Long before ever buying anything, I joined the local NBTHK branch in Japan, and attended their meetings for several years. In those days it was mostly old men who spoke little, listening only to the Sensei explaining what he had brought. No one brought their own blades, even if they had any. Maybe some did, but that would have been a secret. When I put up my hand to ask a question, people turned around and stared, but I noticed the teacher seemed eager to answer. Some evenings when I kept my mouth shut, (as I had been advised by my elders and betters), he would ask me afterwards if I was all right. He encouraged me to ask freely, relieved at the give-and-take, and the sound of someone else's voice.
Gradually over the years the older members faded away and dropped out and younger ones, male and female, came and joined. Even so, none seemed to want to possess their own blade. They were there to learn. When I questioned this, it was pointed out that the more they learned the higher they aspired, but at the same time the more financially distant those good blades became. A friend who had once been a member in the old system seemed to take almost twisted delight in the fact that members never actually bought anything. Eventually I was able to asure him that in reality people were now beginning to buy blades of their own. And they are.
Thus it is that in Japan at least I would say that sword collecting is, to some extent, not over but changing in nature, and beginning anew.