Vinyl records have made a solid comeback in the last decade, particularly among the youth of today. In 2019, a total of 1.243 million vinyl records were sold for a total of $224 million. These figures ended the gramophone record’s 33-year catchup against digital discs.
Here are a few reasons why:
The analogue sound it produces, which some prefer to its digital cousin, is the most compelling feature for purchasers. The music and voice are much warmer on vinyl, giving it a higher quality feel.
The general sound quality of the digital format utilized in Spotify, iTunes, or MP3s is decreased by lossy or compressed files to accommodate the storage of your phone or of the streaming service.
You’ll be surprised to learn that millennials are the primary buyers of long-playing albums. More than 70% of the marketplace is made up of people under the age of 35 who purchase records.
A vinyl record costs approximately three times as much as a CD, but its value increases based on the artist and its condition.
Repressed recordings from Queen, The Beatles, and Elvis Presley, for example, sell for significantly more money. Investing in your vinyl album library is a smart move because you can resell it or pass it along to your offspring.
When are you getting your own vinyl piece?