[Por_sha911]

I don't think it is a bubble but more of a market correction.

European buyers went away when the Euro got stronger a year or two ago and cars in the USA weren't as much of a bargain. Also, when confidence in the stock market goes down, investors look for other places to invest: gold, art, cars. Lastly, some of the recent classic car buyers realized that the cost of ownership is too high and they aren't enjoying the car since they don't want to risk having the vehicle's value ruined by a distracted driver with a phone in a 10 year old minivan.

I expect there to be some further drop and then leveling off. After that, the values will start going back up at a less insane rate.