If you’re a collector of rare or hard-to-find records, you might want to ensure your bank account is nice and healthy, because a new report explains that the price of rare vinyl is only set to go higher.
Ask any record collector, and they’ll tell you that one of their most invaluable tools is Discogs, a crowdsourced musical database that doubles as a marketplace. The site has been around since 2000, and helps to put serious record collectors in touch with each other in order to fill the gaps in those impressive collections.
However, as vinyl continues to skyrocket in popularity, so do the prices of the most expensive records sold on Discogs, according to a new report by the site.
For some time now, Discogs have published regular reports that outline the most expensive items sold over the last month.
While 2015 was notable for boasting the first time that a record cracked the $5,000 mark, this has become less of an impressive feat in recent times, with the last year alone featuring five records that sold for more than $10,000.
If you think that this is just a bit of an oddity, the data seems to infer that this is a trend that’s here to stay.
According to Discogs’ latest blog post, the average price of the most expensive record sold each quarter has jumped from under $2,000 in 2010, to more than $12,000 in 2018. On the other end of the scale, the cheapest item in the most expensive list has risen by $1,000 from $300 to $1,3000 in the same period.