eBay prices are off the charts too. I think sellers are banking on kids buying film cameras on trend. Except I'm not buying on "trending prices". I'll do without if that's the case.
The trend is definitely upward, and it is certainly based on the increasing numbers of relatively affluent young photographers today. I don't see that trend as abating any time soon - it's entirely in line with the boom in all things artisanal and the craving for physical processes exhibited by all of the Gen Xers and Millennials who have to spend far too much of their lives in front of a computer screen. There is a limited supply of cameras and gear (obviously!) and a booming community of buyers, both amateur and professional, who are entering their prime earning years. I do think that the demand for mechanical cameras will continue to increase faster because mechanicals will outlast electronics in the long run. Mechanical Hasselblads have already become unaffordable to many of us, and Nikon Fs are well on the way. The film renaissance is already supporting a resurgence in consumables and new product lines.
I'm pushing seventy, so I expect that I can keep my mechanical film gear going for the rest of my lifetime and maybe pass it on to a new generation. I'm in acquisition mode for the gear I've always wanted but couldn't afford because I don't think I'll be able to afford it in the very near future. I'm building my Nikon F outfit, and looking for a few remaining Pentax M42 lenses and Hasselblad / Rolleiflex accessories I covet. My Retina and Super Ikonta outfits are complete so I'm just looking for a few parts cameras. Leica M gear is already out of my price range, and LTM lenses from Wetzlar are as well. So I'll concentrate on a few Japanese and Russian LTM lenses, and be satisfied with them.
What I'm really wondering about is whether there's a mechanical film era system that I want to get into for the first time. Mamiya RB and RZ don't hold much interest for me due to their weight and bulk, but I'm thinking Bronica might be worth taking an interest in. I'm sure there are others as well.
I say it's time to buy before they go up. If there is a sell off due to the economic impact of COVID-19, that may slow down the price inflation for a bit, and may even drop prices a little, but I don't see this surge in prices for many systems as ending soon. Miss the boat and you'll soon have to shoot Holgas and Dianas or win the lottery.
Andy