I think we're seeing a parallel in the collector cars market with most of the primary early year activity occurring essentially in my back yard.
The prices realized at auction for high end cars just keeps escallating upwards while the lower and enty level and niche vehicles prices are static or in some instances have gone down.
Ron Pratte a Mesa,AZ Real Estate developer sold off most of his collection at Barrett Jackson this year and it realized around $50 million. It is being reported that he had far more then that invested in the collection but we watched him buy many of these vehicles at the high end over the years.
For example: he bought the GM "Futurama" bus a few years back for around $4 million and I believe it realized about half this amount when resold this year.
Here to me is an example of a high end "niche" vehicle with a very limited interested ownership audience.
Jim

The 2nd Amendment IS an unalienable right.