Is the used bike market for classics in India really this insane?

1978 RD400 in the US: $5800 (₹4,80,000) For reference, Duke 390 is $6000 and R3 is $5500 in the US. 1983 RD350 in India: ₹8,50,000 I saw an RD350 once on sale for 12 lakhs as well. How is it this ridiculous? And it’s not just with bikes either. 5 year old Polos are being sold for 10-12 lakhs. Octavia VRS in the used market is around 45 lakhs. What is going on?