The Quietus - A new rock music and pop culture website

News

Rare Records Getting More Expensive, Says Discogs
Christian Eede , November 21st, 2018 15:13

A new report from Discogs claims that the rarest of records available via the online marketplace are getting pricier

The rarest records available on Discogs are getting increasingly expensive, according to a report shared by Discogs.

The report compared prices on sales of rarer records between now and 2010 to come to their conclusion, noting that five records have sold for over $10,000 via the online music marketplace in the last year alone. One of these, a rare Canadian copy of Prince's infamously deleted The Black Album, sold for $27,500.

Discogs' report also notes that data on the most expensive record sold each month has increased significantly, with averages increasing from $2,000 to $12,000 since 2015.

"There's no desire to find a deal or hunt for the perfect piece; just buy, sell, buy, sell," the report says of these inflated prices, adding: "That kind of behaviour usually leads to artificially-inflated prices and a bubble."

Discogs also notes that the marketplace could be helping to drive up these prices. However, the report adds, if you take a wider look at the market for these more expensive records, outside of Discogs, it may not be the site is fully responsible, but is rather "just helping ridiculously-expensive vinyl become more mainstream."

You can read the full report for yourself here.

Discogs recently launched a platform for rarer and hard-to-find vinyl, called Exclusives.

If you love our features, news and reviews, please support what we do with a one-off or regular donation. Year-on-year, our corporate advertising is down by around 90% - a figure that threatens to sink The Quietus. Hit this link to find out more and keep on Black Sky Thinking.