I’ve been buying records since the ’60s. As my tastes changed, so did my acquisition habits. I’m not a completist but caught the bug on more than a few labels- at one point early Island pink labels (mainly because I liked the bands Chris Blackwell signed, from Traffic and Tull to King Crimson, Spooky Tooth and beyond). Vertigo Swirl was another label that caught my fancy-- though best known for the first four Sabbath albums, the imprint had a deep catalog of fairly obscure psych, prog rock and other oddities that appealed.
When record stores were dumping vinyl in the late ’80s, it was easy to buy good quality LPs on the cheap, from "audiophile dreck" (Direct to Disc Flamenco Fever, anyone?) to classical, like EMI ASD, Lyrita, Decca, etc.
In around 2005, I started to comb through what I had, replaced some copies with better pressings and continued to buy even though the market for vinyl was still pretty bleak. Most of it was older pressings. I got bit by the post-bop jazz bug and started buying Strata-East and a lot of so-called "spiritual jazz" records before prices went bonkers. I also surfed artists- Cecil McBee is one of the great jazz bassists from the era and I bought pretty much whatever I could find with him appearing as a sideman or featured artist.
There are so many strands to this, it’s hard to say that there is any one motive for getting these records under one roof other than to listen to them, which I do. I know lots of folks are now turning to hi-rez streaming, but in my limited experience with Qobuz, they simply don’t have the depth of catalog. Many of these records were never released as CDs or reissued in any form.
I culled by getting rid of around 12,000 records before I left NY. That left me with a little over 5k LPs, to which I’ve added maybe another 1,000 in the years I’ve been living in Texas. I don’t listen to the "audiophile" records any more, and except for when the occasional mood strikes me, rarely listen to classical. Even most of the classic rock (which is fairly extensive including many multiple of things like the various Zeps) doesn’t get played much. Yet I am still emotionally attached to those records and I am a pretty good curator. Eventually, all will get disposed of through my estate when the time comes.
In the meantime, I continue to buy, but it is usually older stuff, soul or spiritual jazz, some "proto-metal" (i.e., precursor bands that anticipated Zep or Sabbath but never made a commercial dent). I also like the Tone Poets- Katanga! is a "must buy" in my estimation. I will fill in some empty niches with the occasional Chad jazz recut (though his older reissues are now getting expensive).
There’s a lot beyond the physical artifact and the playing of it- the history behind the record, the players, the label and the backstories of how some of these records got made, so it can be an intellectual pursuit as well.
PS: on multiples, I like to do my own shoot-outs and often there isn’t one "best"- different shadings. The Zeps- the RL is different than the UK plum; on Zep 1, there are many exceptional copies I’ve discovered over the years, not all of them expensive (yes, I have the 45 rpm Classics of a few, but those aren’t my "go to"). You can buy a record from Tom Port more easily at a price (I did buy one, a Free Tons of Sobs and it does trounce the other early copies I have here, but I’m not in the habit of paying big dollars for more common records-- that one was not a normal Tom offering according to his taste).