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I can only assume
They are being bought primarily for copying your old vinyl records to digital ( all of mine got ruined in the latter eighties from getting wet and moldy from an overseas move on a ship - just in time for me to switch to cd's, ). The only argument for using older "High Fidelity" equipment, of which phonographs were an integral part of - is the fact that tubes on older amps can have a cleaner sound than the solid state transisters that are in amplifiers nowadays. But that does not have anything to do with the phonograph itself. By the way a good quality reel to reel has a pretty good dynamic range ( 110db with Dolby, about the same as a compact disk )and it stores a lot more than a compact disk - but not as much as my mp3 library.