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The industry has been working very hard to convince people otherwise. I think a lot of the colour pressings are coming from GZ Media, they've improved their quality control over the last few years. I have one or 2 that come close to a decent pressing on black but nothing that comes anyway near the best of the black stuff. Certainly in the past it was a novelty that was frowned on but people don't need to play the records as much these days.
From the resale point of view they are a better bet at the moment.
Airhead
I've never liked coloured vinyl, have always felt it compromised sound quality...