Some LPs or vinyl that are much sought after by collectors are from the White Shoes Group ATCC, d'Masiv, SID, The Sigit, Mocca etc. For the 70s, there were Guruh Gipsy, Harry Roesli, AKA and also Dara Puspita.
There is quite a lot of Dara Puspita's LPs for sale on e-commerce such as Tokopedia, Bukalapak, Shopee or through social media such as Facebook, Twitter, IG, etc. From the data that has been collected, Dara Puspita's LP is offered at prices ranging from IDR 600.000 to IDR 2.5 million per piece. The average price is around IDR 1 million. There is also a piece which sale around IDR 400.000, but its plain without a cover. Whereas cover is an important attribute of a LPs.
For international markets through the Discogg platform, Dara Puspita LPs is sale starting at a price of 51 to 138 USD. With an exchange rate of IDR 15.000, that price is close to the domestic market price.
The same survey can be done for other groups or singers. In addition to the LP format, there are also cassette and CD formats. From there you can estimate the market value of each of those. The price based on various parameters from the seller.
The same approach is not impossible to apply to assess the collections of music museum. If the number of collections is 45,000 pieces with an estimated average price of IDR 100.000 for each, then the asset value of the museum collection supposed to be IDR 4.5 billion.
The problem is, the value of a collection can not necessarily averaged. There are LPs with a market value of IDR 2 million, but there are also cassettes with a value of only IDR 1,000. This is the estimated value for a recordings which lacks of information. Those are recordings where the artist is unknown, and the origin is unclear, the songs are not accompanied by the author's name, there is no information on the year of release, no information regarding the label, there is no production serial number and so on. For museums, these attributes are very important to make a story telling of a collection so it has value.
It takes a special skill to be able to assess the product of art, especially the art of music.. (HHW)
