That's a darn good question Dave, it seems to me that it's rarity would cause it's value to appreciate or at least stay strong. Maybe it's the fear of whether the seller knows what a broken Point Arena really looks like. Many buyers and sellers believe that production was haulted because the towers were being broken in shipping. The story actually goes a little further. There is an outcropping of rocks that is easier to break than the tower. So I guess maybe if your buying site unseen maybe buyers are being frugal just in case. Personally if someone tells me it's unbroken and mint I believe them. If I receive it otherwise it's in the mail back to them! Personally I think the prices are all out of sync because there is such a small market for any of them. Theres only a small majority of people that are willing to pay above $200 for even the rarest Harbour Lights and certainly that number is even smaller when you get above $500. It's a buyers market and I don't see prices ever increasing much above where they are today. Many new collectors prefer the better quality of the current lighthouses so why would they want an older one that is not of the same quality and is prone to breakage? The only answer I know is that it's the only Point Arena Harbour Lights has made except for the Little Light. In this case if its the only one you can get then it is telling me that there must not be much of a demand for this light even from the West Coast Collectors. Odd! It is one of my personal favorites long before I had the chance to actually visit it.

imho