I had a figure of around £100,000-£200,000 in my head.
I beleive this amount of money is not needed to make an album. I think its rediculous, especially now adays in the digital age where someone can make a decent studio for a few thousand dollars.
All thats needed (for rock music) is an NT2 and a make shift vocal booth (carpet in a corner of a room, and a duvet over the carpet). A pop sheild made from a coathanger and a pair of tights. Some decent cables, say a 12 input soundcard with good A/D conversion, 12 decent pre amps, some good mics and mic stands. Recording software and plug-ins.
Thats about it!
I suppose alot of the money goes to the pros who seem to feel the money they are making is justifiable because big record labels only trust big name producers/mixers/engineers. I suppose the whole recording industry is drying up a bit nowadays.
Our album cost us very cheap. $700 for a computer, $1000 for mics stands and cables. A mixing desk for like $200, mastering fees (prob around $2000).
Ok its not up to the standards of an Andy Wallace album, but its about 70% of the way their and it definetly cost ALOT less than 70% of the price for an Andy Wallace album!!
Heres a sample of an unmastered track from our album. http://www.soundclick.com/bands/song...songID=4902474
Some small tweaks have still to be made to the mix before it is considered finished.