1949 – RCA Victor introduced a 7-inch 45 rpm record with a hole in the center. 1950s – 1960s – Shellac 78 rpm records stopped being produced in favor of vinyl records. Even more dramatic sales started hitting the markets beginning in 20122015 – Wu-Tang Clan’s “Once Upon a Time in Shaolin” sold in 2015 for $2 million dollars, making it the most expensive record in history. The World’s Biggest Vinyl Record Collection is owned by Brazilian businessman José Roberto Alves Freitas. Wu-Tang Clan, The Beatles, and Elvis Presley are the creators of the top three most expensive vinyl records to date.