prices are going up -especially on vintage city bikes and classic 3-speeds. There are a few of us in my area rebuilding them and selling very nice examples and getting higher prices. I think that people are seeing these prices and think they can roll a basketcase out of the basement and get the same prices.
More power to them. If that pushes the prices up it's only better for me as I can charge even more.
Seems like we are starting to see a vintage bike-boom here in Chicago. I love it. Let the market decide with its invisible hands on the bars...