Artist
The artist is the most important factor in determining the value of a first album. Some artists are simply more popular than others, and their albums will command higher prices. For example, a first album by The Beatles is likely to be worth more than a first album by a less well-known artist.
Rarity
The rarity of an album also plays a role in determining its value. The fewer copies of an album that were produced, the more valuable it is likely to be. For example, a first album by a band that only released a few hundred copies is likely to be worth more than a first album by a band that released millions of copies.
Condition
The condition of an album is also important. An album that is in good condition will be worth more than an album that is damaged or worn. For example, a first album that is still sealed in its original shrink wrap is likely to be worth more than an album that has been opened and played multiple times.
In general, a first album can be worth anywhere from a few dollars to thousands of dollars. The most valuable first albums are those by popular artists, that are rare, and that are in good condition.