“LP Vault” gains in popularity
Music lovers discover favorite records and collectibles
Music lovers who think that their favorite vinyl LPs are no longer available to purchase may not be aware of the “LP Vault” containing thousands of reasonably-priced popular and hard-to-find record albums at All That Music & Video.
All That Music & Video has over the years continued to buy and sell used LPs, although it has been about two decades since CDs became the predominant format for music sales. Downloading of music on the internet has further eroded the market for LPs and has also significantly affected CD sales. However, because recently there has been renewed interest among some consumers in acquiring copies of popular or rare record albums on LP, All That Music & Video has been upgrading it’s merchandising of LPs by reorganizing the collection and adding new signage to entice buyers.
“Although most customers prefer to buy CDs of albums that first appeared on LP, there are numerous consumers, including many young people, who want the LP format. For some music buyers, it’s cool to have an original LP of a classic like The Beatles’ White Album, rather than the CD release. They like the packaging, artwork and liner notes of the LP version, as well listening to the music on a turntable. Some music fans insist that LPs sound warmer and that the overall quality of music on LPs is superior to CDs,” says George Reynoso, owner of All That Music & Video. “Sometimes I’m surprised at the number of people who have turntables at home and are interested in buying LPs.”
All That Music & Video customers are given access to an “LP Public Computer” in the store that allows them to peruse a file containing an alphabetical list of the many artists whose music may be found in the LP Vault. The file includes the titles and labels of about 7000 available LPs, as well as information about their condition. Like coins, stamps and other collectibles, the value of LPs is determined by the rarity of the album and whether it has been subjected to wear and tear. LPs that were played frequently often have some scratches or other imperfections that affect their value. Logically, LPs in pristine condition are worth more, as long as they are desired by customers.
According to Reynoso, who often buys entire record collections, if a record is very common and not in high demand, it will not be worth much, even if it is in good condition. On the other hand, well-preserved LPs that are sought after by collectors may be worth significantly more than their original value. Most items in the LP Vault range in price from about $6.99 to $9.99. The rarest albums, those in high demand, and box sets with multiple LPs, are priced higher. All That Music & Video also has several bins of LPs located right outside the LP Vault with hundreds of items priced at just $2.50 each or 5 for $20. These bins contain some very popular and desirable albums in “good to fair” condition that are priced much lower than the collectibles in the LP Vault.
Music lovers who think that their favorite vinyl LPs are no longer available to purchase may not be aware of the “LP Vault” containing thousands of reasonably-priced popular and hard-to-find record albums at All That Music & Video.
All That Music & Video has over the years continued to buy and sell used LPs, although it has been about two decades since CDs became the predominant format for music sales. Downloading of music on the internet has further eroded the market for LPs and has also significantly affected CD sales. However, because recently there has been renewed interest among some consumers in acquiring copies of popular or rare record albums on LP, All That Music & Video has been upgrading it’s merchandising of LPs by reorganizing the collection and adding new signage to entice buyers.
“Although most customers prefer to buy CDs of albums that first appeared on LP, there are numerous consumers, including many young people, who want the LP format. For some music buyers, it’s cool to have an original LP of a classic like The Beatles’ White Album, rather than the CD release. They like the packaging, artwork and liner notes of the LP version, as well listening to the music on a turntable. Some music fans insist that LPs sound warmer and that the overall quality of music on LPs is superior to CDs,” says George Reynoso, owner of All That Music & Video. “Sometimes I’m surprised at the number of people who have turntables at home and are interested in buying LPs.”
All That Music & Video customers are given access to an “LP Public Computer” in the store that allows them to peruse a file containing an alphabetical list of the many artists whose music may be found in the LP Vault. The file includes the titles and labels of about 7000 available LPs, as well as information about their condition. Like coins, stamps and other collectibles, the value of LPs is determined by the rarity of the album and whether it has been subjected to wear and tear. LPs that were played frequently often have some scratches or other imperfections that affect their value. Logically, LPs in pristine condition are worth more, as long as they are desired by customers.
According to Reynoso, who often buys entire record collections, if a record is very common and not in high demand, it will not be worth much, even if it is in good condition. On the other hand, well-preserved LPs that are sought after by collectors may be worth significantly more than their original value. Most items in the LP Vault range in price from about $6.99 to $9.99. The rarest albums, those in high demand, and box sets with multiple LPs, are priced higher. All That Music & Video also has several bins of LPs located right outside the LP Vault with hundreds of items priced at just $2.50 each or 5 for $20. These bins contain some very popular and desirable albums in “good to fair” condition that are priced much lower than the collectibles in the LP Vault.
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3:38 PM
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