The value of vinyl records is very subjective and certainly up for debate. There are many elements that go into ascertaining just how much a specific record or a whole collection may be worth. Do you use fair market value, replacement value or record price guide value? As I found out, it all depends on the circumstances, and the best way to achieve these objectives is to have your collection professionally appraised. I had the opportunity to speak with professional appraiser and music historian Stephen M. H. Braitman about the elements that go into putting a value on a record collection.
But, first, let me introduce Stephen. He has been involved with records and music since the late 60’s, writing and editing several entertainment and music publications. He also has been a dealer, buying and selling records, posters and related memorabilia throughout the years. His widely acknowledged expertise in the marketplace for music and memorabilia makes his appraisal services very important for estate planning, charitable contributions, expert testimony and for insurance and coverage claims. His many credentials include: passing the American Society of Appraisers (ASA)...