If I remember correctly the Linn LP12 cost around £250 in the 1970s and now costs £2500 an increase of 1000%. When most other hifi is now as cheap as chips - equivalently the Marantz 603 would have cost a fiver in the 1970s - why?
I think I might get don for libel answering this one . . . or the heavy squad may be knocking at the door . . .
Rega P5/PB700 (upgraded main bearing, white drive belt), Sumiko Celebration Pearwood Signature cartridge, Carver MCt, Croft Integrated Valve hybrid amp, PMC LB1's on Foundation Designer Stands, Rega Apollo CDp. Cables: speaker, Linn K20, Interconnect, Foundation Audio Special.
I just used an inflation calculator that reckons £250 back in 1970, is arund £3000 now, so the LP12 is a bit of a bargain really.
Mac mini > AVI ADM9Ts
either 41 years of r&d or 41 years of ching ching. either way its still hand built in the uk and second hand values still hold. why not ask a premium price if its stood the test of time, (with clever marketing), and is still cherished.
cyrus cd6s, dab 8, pre xp & psxr, 2*8 powers, chordette gem and dynaudio 52se.
Linn are not alone: have you seen the price of a Thorens TD160 (not £2500 fair enough, but it was always cheaper than an LP12)
Basically the price of quality engineering has rocketted and the price of electronics has plummeted. That's why the manufacturers like you to buy electronic gear: it costs them buttons to make once they're recouped the cost of their R&D.
When the LP12 was £250, the equivalent of a Marantz 603, had it been possible to build it, would have cost thousands.
Main gear: Mac Mini > HRT Streamer II+ > Marantz PM66 KI > Mission 794
Also cluttering-up the place:
Thorens TD160 no cartridge; Marantz CD63 mkII KI; Technics SL-P777; Cyrus 2 + PSX; Cyrus Tuner; Nakamichi DR-1
True enough about the labour costs.
Any premium quality handbuilt equipment from the UK is always going to be expensive.
In 1970 a Ford Escort RS would have cost you around £1750; these days a Focus RS will set you back nearer £30k.
In 1975 an entry-level VW Polo would have cost you £1700; now an entry-level Polo is £10k.
Suddenly that turntable looks good value, doesn't it?
Consulting Editor, What Hi-Fi? Sound and Vision/whathifi.com Audio Editor, Gramophone
I remember reading through a very early 70's hi-fi magazine, and the ads in there were stating £78....
David @Frank Harvey Hi-Fi, Coventry
Mitsubishi HC7000 / Oppo BDP103 / Audiolab 8200AP / Rotel RMB1575 / kick ass speaker system
But the auto industry has seen huge improvements in terms of technological advancements and you can still get a half decent 2nd hand car for the price of a new LP12.
I suppose value is relative.
I'm sure Linn would tell you that the 2011 turntable represents a huge technological advance over the original, and really comparing secondhand values of one product with the new price of another is something of a red herring.
Inflation in the 1970s ran at insane levels (25% in 1975). I have a couple of old hardback books with dust jackets displaying three different prices for different periods of the year (1974 in this instance).
The 1980s weren't much better. When our first mortgage started the interest rate was 15.6%.
I can easily envisage something increasing from £78 to £250 within just a few years in the 1970s.
(please excuse typos as I am using an iPhone.)
Marantz M-CR603 + AirPlay • Rega R3 loudspeakers • iPhone 5 32GB • iMac • Apple Airport Extreme 802.11n • Panasonic TX-L32D25B • Sony BDP-S390 • Ruark Audio R1 Deluxe • Humax HDR-Fox T2
Somewhere in the loft I have a Hi-Fi Yearbook that would certainly show less than £100, so I'm sute you are correct! In those days you could buy them in a sealed box, on the Tottenham Cout Road (amongst other places), ready to fit your own SME arm. An interesting thing to reflect on for those who have only known expert set-up by specially trained dealers.
I think the inflation comparison is less favourable to Linn if you contrast it with the Rega Planar over the (same) years. But Linn advocates will say that the LP12 has constantly been improved (even the basic or Majik model) whereas Rega have mastered cost-cutting and production-efficiency while keeping good performance. Interestingly, as noted above, the Linn seems to hold its value, but not as well as the Rega (in percentage terms).
Hi-Fi: Krell KAV-300cd, Michell TecnoDec/RB250/Grado Prestige Black1, KAV-300i amp, Transparent balanced interconnects and bi-wire to Sonus faber Concerto grand piano speakers, Nakamichi ZX-7 cassette deck, Logitech Squeezebox Touch, Hitachi FT-5500 and Sony S570ES tuners, BCD Engineering stand, RA Powerlink, Chord powerchord, Grado SR60i cans.
AV: Sony Bravia KDL-32EX503 telly, BDP-S370 player with QED HDMI. Currently unused: Denon AVR-1705, DVD-1710, KEF KHT1005.2
Analogue hifi really hasn't made that much advancement in technological terms has it? Digital maybe.
And I wasn't the one bringing value into the discussion, it was originally about inflation. You raised the issue of value when you compared the LP12 to a new Polo in terms of price.
>That's why the manufacturers like you to buy electronic gear: it costs them buttons to make<
Yep. Should really beat-up on Linn for asking 13K for a Klimax DS when the DAC IC used is under £10 in quantity.
Stello CDT200, Squeezebox Transporter, Myryad MT100, Audio Analogue Maestro Settanta REV2.0, Sonus Faber Guarneri Homage · Squeezebox Touch, Quad FM4\34\306, Sonus Faber Concertinos · Squeezebox Controller
Again, Linn would argue that the current turntable has been improved beyond all recognition.
Is this the five-minute argument or the full half hour? I wasn't making any commet about value, merely making a point about price inflation in other industries.
Then again, back in the late 70s, when I bought a pair of entry-level speakers, they cost me around £100. Now you can buy a pair of entry-level speakers for not much more. And a Blu-ray player can now be bought for £80 or so, whereas the first DVD players were around the £500 mark.
Some things have spiralled in price, others less so.
© 2013 Haymarket Publishing