A look at the OPM vinyl market in the Philippines today

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The recent re-release of the Eraserheads’ “Ultraelectromagneticpop” on vinyl is sold out. No surprise there. Except that it commands a huge price in the resale market.

What that means in the old Juan dela Cruz Band records sell anywhere from P8,000 to 30,000 per title. At one time on Ebay, all the records were on sale for almost a half million pesos!

Since the return to prominence and popularity of vinyl, we have seen Original Pilipino Music releases from the 1960-1980s shoot up in price. Those old records of the Dawn, Apo Hiking Society, Identity Crisis, Gapo Volumes 1 and 2, Anakbayan, Mike Hanopol, Sampaguita, Wally Gonzales, Jose Mari Chan, Gary Valenciano, and others have really gone up in value.

The re-press versions of Apo Hiking Society or even the Boyfriends’ greatest hits retail for P1,500. Yet, some folks resell them for several hundred pesos or even up to a thousand pesos plus more. There is an average of 10 releases on vinyl every year by indie artists. They come out in an assortment of 7-inch singles or extended plays singles or 12-inch Eps or full length albums. They sell anywhere from P350 to as much as P1,500 for the 12-inch full length. Pricing is definitely key.

 

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and still its PH pressed so....nah

eraserheads

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