Im afraid thats more the new reality. Consider what new Rugers cost now, and the price of S&Ws doesnt seem as bad. Im still somewhat in shock at what used S&Ws go for, but comparing to new prices, they still seem a deal for a generally more desirable gun.
My frame of reference was in the days of $225-$250 model 19 Smiths, $300 27s, Colt SAAs for $400-$500. I bought traded and sold a fair number of them back then, it was a fun hobby and a decent way to make a little now and then if you ran into a deal somewhere. Theres a few classic guns that are still underappreciated, I wish i could afford to buy a couple before they go out of sight.