As a result of the falling pound following our exit vote, vinyl prices are expected to rise.
US product has already increased by 16% and European prices are set to increase by a similar amount. Already one supplier who presses in Europe has increased its prices and with predictions from the US and Europe suggesting the Pound will fall by another 15% over the next 6 months then a price hike of 30% looks likely. This will effectively increase a £12.99 album to £16.99 etc….
On the upside, your current collection will be increased in value accordingly. Remember to insure your collection as vinyl is very attractive to a thief.
If you have had your collection stolen you might like to use our valuation service. Our valuation is backed up with over 35 years of experience and is accepted by insurance companies making the claims process run a lot smoother.
Thank you for your time and I hope you find this update of interest.
08 July 2016