August 13, 2018: Six vinyl records have been purchased by collectors for more than $100,000 each. Four of the six are by the Beatles, and one is by Elvis Presley. But the most expensive vinyl yet sold — for $2 million — was from rap collective Wu-Tang Clan.
Vinyl records were a staple of the 1950s and 1960s music scene. However, they seemed to disappear completely in the face of emerging technologies. Fewer than a million copies were sold in 2005. That number has grown to more than 14 million today. And there is a growing number of collectors who prefer the music quality of vinyl over streamed and compressed sound from digital sources.
Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.
Scott Rasmussen is founder and president of the Rasmussen Media Group. He is the author of "Mad as Hell: How the Tea Party Movement Is Fundamentally Remaking Our Two-Party System," "In Search of Self-Governance," and "The People’s Money: How Voters Will Balance the Budget and Eliminate the Federal Debt." Read more reports from Scott Rasmussen — Click Here Now.
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