Well if there’s lots of copies floating around and no demand then yes, should be cheap. But there’s a caliber of record that will never sell at a steep discount at an op shop. Records in high demand that for a million copies in existence, a million people want to own them and they hold their value. There’s also pressings that come into it; a pressing from the 1980s will always be more valuable than a modern pressing because of scarcity and older vinyls have that nostalgia factor.
I agree with you though that records are very overvalued.
how is a common record that sold by the million and is in average condition valuable?
Well if there’s lots of copies floating around and no demand then yes, should be cheap. But there’s a caliber of record that will never sell at a steep discount at an op shop. Records in high demand that for a million copies in existence, a million people want to own them and they hold their value. There’s also pressings that come into it; a pressing from the 1980s will always be more valuable than a modern pressing because of scarcity and older vinyls have that nostalgia factor.
I agree with you though that records are very overvalued.