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Rare record investing idea


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Currently on Discogs "Do You Love Me" by Senator Jones is selling for about $6K U.S. Although I suppose I could afford that, I'd rather stay married. The record has been on Discogs for more than a week, so I suspect others feel similarly.

I had this idea: If, say, six of us split the cost as an investment, this would be much more affordable. We could sell audio copies of the records as NFTs (see: https://en.wikipedia.org/wiki/Non-fungible_token) to DJs, who could also claim to own a copy of the record. And if at some point we all decide to sell the record (hopefully for a profit), we can.

We'll keep the record at my house.

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1/ You don't own the publishing rights or copyrights.

2/ There's more than one copy of the 45 (NFTs typically work best when the item is unique). 

3/ Audio files of the track can be easily had - YouTube and Spotify, for example, and files can be easily copied/shared - thus making the money-making part of the scheme a non-starter.

Next... :wink:

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