What hasn't gone up in price? Everything is absurd in price from brand new to used.
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I bought a Ricoh GR III (not a GR III digital, an actual GR III) off Facebook marketplace for £350 a few years ago (at this point, the GR IIIx hadn't been released). It was cheaper than most because it was missing the front decorative ring. I added that back for £10-15, though.
In the year or two that I had it, I realised it wasn't right for me. It was a lovely camera, but I hated the focal length, the autofocus system always seemed to pick up some random object I didn't care about, and manual focus with the buttons was between impractical and downright unfeasible. I put it on eBay with an auction start price of £150 or so... And it fetched £450.
Another year or two later I was thinking of getting a GR IIIx as I'd probably enjoy the focal length more. I looked at eBay and damn, both the IIIx and normal III are selling for £800+, with only some poor-condition outliers below £700.
Apparently ricoh's manufacturing hasn't kept up with demand and their used prices are absolutely bonkers. I don't think this has happened to Sony (although I wish, as I need to sell my A7ii soon). I think its a bit of a case-by-case basis.
LOL, not my old Canon 50D!
I bought most of my film cameras in the early-mid 2000s when people were dumping them in order to buy digital. Now I look at the prices now versus what I paid and realize how lucky I was. I wonder how long the market will last.