diff --git a/CHANGELOG.md b/CHANGELOG.md
index dc3fef1..8e25a7f 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -1,6 +1,7 @@
 ## v1.?.0 - 2023-??-?? -
 
 * Record.lenient property added similar to other common/standard _octodns data
+* Fix bug with Record.copy when values is an empty list []
 
 ## v1.3.0 - 2023-11-14 - New and improved processors
 
diff --git a/octodns/record/base.py b/octodns/record/base.py
index 6f83578..d203cea 100644
--- a/octodns/record/base.py
+++ b/octodns/record/base.py
@@ -296,7 +296,10 @@ class ValuesMixin(object):
         try:
             values = data['values']
         except KeyError:
-            values = [data['value']]
+            try:
+                values = [data['value']]
+            except KeyError:
+                values = []
         self.values = sorted(self._value_type.process(values))
 
     def changes(self, other, target):
diff --git a/tests/test_octodns_record.py b/tests/test_octodns_record.py
index 66f0b9f..0fe3d57 100644
--- a/tests/test_octodns_record.py
+++ b/tests/test_octodns_record.py
@@ -338,6 +338,17 @@ class TestRecord(TestCase):
         del b._octodns['key']['second']
         self.assertNotEqual(a.data, b.data)
 
+    def test_record_copy_with_no_values(self):
+        txt = Record.new(
+            self.zone,
+            'txt',
+            {'ttl': 45, 'type': 'TXT', 'values': []},
+            lenient=True,
+        )
+
+        dup = txt.copy()
+        self.assertEqual(txt.values, dup.values)
+
     def test_change(self):
         existing = Record.new(
             self.zone, 'txt', {'ttl': 44, 'type': 'TXT', 'value': 'some text'}
@@ -631,10 +642,9 @@ class TestRecordValidation(TestCase):
             lenient=True,
         )
 
-        # __init__ may still blow up, even if validation is lenient
-        with self.assertRaises(KeyError) as ctx:
-            Record.new(self.zone, 'www', {'type': 'A', 'ttl': -1}, lenient=True)
-        self.assertEqual(('value',), ctx.exception.args)
+        # empty values is allowed with lenient
+        r = Record.new(self.zone, 'www', {'type': 'A', 'ttl': -1}, lenient=True)
+        self.assertEqual([], r.values)
 
         # no exception if we're in lenient mode from config
         Record.new(