A rare Sex Pistols single has been named as the most valuable record of all time, in a list drawn up for investors interested in putting their money in vinyl. Vinyl is expected to be the next area of collectables to be targeted by savers looking at "alternative investments" such as wine, stamps or art, some auctioneers believe, because Chinese and Russian investors have started to buy into the market. Record Collector magazine has drawn up a list of 50 singles or albums which aspiring investor should hunt down, with an especially rare Sex Pistols single topping the chart of "vinyl inflation".
The original single for God Save the Queen, the irreverent and angrily sung tribute to the monarchy during Silver Jubilee Year, was published by A&M Records, but soon after the company dropped the band and destroyed most of the copies, making any existing versions worth £8,000 today. The band was soon picked up by a young Richard Branson and his Virgin label, which re-released the single.
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The second-most valuable record is a first pressing of The Beatles' first album, Please Please Me, worth £3,500 if found in mint condition. Ian McCann, editor of Record Collector magazine, which drew up the list, said: "There is something of an investment market in mint-condition copies of iconic albums.
"The problem is people love them and play them to death, making it increasingly rare to find them in mint condition." He said canny collectors bought two copies of any new record, keeping one in its packaging untouched, and one to play. The Russian and Chinese market has started to invest in vinyl, pushing up the prices for rare records, the magazine said.
The top 50 most collectable records.
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