The Italian stuff priced itself out of the market....
It's like this, in my opinion....the market segment who's looking for original and repro military muzzleloading firearms is shrinking......sure there's still young shooters who like history and muskets, etc but not many.
Reenactment participation is plummeting, again young people don't care and the old heads are getting too old to do it anymore. Case in point the owner of the muzzleloading shop near me does the NSSA stuff but hes 75 ,hes gonna retire at some point and no one is gonna keep that shop open.
The European market (which still has a huge muzzleloading following mainly due to gun laws, like England and Italy) and a few thousand fanatical history buff Americans are what keep Pedersoli making the repros, plus the competition aspect for Buffalo Shoots etc still keeps demand for Sharps rifles up.
Prices go up because fewer people are buying them, and fewer people want originals. The bubble kinda popped for old guns 10 years ago , some people just haven't realized it. I've seen the same 03A3 Springfield sitting at my gun shop for $1500 , no one is paying that.
Ask a tacticool range goer with his AR if he'd like to shoot a musket and he'd probably be like "isn't that stuff for muzzleloader season" those kids dont care about that stuff. I was shooting my P-H musketoon last month and this guy is like , are you zeroing it for deer season? I'm like , no, just trying out these paper cartridges I made and hes like "lol ok , see ya" could care less