
Over on
New Music Strategies, Andrew asked the simple question "
Has music been devalued?"
I immediately jumped in and argued that of course it had, you can see it by the fact that today it's a struggle to get someone to even listen to your music, let alone to actually buy it. Naturally I was referring to recorded music, not performances.
Then a whole bunch of people jumped in saying how 'oh no, music is just as valuable today as it was before', 'maybe even more valuable' some said because there is less good music around. Quite frankly i don't know what planet these people live on, certainly not on 'trying to sell music' world.
One guy called Rasmus from
Efterklang even suggested that vinyl had in fact gotten more valuable since it was more rare. Well i hate to pop their dreamy bubble (not really :) but I just had to lay down the law, which is that vinyl and all other recorded music is fast becoming totally worthless. As my prime example i used the case of Paul Mawhinney, made famous by
Sean Dunne's
beautiful movie (i nearly cried :(, who owns the worlds largest vinyl archive that he has painstakingly collected over decades. Despite most of his collection being so rare that it was never even digitized to CD or MP3, and that its historical value was $50 million, today he can not sell it even for a paltry $3 million. If he doesn't find a buyer, he'll have to just give it away.
So what are we talking about here ? It's as clear as day - if nobody is willing to pay for something, to me that means it has lost in value i.e. music has be greatly devalued.
I guess if they are all talking about sentimental value - maybe that's something else...