[shor]

Supply and demand.
Alot of the late 80's sales were from speculators. The speculators of day's past created a false demand and an artificial rally that could not sustain itself.
There is a big difference in what is going on now. Most if not all of todays sales are between enthusiasts. The seller often takes that money and puts it back into the car market with another purchase. Trading up, if you will. Today's prices are more indicitive of fair market value. The Stock market has been doing horrible and you don't see any panicked sales of these cars. and you won't. The people that own these cars want them for what they are. They really are special cars. A new Chevy duramax diesel LT stickers for almost 50 k today.
Is 80k for a copo out of line? You decide. If you are holding out for prices to retrace like they did years ago I don't see it happening.