Wal are not the only bubble....
Yesterday Facebook marketplace showed me a well worn 1980 fender jazz with a broken pickups... fella wanted £2k
And then a 1978 precision for £2.8k
this is the era of Fender that's seen as the worst in it's production life! it's mad.
It's like a form of long covid where bass players will pay silly money for old fenders, Wals, 3leaf pedals...
while at the same time from what I understand there's a glut of new gear in the market as they over produced during the covid period.