The good old record celebrates a sensational comeback. LPs are not only a high-quality collector’s product, but also a smart investment opportunity. Vinyl rarities sell for astronomical sums. The “Krone” reveals the best tips and tricks to get rich with the “black gold”.
The vinyl boom continues. Turnover from the black disc rose in Austria last year by 4.3 percent to 10.6 million euros, confirms the new ‘Musikmarkt’ report from the Austrian music industry association. Last year, more than 400,000 vinyl discs were sold in Germany. Vinyl has evolved from a ‘niche product to a reliable market segment’.
In addition to new editions of well-known bands, most new releases are also available on vinyl. Numerous releases that were only available on CD for a long time are now pressed on vinyl. The labels bring back classics, lost treasures and forgotten gems in analogue format.
However, vinyl is not only a trending product for music connoisseurs, but also experiences increases in value that traditional stockholders can often only dream of. Records are not only perfect for playing, but also for making money. Outrageous prices are paid for rare and well-preserved LPs.
The “Krone” reveals the main tips that will help you become a vinyl millionaire:
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
