without the problems of the old players that will be available for retail sales very soon! Hopefully! Think about it! What is more compact than an 8 track tape! I agree but I also think most baby boomers are not into Heavy Metal! And Heavy Metal maniacs are an exception! Heavy Metal will be very collectible for a while longer! FYI I saw a young kid buying Glenn Miller Records at the record convention!
Amazing! A viewer commented that they work at a record store and Frank Sinatra albums a few years back would sit in the store for months and now they sell as fast as they arrive. Thank you for watching
Record collectors are a small niche of the overall vinyl market. It won't matter to most of us. If you're buying vinyl records to fund your retirement, you're getting some seriously bad financial advice.
Amen. Thank you for watching
Peak vinyl maybe happing right now. $55 or $60 for a new non rare mainstream album on vinyl is not sustainable or desirable. RSD contrubutes a glut every year of nonsense novelty pressings etc.
I have over 8,000 records. Been collecting since the 80s. Im getting more into CD collecting lately too since its much cheaper (for now) and takes up less room.
I agree that vinyl may shoot itself in the foot if these crazy prices continue. CDs are always a great option and can sound great. Thank you for your comments and thank you for watching
Dude, points taken. Get over it. I have a mix of LPs, CDs and digital files. No more room in a small NY apt. for physical media. Dilemma no car to de-acquire a portion of my LPs BTW, aren't you a "boomer"? I am. Right in the middle of those years. Yeah, those earlier boomers got it all. Political power and more wealth. As I took off a year, was delayed in college 3 years longer than what someone my age would undergraduate finish, I found that older ones in NYC got the deals on apartment and all the entry level jobs as the 80s were starting.
I feel like the younger crowd has ruined vinyl with their incessant demand for purile gimmicks and FOMO marketing. The industry is ruining vinyl with their obscession with expensive and unecessary boxsets. I've set it before, vinyl needs become exponentially less popular if ppl want it to sustainable and affordable. Otherwise it's just gonna be a luxury hobby for yuppies and rich people..
The industry can do what it wants because I've never had to pay attention to it--or into it--if I didn't want to. Bean counters at majors are still screwing up by not setting back up the very processes they'd invented. Demand for vinyl is massive right now.
Maybe I look like I should start claiming "ol' phart status" soon, but age has never been relevant to what records I've enjoyed--old or new. The person showing me has ranged between ages 6 and 96.
As I've aged that hadn't changed, and I hope it won't.
I agree. Let music be and let us enjoy our vinyl. Thank you for your comments and thank you for watching
I may have opened up a can of worms but it is interesting the many point of views out there. I love my music and always will. I hope vinyl will continue beyond my days here on this world. Thank you for your comments and thank you for watching
Agreed. This is a bunch of yuppies falling for industry hype. When I look around, I see more young yuppies than the old ones that we used to hate on back in the 80's. I'm a real music fan so I buy the cheaper format. I just want the music. In the 80's, I refused to buy cd's as they were too expensive as I saw the prices of cd's as overly high. The man told us that they sounded so much better than lp's, hyping up all of the advantages. I stuck with vinyl into the early '90's. Now, I refuse to buy lp's. They are insanely overpriced for a very comparable format. Now the industry is hyping lp's and it just happens to be at a time when lp's are insanely priced. Now, I would buy into some of this vinyl craze if they were comparably priced but there is no way that I'm falling for some yuppie suit's marketing scheme to get another yacht when I can buy a cd for so much less. Some titles on cd's sound better and some lp's sound better. Some cd's suffer from loudness compression, all lp's suffer from frequency response compression of the inner tracks (some more audible than others). People that say that lp's sound better usually are comparing an high end turntable/cartridge/pre-amp against a low end or average cd player/transport-dac.
As a young person I can agree is ridiculous prices people my age will pay for limited release on vinyl. One thing I argue as young person I love the art of crate digging through crates from antique store, thrift store and record store
Don’t worry we’re in free fall inflation mode. No matter what our records will be “worth more” as everything seems to be “worth more” now haha
In an obtuse way you are right. But you get what I’m suggesting. Thank you for watching
If I could predict the future I would be rich!
Just seeing what viewers think and it is pretty much 50-50. Thank you for watching
I'm not so sure about this
I hope I’m wrong. Several viewers agree with you on this. We will have to wait and see. Thank you for watching
I think your outline is too bleak. I never stopped collecting records and focused on music I wanted to hear and have. Currently records seem to me to be overpriced. I buy more CDs now. Who knows how the market will change. Prices are a reflection of desirability and that is largely tied to the age group of the listener. As the cohort passes away demand for older albums may fall.
