Well, they sure aren't accepting any lower offers. I've offered $2500 (taking Ugh, Templar and Firedog's advice) on two Galil 386s with flat turn-downs on each. The one guy ended up selling his for $2800. The other is still for sale at $3000. I haven't seen any for less money. The only 261 out there has a reserve of $2750. I'd make him an offer but I'm not sure about the 18" barrel. The Model 392 ARMs are even worse - I haven't seen any of these for less than $3300. Are they selling for this price? Apparently so, because the owners aren't budging on the price.
I'm a newby here, but it seems like these rifles are climbing in value pretty quickly. I guess you could suggest that we not buy them at this price and then they'd go down, but eventually someone from outside the group will buy at these prices and they'll hold strong. I collect Colts and Winchesters, so I know a little bit about supply and demand and crazy prices - right now with Galils there is too much demand and not enough supply.
I can still get a M62 or M76 Valmet for $1000-1200 less - I may have to go that route even with the lack of parts and expensive mags. I wasn't crazy about paying $2500 for a Galil - $3000 would flat-out kill me.
John