I recently purchased a second-hand copy of Physical Graffiti, Led Zeppelin’s tour de force from 1975.
These sell for anything from £1.50 – £8.00 or so on eBay. Mine was the old unremastered release which usually sells at the upper end of the range, as there are fewer of them circulating and some people prefer the sound.
I was interested to find the original sales receipt inside. The double CD was purchased from HMV in Portsmouth in 1993. The price: £22.99.
Prices have risen by about 40% in that time. So £22.99 in 1993 equates to about £32.00 today.
Amazon UK has this CD (remastered) new for £7.97 – 25% of the 1993 price at HMV.
OK, so bricks and mortar shops are more expensive than online, and CDs are often reissued at budget price. So try a new double CD: Bruce Springsteen’s Live in Dublin is £11.98 at Amazon UK, or complete with a DVD at £17.99, still way below the 1993 price.
It is not just the decline in CD sales that is hurting the music industry, but the fact that they are selling for much less money.