Wunbe: What do you consider design faults??
Trauma: The over inflated ones simply do not sell. It's a damned small niche market. You can still buy most commons even back to the non prefix era for under $1200 unless it's especially nice. Used 98% rifles in common calibers and configurations are routinely being sold for $850 or less and often with Leupolds on them, so all o sudden it's a $750 rifle.
Yes, the days of the common $350 and probably even $550 used #1 for a parts gun are probably gone.
On the other hand I JUST bought a 131 serialed 22-250 "V" with a 3 screw trigger and very good wood that appears unfired for $650. I plan on punching it to 22-250 AI and shooting ground squirrels. 7 mags and 300s of no particular rarity are still $850 rifles most of the time. It's probably less than they sold for new.
A guy asking $100+ for a 270 is on the other hand, probably a BIT ahead of demand.
My first one was $285 NIB in 1967. On the other hand most of us #1 nuts have probably paid a whole bunch for the wood on a rifle with no care at all for caliber, configuration or actual rarity.
I have more than 1 and less than 100 spread from 1967 through 2014 when they shipped me a 264 Win Mag "S" in exchange for a 7mm Mag "V" they couldn't fix. The 264 is way more rare as an "S" than the 7mm Mag is as a "V"
If a person is going to be in the #1 market it behooves them to be knowledgeable. There are truly rare #1s though even those are inexpensive when compared to other stuff. With 2 to 4 million guys chasing Winchester levers that's where I see over inflated prices.
The #1 niche is simply way to small to support outrageous prices. Heck I've personally never seen even one of one NIB box prototypes go for more than $6500. I bowed out at $4K.
Last week I paid $1275 for a 222 non prefix AB that's probably one of 25-30 made and consider most #1s a bargain.
Just don't buy those that you perceive as overpriced.
Value is relative. I have the only known non prefix 257 Roberts "B" it's my annoy Bill Sr for 5 years rifle. What's it worth? Zero, because it'll never hit the market.
Ross