In a bad economy the auction houses for the most part will be booming. Sure there's less bidders, BUT you only need two to run up a price. One of the local vintage guitar stores actually gave me some nice perspective into this a few years back, when I noticed a bunch of absolutely incredible vintage guitars and amps that he seemed to get all at once, after a long dry spell. He basically said, "The economy is bad enough that people are parting with things that they would never have parted with. And the market is now seeing things that most buyers would have never dreamed would hit the market."
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