With the vinyl industry experiencing a surge in sales this year, more and more music lovers are turning to the choice vintage material to experience their music. Hence the success of Record Store Day - and why the world will be going crazy for Black Friday.
Vinyl prices are highly susceptible to influences ranging from rare pressings to celebrity owners - just like commodities and assets, record prices can fluctuate uncontrollably. The average record released on vinyl is usually priced significantly higher than its CD or MP3 counterpart in any case, but prices for the thin black plastic can soar beyond five figures. Artists who have earned iconic status in the music industry have subsequently received inelastic demand for their rare gems.
According to Pitchfork, the first three months of 2015 saw a 53% increase in vinyl sales from the first three months of 2014. Since 2006, vinyl sales have increased from 1 million to 6 million - the demand for vinyl is constantly on the rise.
With that in mind, here are the most expensive records on the planet.