MAKE SURE to dust off that old box of vinyl while doing your spring cleaning as you might be sitting on a small fortune.
Like any collectables, the value of vinyl records can vary hugely from as little as £1 up to thousands of pounds.
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The vinyl revival is well underway, so it’s the perfect time to see if there’s money to be made from your old collection of LPs.
But spinning a decent profit from your records can take a little more effort.
Exactly which records will make the most money have been revealed in research has been carried out by UK Debt Expert.
Using eBay, they’ve found the top 20 most valuable popular and vintage records over the last six months.
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The Velvet Underground’s The Velvet Underground & Nico took the top spot, recently selling for over £7,500.
As the new biopic on her life is released in cinemas, Amy Winehouse’s Remixes almost made it to the list.
The limited edition vinyl was released just three years ago for Record Store Day in 2021, and recently sold for over £5,100.
Besides Amy Winehouse’s record, only two other records from the 21st century made the top 20 – both from Taylor Swift.
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Her 2020 album Folklore recently fetched £1,929 and one unopened Reputation vinyl from 2017 recently went for £1,750.
Others valuable records included David Bowie’s first ever record, Lisa Jane – released under his previous name, Davie Jones and the King Bees, which went for £5,699.
Your old & damaged vinyl is worth £2,000 if it has VERY specific detail on sleeve
There are many factors to think about, including when the record was made, how many were released, the condition and how many people might want to buy it.
How to spot a valuable vinyl
There are many factors to think about, including when the record was made, how many were released, the condition and how many people might want to buy it.
Once you’re ready to sell, you may find it pays to get some expert help.
If you’re sitting on a huge collection of records by obscure bands, then you could be quids in.
The more obscure the band or the genre, then the more valuable the record is likely to be.
Northern Soul records, as well as folk and prog rock albums are key genres to keep an eye out for, Martin Hughes a vinyl records specialist at Wessex Auction Rooms previously told The Sun.
Some vinyl, such as mass-produced records from Sixties crooners, for example, may be heading straight for the charity shop.
While records by big nineties Britpop bands like Oasis, Blur and Pulp can sell for a few hundred pounds, depending on their condition.
Albums can be popular with enthusiasts for a number of reasons – some may just be fans of the band, while others may like the artwork.
But singles are mainly popular with people looking to complete their collection, making the market for them smaller.
If you think you’re sitting on a valuable record, don’t be put off if it’s not in the best condition.
While mint condition items fetch higher prices, you won’t necessarily miss out on a sale if it’s a bit battered.
If you have a first edition of a band or artists’ first album then you could be be onto a winner.
A unique edition of Led Zeppelin’s self titled first album, for example, could be worth more than £1,000.
How do I sell a valuable record?
The marketplace can be a bit of a minefield if you don’t have specialist knowledge, though.
If you do want to call in an expert, there are different routes to go down.
An auction house takes a cut after the item goes under the hammer, so he wants to achieve the best possible price for the items.
If you’re happy to go it alone, a huge number of records are sold on eBay for large sums.
It’s important to remember that your game is only worth as much as someone is willing to pay.
If you know you have something valuable, you can also maximise your profit through a specialist auction.
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Meanwhile, here are the most valuable toys worth up to £20k including Thundercats and Scalextric.
Plus, all the highest value and rare posters worth up to £3,500 including Elvis Presley and The Jam.
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