It was 10 years ago in 2007 that vinyl had its darkest day. There was just 200,000 records sold – it looked dead and buried.
Since then a lot has been made about its renaissance, especially last year when there was a 25-year record high of 3.2 million sales.
Record shops have been popping up left, right and centre, and there is no doubt there is a new audience for vinyl, with a new generation of music fans clambering to the trendy corners of town to grab new releases.
But vinyl remains very much a nice market.
I have been collecting records for many years now, and had got used to being able to pick up gems in the few independent shops that existed, or charity shops and car boots.
I’d pick up a second hand LP or EP for a couple of quid, paying well under the market value of today.
But now any collector is faced with an average £20 bill for an new LP, and not much less for a second hand record, depending on rarity and condition.
It has suddenly become and expensive hobby – and for those who casually buy music, can anyone really afford to buy one or two brand new records a month?
Now, I’m not criticising retailers or artists for this price hike, it’s the nature of supply and demand, but is it really sustainable long term?
I doubt it.
The market has a long way to go before it is considered first or even second choice format for music fans, and frankly it is pricing itself out of the market.
While I like that more people are buying records and appreciating the art that comes with it, it’s important for us to remember that we are still in a minority.
I’m optimistic that vinyl will stay the course and not go back to those dark days of 2007, but whether it becomes any more popular beyond us collectors remains very much to be seen.
A big thank you
I would just like to add a quick thank you for your support and patience throughout our first week.
The response we have had has been much bigger than I could have imagined.
Stay tuned for more exciting updates in the pipeline and don’t forget if you would like to get involved then just drop us a line.