In 1973, an original American pressed record could be sold for as low as $2, but today the price has jumped more than 10 times.
Eric Keogh, an employee at Heritage Posters and Music Inc. and son of the store’s owner, said despite the higher prices for vinyl records, popularity has grown the last 10 years.
“Vinyl now is like what CDs were in the ’90s,” Keogh said.
With the Canadian dollar’s recent decline, record sales have dropped and, as a result, revenue has dropped seven per cent. Still, there is a demand, although the demographic for vinyl record sales nowadays has shifted to a more youthful clientele, Keogh said.
“We noticed that younger kids will either come in and build on their parents old collection or sell what they have to us,” he said.
Not only does Heritage Posters sell vinyls, the store also buys used records.
When selling vinyl records, there is one major factor to determine whether they will be accepted or not – the record must be in good condition. Other factors include where the record is pressed. If a big name record is pressed in Japan or Europe, it could be worth four times more than if it were pressed in North America.
Heritage Posters has over 7,000 vinyls, so when buying records they usually look at the bigger name albums and the rare copies.
“Music is like a secondary food for people,” Keogh said. “We get people coming in every second day selling records to us.”
Music is like a secondary food for people. – Eric Keogh
Vinyl was a revolutionary turn in the music industry because of the quality of its sound. With CDs, it is more difficult to distinguish the bass line or treble. On vinyl, the different parts are balanced and can be more clearly heard.