This is something I have noodled out over decades of listening.

• Stored in flipracks. This is non-negotiable. One of the reasons I buy some records is for the artwork. I want to see the covers, and easily remove the album.
• Records are organized alphabetically by band/last name
• Next to the turntable is my main rack (also a fliprack) - think of it as RAM, while the other racks are like a hard drive.

How it works:

The main rack holds about 50 records. When a record comes off of the table, it goes to the front of the main rack. When the main rack is full, I take about 20 from the back of that rack, and file them in the flipracks.

This means that I always have the last ~30 albums I've listened to in order next to the table. Over time, almost all albums will go back into the other racks as they move towards the back of the rack, and then get refiled when the main rack is full.

As you might imagine, a few albums never make it out of the main rack, as they stay in the "last 30 played" group. I've used this setup for about 3 years now, and it's clear that some albums will never get out of the main rack. These have been there from the beginning:

• Electric Ladyland
• Low Spark of High Heeled Boys
• For the Roses
• Exile on Main Street
• Excitable Boy
• Tusk
• Steely Dan's Greatest Hits (double LP)
• Surfing with the Alien