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Vinyl records: Obsolete in the 1980s, a music lover's delight today

The market for vinyl collapsed with the advent of CDs in 1982. But LPs, as they were fondly called, have made a comeback in the past ten years, with certain editions costing quite a packet

Mirae Asset Global Investments CEO Swarup Mohanty
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Swarup Mohanty, CEO, Mirae Asset Global Investments (India) Pvt Ltd, is a third-generation vinyl record collector who generally picks up a new record whenever he travels

Namrata Kohli New Delhi
Recently a rare seven-inch vinyl copy of The Beatles ‘Love Me Do’ was sold for a staggering $10,502 or Rs 7.5 lakh online. While the deal was certainly on the higher side, it wasn't a one-off. In fact, many who spent their formative years soaking in on Santana or flipping on Jimi Hendrix's Fender Strat, are going back to the ubiquitous record player and LPs -- that's long-play, for the uninitiated -- in a clear sign that Vinyl is making a comeback. And how.

In 1982, when CDs were invented, everyone predicted doomsday for vinyl and thought the era of