Don McLean is tipping his hat to Taylor Swift after she broke the record he set on the Billboard Hot 100 almost 50 years ago.

Since 1972, McLean's eight-minute and 34-second classic "American Pie (Parts I & II)" held the title for the lengthiest song to hit No. 1.

Well, that longstanding record was broken this week when Swift's 10-minute and 13-second song, "All Too Well," bowed atop the Hot 100.

"There is something to be said for a great song that has staying power," 76-year-old McLean said in a statement to ABC Audio.

"'American Pie' remained on top for 50 years and now Taylor Swift has unseated such a historic piece of artistry," his statement continued. "Let’s face it, nobody ever wants to lose that #1 spot, but if I had to lose it to somebody, I sure am glad it was another great singer/songwriter such as Taylor."

Swift's 10-minute-plus recording of "All Too Well" is featured as a bonus track on "Red (Taylor's Version)," which she released Nov. 12.

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