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shadrach wrote:I had a conversation on this topic with a guy some time ago.
He claimed that for ALL collector's objects prices are bound to drop eventually. This would be due to the fact that those objest generally attract the attention of a specific generation of buyers, but as soon as the interest of this generation fades (or when that generation simply dies) , the prices of the objects will automatically drop. Maybe this tendency can already be seen in the shift of high prices from roots to digi objects, as Ringo already notified.
finbar wrote:Even if prices stay "the same", you have to factor inflation: when you look at what record prices were in the 60's and 70's, they seem very cheap, but when you factor what working wages were at the time, they weren't. So a record worth $100 today may be worth, for example, $200 in 20 years, but what will $200 actually be able to buy you in 20 years?
The internet created a ground-swell of interest by spreading the music, but more importantly, it created a large market-place that aggregates those with both the means and interest to buy old records. This is great if you live in a country that doesn't sell a lot of records locally, but frustrating if you do, because many of the record shows and stores today just sell what they can't peddle on e-bay.
Personally I think that some records will become much more expensive over time, but the majority of them will depreciate. Vinyl is trendy now, but the next generation will be pretty much all "digital" (Yes, I know that vinyl sounds better, but people time and time again seem to opt for convenience over quality).
I appreciate entities like DKR, who release hard-to-find records at reasonable prices. I know some "collectors" don't like this, but if you buy music for it's perceived future value, you have to accept the risk that comes with speculation. But if you buy music solely because you enjoy the tunes you are buying, you can never go wrong.
jah_vaults wrote:I doubt if a seven inch record which now costs 6.00 or 7.00 or even more will even sell in the future for the same price it was bought
Vinnie wrote:i think all depends on the demand (im only talking about new tunes and not the second hand market)
i think when 10.000 records are sold of one tune price per record will drop but if, like nowadays only 300 to 500 copies are pressed of a certain tune, price will rise.
also vinyl is an oilbased product. productionprices tend to rise too.
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