I think it's wrong to think of it as a replica, it's more of a tribute. Sort of like the new cars (Mustang, challenger, camaro, mini, fiat, etc), they have classic inspired styling but share nothing with the originals. They probably won't sell them here, so I'm not holding my breath for seeing them on Craigslist for cheap.
Interesting.. and got me thinking, found this article...
http://fortune.com/2014/10/17/ford-mustang-cost/
"When it was introduced in 1965, the original Mustang created a sensation with its sporty style and race-car inspired features that disguised its homely Falcon underpinnings, and were available with an average guy base price of $2,427. If you adjusted the price today for 50 years of inflation, it would still be a bargain at $18,326. The 50th anniversary Mustang may still be a good value, but no one would call it a bargain. While it arrived with that same long hood, short-deck design, driver-oriented controls, and middle-of-the-market aspirations that made the early car so popular, its actual base price would be unrecognizable—and unaffordable—to many of its original owners. The 2015 Mustang starts at $23,600, representing nearly a 30% bump over the inflation-adjusted price of the original."
from
http://thecabe.com/vbulletin/showthread.php?67751-1937-Columbia-absolutly-pristine-Original-MINT-150,
sirMike1983 said, "A base model bicycle in the late 1930s (what most people cite as a good time for balloon tire bikes) sold for what today would be $400-500. For example, a relatively basic Elgin was $27.85 in 1938 (
http://productimages.goantiques.com/...965_detail.jpg). That's $466 today (
http://data.bls.gov/cgi-bin/cpicalc.pl).
What does $466 buy you today? You're comparing your $466 in hand to a $150 bicycle. $466 will actually get you a decent bicycle today, even if they don't look as classy as the older bikes. The most basic Worksman bike starts at $369, and your extra $100 will get you a few add-ons, even if not the most deluxe model they offer. Remember, we're comparing to the basic 1938 Elgin from the ad. A Worksman is a decent bicycle and a pretty sturdy one at that. If you are willing to buy a mid-range mountain bike, you can get a decent machine for your $466 as well- something very sturdy, relatively light, has plenty of gears, and has at least front shocks. Suddenly it's not so much about one being "better". It's more that you can get something decent for your money and it's more about what you want to do with the bike.
So the comparison is not clear cut. What you're doing is comparing what today would be a basic, mid-model bicycle price, not Wal-Mart $150 level stuff. Of course the $150 will seem like junk in comparison- it's not even aimed at the same price range"
So, to me the 2015 Mustang is a better car at 30% premium over inflation.
The WM "Columbia 1937" is a worse bicycle for roughly 66% discount considering inflation.
We are not even considerig the fact that I believe a genuine "Columbia" was a premium bike back in the day and the new Chinese bike prob is only 20% of the cost of a "Real USA Columbia"
Since the new US built fully decked out quality $500 "Columbia" balooner does not yet exist,
and who knows if it would sell to the Ipad / x-box hordes, the question remains, what can you build out of it?