Originally Posted by Ronsonic

One of the things these prices are telling us is that we are getting our vintage steel for less than the intrinsic value. That is to say, it costs more to make than we are paying. That is not a permanent situation in any market. It is true that most new steel is positively elite in fit, paint and features compared to a lot of our old pipes. However, that doesn't change much since even a cheap new lugged steel frame goes for close to a grand.

I have no gift for investments or financial advice, but to me, the market says it's a good time to buy the best of the vintage stuff and sit on it. This "OMG he wants $300 for that handmade Italian frame" is going to look silly in a couple years.