Discogs Is Crushing It and Here's Proof
Published Nov 16, 2015The vinyl boom carries on unabated, and one website in particular has been reaping the benefits: Discogs. The site is currently celebrating its 15th anniversary, and help pull back the curtain a bit, it has shared a bevy of stats that point to its ongoing success.
Doubling as a comprehensive music database, Discogs has been involved in $43.5 million US worth in transactions through its marketplace so far this year, Billboard reports. But to help break things down further, Discogs has launched a mini-site filled with piles of rarely seen data.
To throw some more numbers at you, 2,761,219 million vinyl records have been sold this year, plus 627,674 CDs and 48,502 cassettes. Displayed all in US dollars, the average vinyl record sold for $14.34 in 2015, while CDs went for $11.48 and tapes average $11.98. The most expensive item to sell on Discogs so far this year was Judge's Chung King Can Suck It, which sold this year for $5,811.48. Also, a total of 2.96 million users have participated in Discogs over the years.
This year's most popular title on the marketplace, rather curiously, has been Fleetwood Mac's Rumours. Also somewhat surprisingly, CDs have been performing well on Discogs, with a yearly growth of 43 percent (the opposite trend of the industry at large). Comparatively, vinyl sales were up by 36 percent, Billboard reports.
As for the database of titles, it currently catalogues 6,464,362 releases. That's getting bigger all the time, of course. The site originally only catalogued electronic music, but it now includes all genres. It recently got its own official app, and it plans to expand with the spinoff sites Vinylhub (which is similar to Discogs but focusing on record stores) and Gearogs (focusing on turntables).
A statement says this about the website's plans for the future:
To celebrate its decade and a half rise to prominence, Discogs is introducing several new features and angles to discover and trade physical music online, beginning with data transparency on which albums are bought and sold through the platform and how many. Going forward, Discogs will act much like similar ratings and charts, but with more transparency, and with less flaws. The company will update the public on not just trends, but also snack-able bits of information like which item was the most expensive sold for the year. Furthermore, Discogs users will be able to share their own cherrypicked history of buying and selling with the click of a button, to personalize the experience of sharing information.
For more insight into Discogs' success, go here to check out a series of interactive stats and graphs.