10. My Bloody Valentine: Loveless - $500,000 ($925,000 Today)
My Bloody Valentine is an Irish rock band whose second studio album, "Loveless", was subject to an incredibly messy and unproductive recording. The album, released in 1991, was started at the beginning of 1989 and saw the band change producers twice and struggle to commit to a studio.
The band's label, Creation Records, wanted the album recorded in only five days, but once this proved to be impossible the band moved studios and didn't record anything for eight weeks. Guitarist Kevin Sheilds was unhappy with their first engineer, Nick Robbins, and replaced him with Harold Burgon. Shields was often unhappy with the crew in the studio and the studios themselves, and would ask Creation owner Alan McGee for a change in venue.
To top it off, engineers and band members often had to take long periods off from recording - to work with other bands, recover from illnesses, and tour - and the stop-start nature impeded the album's progress. Creation Records were quickly running out of money and a leading staff member, Dick Green, is said to have suffered a nervous breakdown after two years of poor progress and inconsistent behaviour from Shields.
Shields himself disagrees with McGee's estimates of the cost of the album (around half a million), and at this point the album's birth is stuff of legend: Creation Records went bankrupt soon after the album's release, and today "Loveless" is regarded as one of the best albums of the 90s, a touchstone in the shoe-gaze rock genre.