ed- that may not be the case these days. Ten and twenty-year-old Arrizabalagas and AyAs are selling for more now than they cost (in dollars, not accounting for inflation). I have a number of Spanish mid-range SxSs that I can sell for more than I paid 8 or 10 years ago.

Besides, not everyone looks to recoup the purchase price of a toy that they used for years! If you look at what's happened to new prices of Spanish guns in the past few years you'll see what I mean.

Spanish guns got a bad rep 40 or 50 years ago when they made a lot of low-end guns to a price point. That's all in the past and, for example, the AyA #2 (a sidelock) is the best-selling SxS in the UK!