New Zealand punk band the Suburban Reptiles never released an album, making the record "one of only a couple of recordings they released", they were one of the first two punk bands to form in New Zealand.
Trade Me spokeswoman Millie Silvester said classic New Zealand vinyl records were rare and often came with a hefty price tag.
"This is the most we've seen a New Zealand vinyl record sell for in recent memory and it's great to see the love for New Zealand music is still alive," Silvester said.
"This listing in particular was from one of the first NZ punk bands and it was very popular, fetching $1180 after a bidding war between two keen members."
Vinyl records were "hugely popular" on Trade Me, Silvester said, receiving approximately 35,000 searches on its site per month.
The vinyl, which sold for $1180, was the most a record had sold for in recent memory, Trade Me said.
"Since 2012, there has been a vinyl revival and we've seen a huge increase in the number of searches and sales of vinyl records on-site," she said. "Between 2012 and 2017 we've seen a 69 per cent jump in the number of vinyl records sold on-site. Between 2016 and 2017 alone there was a 15 per cent jump in sales."
There are currently 38,232 listings for vinyl records on Trade Me.
A Suburban Reptiles vinyl sold for $1180 on Trade Me over the weekend.
"Vinyl seems to be part of a revival, and love, of more tactile and analogue ways to enjoy our spare time. We've seen the same move back towards books when many people thought they were on the way out."