$200 Million Was Spent On Discogs Last Year

Discogs data has revealed that record collectors spent over $200 million on the music marketplace last year

More than $200 million (£147 million) was spent by record collectors on Discogs in 2017, new figures released by the music marketplace have revealed.

As the BBC reports, more than 10 million records were sold via the site last year also, an increase on 2016’s figures of 8.3 million, with vinyl the most popular format totalling 7.9 million sales.

One of those records was a rare 7" vinyl copy of The Beatles’ ‘Love Me Do’ which was the most expensive record sold on the site in 2017 at $10,502 (£7,700). The record was one of just 250 copies pressed with Sir Paul McCartney’s name spelt incorrectly, instead reading "Paul McArtney".

An 11-disc box set from Pet Shop Boys, Yes, was the second most expensive item sold on the site last year at $7,337 (£5,378). The popularity of vinyl on Discogs reflects increasingly healthy sales figures for vinyl in the mainstream and new music market.

The site has also released figures for the first quarter of this year covering January – March. Tresor’s 2017 repress of the back catalogue of cult electro label Scopex and WRWTFWW and Palto Flats’ reissue of Yasuaki Shimizu’s Kakashi took the top two spots for best-sellers on the site during that period.

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