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Dear Ed,
I agree with John. I think, though, that there are a class of collectors that are, indeed, driving the prices sky high, making many photos inaccessible to the average enthusiast. Recent prices seem to be much higher than, say, a year ago. Bidding against someone who is willing to spend whatever it takes is no fun.
But, as you say, it is whatever the market will bear. Ironically, I am told by authors that the market for Luftwaffe books is shrinking. So, if these collectors are paying premium prices to publish, they just may find that their dreams of subsequent publishing profits are just that, dreams.
Regards,
Richard
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