Given the huge number (relatively) of luthiers making archtops there is
still a market, but at the $10,000 end of teh spectrum the market is
always going to be small. And a lot of luthiers seem to be shooting for
that range, rather than the $2,500-3,000 rage that is suitable for the
gigging musician. But maybe that's not ever really been the market for
top end archtops- sure, Johnny Smith played D'Angelicos but they cost
about what a Gibson cost in those days. That's why you saw them in
clubs.
So the $5,000 price tag is going to be a limiter for most potential
buyers. Ted Megas is not exactly a household name among guitarists,
unlike say Benedetto, even though he has a great reputation among those
who know. The headstock on that guitar is one of the most tasteful
shapes I have ever seen, the finish looks superb and the wood selection
is outtanding. I think that's what would likely attract a buyer rather
than his name- but not that many people have $5,000 laying around that
they can spare for a guitar.
And perhaps adding insult to injury is that the acoustic tone is no
longer even heard by most of the audience- they hear the pickup and the
amp, not the sound of wood and air that the luthier spent so many hours
crafting. Heck, on the bandstand I can't even hear the acoustic sound
of my archtop over the drums, horns and bass.