I agree that small frames can sell well sometimes, but as we all know an auction will realise a representative value only if there are at least two keen bidders. And the chance of there being only one keen bidder is greater when you're appealing to only a small fraction of the market, e.g., with size 16 or size 21.
Remember also that prices are generally lower in the US. Lower second-hand values may be a consequence of lower new prices, especially for frames. But also a frame like the Bizango that's for sale would have a much greater rarity value over here, but perhaps isn't all that rare in the US. And is the retro concept slightly more popular in the UK than in the US? I think a market for steel frames persisted in the UK after it died in the US anyway, and that may be a factor.
Remember also that prices are generally lower in the US. Lower second-hand values may be a consequence of lower new prices, especially for frames. But also a frame like the Bizango that's for sale would have a much greater rarity value over here, but perhaps isn't all that rare in the US. And is the retro concept slightly more popular in the UK than in the US? I think a market for steel frames persisted in the UK after it died in the US anyway, and that may be a factor.
