Jack is right on....Mr. Shanks AND Mr. Millet. When I started collecting in the early 70s you could pick up top line classic recurves for $25-100. No one wanted them. By the late nineties, xxxx had driven prices through the ceiling. I saw '59, 60, and 61 Kodiaks go for $2000 or more. I sold a pristine 40# '65 Kodiak for over $600, and it was the FOURTH one that had sold for that much in that same month!(and 40# bows were not so popular back then.) I kept most of my bows at the time, expecting things to continue to climb long-term. Didn't happen, especially for guys like me, who sought out the heavy weight bows because they were more rare(bad move!)
Things are different now! When one is getting older and doesn't want to saddle his family with years of work getting rid of his stuff, he should be realistic. Getting rid of several hundred bows in bad markets takes years, if you're not going to take a bath in the process. I almost never LOST money, but in the end, it wasn't all that great an investment. It's like guns: we fool ourselves into thinking that it appreciated incredibly, but if you take inflation and the number of years into account, some other investment choices could have done better(but NONE would have paid off in the satisfaction we received!)
Father Time marches on. I wouldn't trade anything for the experience, but I owe it to my family to make their lives easier. (They're still likely to cuss my memory anyway-I'm still leaving them a lot of stuff!
Back to the original post: yes, people are also sitting on the sidelines. I don't think many people feel flush with buying power right now.