From MSN Money this week…
CD sales may be in decline but the market for rare records is booming. We look at some new potential rarities and some hugely valuable releases from the past.
Image: Valentina Petrova – PA Photos
CD sales have fallen in recent years, with music fans opting instead to spend their cash on live events and digital downloads. But you might want to think twice before clearing out your record collection.
The market for rare and collectable records is booming. Scarce items by iconic acts like the Beatles and Jimi Hendrix are fetching five-figure sums at auction, while more modern names are also proving to be worthwhile investments.
And it's not just obscure items that are climbing in value. UK retailer 991.com – one of the world's biggest dealers in collectable records – saw sales increase 15% last year to £1.5 million, as increasing numbers of investors opted to plough their money into rock and pop.
This coming Saturday (16 April) is Record Store Day, where independent record shops across the world will sell a host of limited edition singles and albums by artists including Radiohead, Queen, Bruce Springsteen, the Rolling Stones, Nirvana, the White Stripes and Arctic Monkeys. Most of them will be vinyl releases and could well be valuable in the future.
We look at a few of the Record Store Day releases that could be future collectables and some really valuable records from the past that you might already own.
NOTE: We haven't included promotional/DJ releases or test pressings, only releases that were commercially available to the general public. Please note that the value of investments, including rare records, can go down as well as up.