You may be right. I hope prices do come down. I never thought about the idea that as the baby boomers pass on, the desired albums will change. Thank you for watching
I have to disagree, rare records are still rare, they will just change hands. They're rare because of the number pressed, not the number of them in collector's hands.
Good point. Didn’t look at it that way. Thank you for watching
Yes but, we have children who have coveted our stuff for decades..my gear and albums will go to my kids and grand kids
My kids aren’t interested. I can only hope for one of the grandkids will love vinyl. Thank you for watching
Sorry, but doesn’t make any sense. Record prices will go down because when boomers die their collections will flood the market and the value will go down? No. Record prices only getting higher with those ‘young boomers’ snatching up everything in sight and driving up the prices. In a sense you’re right, boomers are ruining collecting vinyl for everyone else by driving the prices through the roof… not by driving them down. As far as value is concerned, it is what it is. Real value is in condition and rarity and that stuff will always be valuable… and no amount of dead boomers will lower the value of really rare records because rare is rare. For the vast majority of record collectors value has nothing to do with it. People aren’t collecting because they expect it to pay for their retirement. I’d guess the current vinyl boom Might slow down as we continue to recover from covid and people find other things to do with their money. But your whole hypothesis about dead boomers doesn’t make much sense.
That’s interesting what you said. You may indeed be correct. As to prices, like you said, the market will determine this. I do feel like you that vinyl’s current popularity will wane. Thank you for your comments and thank you for watching
What do you collect vinyl for? the physical item or the music contained there in? If the item is more important to you than the music ,you might be correct? I collect music Vinyl is just one medium! The producers of vinyl TODAY is what is destroying vinyl. Sorry ass pressing, poor manufacturing and compressed mastering from digital source totally defeats the lure of vinyl!
Some vynil is way overpriced these days. I don't care about the value of my vynil collection but the content.
Amen. Same attitude I have but others don’t agree with this. Thank you for watching
@@AllAboutAlbums I can't stand sellers doing crazy profit on the back of great bands.
When digital media comes default with a file containing artwork, lyrics, liner notes coupled with boomer retiring from collecting physical media will be donzo
You are way..... over thinking this. You didn't really even need to make a whole video on this quite honestly. You're making some huge assumptions based on little known facts and trying to get views for it. This is another reason why I get so irritated with UA-camrs.
What you are talking about is already happening and it hasn't hurt the market yet and I doubt it ever will.
Great. I hope I am wrong like you suggest. Thank you for your comments and thank you for watching
Who is thinking about the future value of your vinyl collection.? No man. Vinyl has to be played and enjoyed. For me there is no issue at all. It's not an investment ffs.
Hey, PG 13 here. But, I agree 100%. Thank you for watching
Well the boomers have ruined everything else in this country, why not vinyl?
Sorry. Thank you for watching
I have 1000s of vinyl. It does take up space but it has its own room. My daughter loves vinyl and will inherit the vinyl and the house. Its in mint condition. Never bought any of it for investment. Oh well. Whatever
I’m with you. But, my kids don’t want my collection. Hopefully one of the grandkids. Thank you for watching
@@AllAboutAlbums aw Im lucky that my daughter loves music and vinyl. She spent years from 3-12 in our record stores. I bet alot of kids would not appreciate loads of vinyl when a parent dies but hope they wouldn't throw it in the trash. 😀
This is kinda BS. sorry but a lot of ppl will not give up their collections and they get handed to other collectors/friends family etc. In the end there will be ppl always looking for the best copy of that rare Lp and those will be less and less as time goes bye. I have friends with multiple copies of their fave lPs and they keep looking for that ultimate version/copy. I also have albums I have a few copies of, my fave lps I even mulitple 1st pressings of etc. Vinyl will be here until the presses die. Dont forget, that while audiophiles and the average consumer were busy with CD's the Dance scene kept the presses rolling, thank the Electronic music scene that vinyl is still around!
Never thought I would thank dance/electronic music but you make a good point. Thank you for your comments and thank you for watching
Your logic is deeply flawed. There is nothing wrong with selling your personal collection at ANY age you choose to. Sellers owe "the market" nothing. You seem to be saying the supply of records in boomer's collections, can and will glut the market. I disagree. First of all, those collections won't hit the market all at once. Second demand for NEW vinyl is on rise and there is no signs of that stopping. Hip-hop vinyl is especially lucrative at present. Doubtful there's a ton of hip-hop vinyl in your typical boomer's collections. Record collecting may crash, but so far it hasn't, even in the face of competition from CDs in the 90's-00's, and (nearly) free streaming services in the 10's - 20's. If it does crash, it will be due to LACK OF DEMAND, not because boomer's started to die off and the collections hit the open market. What I do predict is that records from certain genres or artists will devalue over time. Tastes change. Look at Barbra Streisand. She was a superstar in her day. Now the $3-bins are full of her stuff. I cant even think of a "collectable" Streisand record.
