The growing trend of the Vinyl Record marketplace

JenTel Packing, as one of the leading shippers of antiques, fine art and collectables, sees pretty much everything and anything come through our facilities. Some rare collectables to the very unusual are all on the agenda, and we are continually surprised by what people collect on a day to day basis. With the sheer amount of items we collect from auctions and ship to buyers, we are also very much aware of the trends in the marketplace. We pick up on what is popular or desirable and consciously noted how those trends evolve continually over the years we have been shipping these items.

The one area which has certainly seen a rise in interest is the good ole Vinyl Record. Not difficult to comprehend or notice because of the equally prevalent rise in the market for turntables. You may be surprised to learn that in 2013 when the trend for collecting vinyl records first started to become obvious to many of us, the sales of turntables in the USA alone amounted to over $200M, with an anticipated level of sales predicted to be over $600M in 2022. That is a lot of turntables!

Undoubtedly, since the days when vinyl was the standard material, there has been a very strong and large core of global collectors, with £millions of vinyl traded right around the world. When the trend started to kick in, we then experienced a wave of interest from those that had become accustomed to CDs and downloads, exploring the archives of antique and record shops for those rare recordings, and some of younger years purchasing their first turntable. I am sure many of you reading this will have also delved into your own archives, namely the attic to see if you had kept some of your old vinyl. The trend has been growing steadily over the last decade and we now see a vibrant market for vinyl. Indeed, research carried out earlier this year suggested that over 50% of households now own at least one turntable. That is pretty phenomenal growth in a what was a seemingly flat market just ten years ago, and really goes to show just how popular the vinyl collectables market has become.

So, what are the popular music genres?

Just like the diversity of the taste in music across the populous, what is now collectable is incredibly diverse. From the hardcore search for early vinyl through to the picture discs from the 1980s, the market is vibrant and interesting. The most popular of the music genres to collect on vinyl is Rock, closely followed by Pop music, a strong interest in R&B, Rap/Hip-Hop, Stage & Screen, Jazz and Country. Some interesting trends we have noticed and voiced in the press as the trending collectables are Heavy Metal from the 70s and 80s, Comedy Records, Movie Soundtracks and Jazz. These genres are seeing a resurgence in interest across the vinyl record marketplace.

Have you got something rare in your attic?

If you are the kind of person who is looking to explore the rare and valuable vinyl market, you may be surprised to learn the values of these commodities. The one copy of Wu-Tang Clan: Once Upon a Time in Shaolin sold for an impressive $2M. A copy of the White Album by the Beatles, indeed the very first copy of this iconic double album sold at Julien’s auction in the US for $790,000 in 2015. Staying with the fab four, a signed copy of Sgt. Pepper’s Lonely Hearts Club Band, which carried all four of the bands signatures, sold for $290,000.

Undoubtedly, the vinyl record market is now here to stay, with turntable technology being further developed and more and more homes now enjoying the unique sound that comes from a needle on vinyl. In our humble opinion, it is a trend we like very much indeed!