Vintage records are shooting up the investment charts – if you know which ones to buy.
Via The Telegraph
Vinyl can provide record returns for investors willing to take a musical spin with their money. The Holy Grail is That’ll be the Day, a seven-inch single recorded exactly 50 years ago by the Quarrymen – the group that later became the Beatles. On paper it is worth £100,000, but experts believe it might fetch more than double this at auction, if the only known disc could be wrestled from its owner, Sir Paul McCartney. “The Beatles are the giants for collectors as they hold universal appeal, but there are still plenty more which can prove to be great investments,” says Stephen Maycock, a rock and roll memorabilia consultant for Bonhams, the auction house.
Other British blue-chip bands that command thousands of pounds for rare and earliest pressings include the Rolling Stones, Pink Floyd, The Who and The Smiths. David Bowie and Marc Bolan also have a huge fan base. Across the water, Elvis is among the most sought-after rock and roll innovators. As a 19-year-old truck driver he walked into Sun studio and sang That’s All Right in 1954. The single shook up rock and roll forever and an early pressing with a £3,500 book price can now hit five figures at auction.
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