“Will”???? What world are you living in???
They already did - and I think it was more millennials than boomers…
Bullocks
Short, but to the point. I’m in no position to argue since this is something that may or may not play out in the years to come. Thank you for watching
An LP is is in no way equivalent to a Cabbage Patch Kid. The latter has almost no artistic value and the former has much much more sentimental value. A vinyl album also has a use beyond being a collectable item. Where as a Beanie Baby's use is specious at best.
You also are making an assumption on how many large, near mint, collections are out there in the hands of the aging Boomer and whether or not they will be willing to part with their precious collections while still bound to this mortal coil. In my experience as a member of the forgotten generation (Gen X) most Boomers got rid of their collections and replaced them with CDs by the time a certain band's unprecedented breakout success in the early 90s took up all the oxygen leaving none for the lingering contemporary Boomer acts that were nascent in the 70s and early 80s but had become complacent, stale, and bloated by the time of the formation of this band, who's name I need not mention. Like a bug bomb they were loud and aggressive and blunt in their rapid expansion and the fall out guaranteed the extermination of all the genres like "soft rock", "moderate rock", "yacht rock", "easy listening", and the most condemnable of all, "oldie" that appealed to the tired, old, egoistic and conformist Boomers who thought this new music was inscrutable and feared the change that was taking place. Out of this fear came an impotence to curate and protect their remaining vinyl collections so they got rid of them as quickly as possible and replaced them all with safe and secure CDs that will last forever. And even the ones that did hold on to them would rather keep them in boxes in the attic or a self storage place. They grew up in an unprecedented time of economic growth where anyone capable of doing any 40 hour a week job without a college degree could prosper and raise a family, own a home in the suburbs with 2 cars while mom stayed home to raise the kids. They were set up for success but felt like they had actually worked hard for it so not many are willing to part with their precious record collection until they are cold and in the ground and may even have post-life directives to be buried with them.
But I could be wrong. We will see.
Sounds bleak, but you make some very good points. I’m in it for the conversation and learning from others. Dialogue is what I am after and it’s nice to know there are other vinyl enthusiasts or detractors out there to present their view. Thank you for your comments and thank you for watching
I disagree. Vinyl will keep going up. Generation X comes right after the Boomers and we like vinyl. After we go, it will be all digital.. Even those $120 perfect copy new records are not bringing down the crate digging prices for early presses. Boomers were born in the Great Depression. Depravity creates desire and lust. Then follows hoarding. The boomers hoarding creates depravity for the Gen Xers. Once the Gen Xers desires are fulfilled I don't see a market for vinyl. The next generations have never been deprived of their desires. They see hoarding and collecting as pathetic and unnecessary.
That makes even more sense then my argument. Thank you for comments and thank you for watching
Please, please, please do not quit your day job and rely on records for a "side hustle" to supplement Social Security and Disability checks.
Ok. Good advice. Thank you for watching
@@AllAboutAlbums unfortunate, but it does occur....Yes we are all excited for your church charity sale score of that Litter Distortions record...but please.... not sufficient to retire on, just yet..
yes blame everything on the baby boomers, and most importantly make an 18 minute long video complaining about 1 simple thing, just to milk as much watch time as possible.
I see you caught on to that. Anyway, thank you for watching
Dude! Aren't YOU a Boomer, lol! You're at least 60? Vinyl Jockeys? I'm almost 70 and I am not impressed by so-called analog formats. They're OK but nothing special. Collection and value? I could care less. The purpose of a collection IS NOT found in its value! Foghat and Arrowsmith? Really, lol! I don't own any of that, why would I? Maybe you are younger than you look?
I’m in the Baby B club! These are just some random thoughts to see what other viewers think. Some interesting discussion on the topic. Thank you for watching
@@AllAboutAlbums It's all good! Don't mind anyone who is into the audio hobby. It is a rewarding and potentially, relaxing one. And God knows we need some downtime as the world is trying to tear itself apart. I grew up with vinyl but transitioned to digital in the '90s. And before that I was into cassettes ('80s). I still have a couple of tables around here but they do not get much use. And I've heard a lot of TOTL vinyl systems. They sound OK but they do not wow me. I say, enjoy whatever your MEDIUM is and don't worry about better or worse. Heck everyone in my daughter's generation is bluetoothing themselves to the max, lol!
I gave her a TT because it's a fad for 20 somethings, and bought her a Schiit Mani.
Have fun!