Which audio file format is best for storing lots of music with high-quality sound?
I think FLAC would be a good option if you have a lot of memory. Actually you can visit https://mypcfile.com/ it is file database, surely find a good solution for you
There are several kind of audio formats to choose from when saving music files. While some formats sound better than others, the higher quality formats typically take up more space on your hard disk. If you have a lot of music files, you will benefit from using a compressed audio format that shrinks the size of the files, while maintaining the fidelity of the audio. The AIFF and WAV formats are equivalent to CD-quality audio. These formats support 16-bit, 44.1 KHz, uncompressed stereo sound. When you “rip” a full-quality audio track from a CD onto your hard drive, it should be one of these formats. However, if you want to store a lot of music on your hard drive, you should choose a compressed format such as MP3 or AAC. These formats take up roughly one tenth of the space of AIFF and WAV files and sound almost as good. If your goal is to use the most compatible format, choose MP3, since this format is supported by nearly all music players. Most music jukebox programs such as iTunes and