What, you May Wonder, are the most Valuable Records?
If you’ve fantasized about a garage sale bargain turning into a fortune, you understand the appeal of collecting valuable records. As it turns out, the top record may surprise you — and it isn’t valued most as a music record. Keep reading to learn more. But some of the others in the top 10 represent fabulous finds. What, you may wonder, are the most valuable records? This single’s value is enhanced by the fact it was one of the last monaural recordings in stores when stereo began to take over.
Acting as the group’s agent, pop artist Andy Warhol had assembled the acetate to shop to record labels. During their brief stay, they recorded “God Save the Queen” as a promotional single to be released during the Queen’s Silver Jubilee that year. This seven-inch Motown single was never released to the public, but it sold to a Scottish collector for 15,000 pounds (now about $30,000) in 1999. That’s the most ever paid for a seven-inch single. Never released, mint-condition singles were given as farewell gifts to about a dozen top executives when A&M’s London office closed in 1998. The punk rock records now fetch $20,000 or more each. The Sex Pistols signed with A&M Records in 1977, but were fired a week later because of their outrageous behavior.
It contains a 30-minute radio program that includes nine Elvis gospel songs and promotes the Presley movie “Stay Away, Joe” and two gospel albums. But its owner, Warren Hill, sold the record for $25,200 in 2006. The LP is an early version of Velvet Underground’s debut album. A note on the inner sleeve asks that the album be returned to Col. Only one copy exists, found at a New York City stoop sale and bought with two other records for 75 cents.
Don’t expect the Top 10 list to stay the same. For lots more information about record collecting and related topics, check out the links on the next page. The number of avid record collectors is growing, and auction prices continue to rise. Rock, pop, country, jazz, classical and blues records all have topped the $15,000 mark. And as prices rise, newer albums and more diverse styles of music are becoming more valuable.
The record was on sale for only one day in limited areas — and everyone hated the cover. But it’s in Paul McCartney’s private collection, so don’t expect it to be sold. The sole result of the group’s first recording session remained in the hands of pianist John Duff Lowe until he sold it to McCartney in 1981. Two Quarrymen, Lowe and drummer Colin Hanton, left the group, but McCartney, George Harrison and John Lennon found fame as the Beatles. Capitol Records pulled the albums and glued on a more acceptable cover. Usually albums with the butcher cover sell for $150 to $7,500. With “That’ll Be the Day” on one side and “In Spite of All the Danger” on the other, this disk is worth an estimated $180,000 to $200,000.
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