Let's not forget that we all tend to want to buy the bike that we lusted after but couldn't afford when we were a teenager. So a lot of this is simple demographics. As the teenagers of 1970 got to the point in their lives when they had enough money to buy that long-remembered bike they go looking for it. They have the money so they buy it. 10 years ago I didn't see mid-eighties bikes selling for much. Now the 16-year old of 1985 is 43 years old and generally has a little more spending money in his pocket. Multiply him by a few thousand others like him and you have a boom in prices for mid-eighties dream bikes.

My generation, the baby boomers, were the first U.S. generation to go for bikes in a big way when we were teenagers so we are the first ones to collect bikes in a big way. As we begin to retire and have more time for our hobbies we buy more bikes.

Will the price of a vintage Cinelli drop once we die off? I don't know.
Brent