Sunday, October 09, 2005

Notting Hill Vinyl Exchange Economic Index

I ventured across town to Notting Hill and caught up with my friend Jonny Roberts pictured. I also used the time to dip into the famous Soul & Dance Exchange close to Notting Hill Gate tube station. The signs of an economic downturn were there for all to see. The shelves were well stocked with previously hard-to-find vinyl AND there had been extensive discounting.

In order to encourage a healthy stock turnover and find the market price of a record, the shop discounts pieces on a regular basis. The longer a record has been there the more prices are indicated on the label. The stock does not reflect record production but the need collectors have for immediate cash rather than selling on eBay or Amazon Marketplace. So demand and supply are out of kilter due to adverse economic conditions.