I have been collecting IIRP militaria for almost the past 8 years and have seen the prices of items inch up and up during that time. I have read and heard the stories about 15 or 20 years ago, and I shake my head in disappointment I never had the inclination and knowledge to jump into the hobby when I first visited Poland in 1994.
In any case, are we in a financial bubble when it comes to this hobby? I am 28 and cannot imagine many people my age or younger being passionate about history or the intricacies of collecting in this field. From my experience, most collectors tend to be older and more affluent. Is at some point this top echelon of collectors going to pass away like the original owners and a flood of items going to hit the market as the kids of these collectors decide to sell "dad's old military crap"? Will there be enough new collectors in 5 or 10 years time to absorb this supply if and when the time comes?
Really open to your thoughts on the future of this hobby and the trend in prices (which at times seem completely idiotic - I live and work in Poland and cannot imagine who buys some of these things for 5000zl or more or 2000zl for that matter).