So how can you enhance your record console with a suitable vinyl collection to match?

1 – Buy in person and rarely online

Only buy from reputable vinyl sellers and experts, in face-to-face transactions or authentic auctions. These people are knowledgeable and can give you the backstory or the reason why an LP is worth what it’s worth. Never buy from online sellers, where neither the real identity of the seller nor the condition of the record can be verified. We do recommend sites like discogs.com and popsike.com as a good places to evaluate an album’s worth before investing.

2 – Look for old, rare, and mint

Records of artists or bands that are $6 or $15, but they old, rare, and mint, are very good investments. The artists don’t even have to be popular, as long as the pressing is rare. However, it is no surprise that the most popular artists have the highest values, like The Beatles or The Police. Sometimes they don’t even have to be old, but as long as they are at least hard to find and are graded as being in mint condition, the value of that record will increase over the years. Even records graded as excellent in condition can be a good pick. You wouldn’t want to play this on your record console, but it would add a fine touch to your vinyl collection. And even if you do decide to play it several times, the condition will still be very good, and you can still get decent value out of the record should you choose to sell it later.

3 – Don’t forget the 1990s and early 2000s

In the 1990s, CDs where the dominant audio format. The majority of artists from that decade released albums on CDs. But sometimes artists from a wide variety of genres, still released vinyl versions of their CD albums. As people become nostalgic for the music of the 90s, the few LPs that were pressed during that decade will increase in value. LPs from the early 2000s should not be ignored for the same reason.

4 – Watch out for movies about artists

As soon as you learn about a film in the making about a specific artist from the past, that is a good time to buy that record when it is low. Once the movie is released, and the buzz grows, the demand for the LP will increase. When Straight Outta Compton was released in 2015, the LP of the same name could sell for $40. A year later, the same LP was selling for $200, because the demand was higher after the buzz of the movie.

5 – It’s morbid, but death pays

A lost life is always sad, but investing in the work of artists who passed away can be a blessing to their estate, and to you. Your investment is not so much profiting off of someone’s death (even though it kind of is), but the demand for their early music is great for the value of their estate. This is helpful to their relatives who are left behind, as well as your investment to your vinyl collection.

Want a place to store your valuable vinyl collection? Our Spektor Vinyl Storage Unit is what you’re looking for.

The post Enhance Your Record Console with These 5 Vinyl Collection Tips | LUNO appeared first on Luno.

A recent survey from YouGov asked 33,955 Americans about their willingness to pay for vinyl records, and a large, but niche percentage of American adults say that they are. For LUNO, this is very good news, because it means that more and more people are becoming like us, and like you – lovers of vinyl music and all the accessories that come with it.

How did these numbers breakdown?

31% – The percentage of American adults who said in the survey that they are willing to buy vinyl records. Now within this percentage are smaller niches of age ranges of Americans who are favorable to vinyl.

36% – The percentage of Baby Boomers who said that they would pay for vinyl. The love for vinyl is by far strongest among Baby Boomers. The top three vinyl records for Boomers are:

1)  Sgt. Pepper’s Lonely Hearts Club Band – The Beatles

2) Bridge Over Troubled Water – Simon and Garfunkel

3) Hotel California – Eagles

33% – Gen Xers

28% – millennials

26% – Gen Zers

For the last two groups who frequently use streaming services, owning vinyl becomes an extension of their fandom. Unlike with streaming, young Americans don’t discover music with vinyl, which is more of a luxury item. Contemporary albums sometimes come packed with photos of the artists, stickers, and stationery, all in an effort to offer a physical fan experience to complement the digital experience. Vinyl gives them a different way to listen to their favorite artist with the added benefit of something to hold onto.

Sure, vinyl records are popular,

but how many people are using a quality record player?

Order a HiFi record console today at iamluno.com.

The post One-Third of U.S. Adults Are Willing to Pay for Vinyl Records | LUNO appeared first on Luno.