I certainly agree that you can find used Ensigns cheaper than $8,000 to $15,000. The ones I saw for sale at those prices were early 60's models with total restorations, (newly recored deck, new teak all around, new rigging, sails, winches, fully race equipped, etc.) that the owners had probably put a lot of money into, as boatyard labor rates and OEM part prices can quickly add up. These were asking prices, not necessarily the selling prices. I recently saw a listing for an unrestored, but obviously well maintained, 60's vintage 6 time Ensign Championship winning boat listed for sale for $3200 in New England. And yes, some people left the Ensign fleet in favor of the Sonar and other newer designs as the Ensign Class Association chose to keep a fairly strict one design philosophy and limit proposed changes to the boat, in an effort to keep the older boats competitive. I wouldn't encourage people to rush out and buy an old boat and update it in the hope of getting a huge return on it, because that doesn't usually happen, given the current costs. The Ensign, in my opinion, is what it is, a great daysailor and one design race boat within its limits, and there is apparently still a demand for it.