1. Different UV-Vis instruments have different OD ranges. Some go up to 3 and some go up to 5. There might be some that go up even higher. Depending on your application, though, I would recommend against pushing up against the top of this range. Absorption is a logarithmic scale, so an OD of 5 means a transmission of the incident light of only 0.001%. As a rule of thumb for measuring extinction coefficients, I like to keep ODs below 1. At high concentrations you also subject your experiment to various inner filter effects and other limitations of Beer's Law, where the observed absorbance is no longer linear with respect to concentration. Which leads us to:
2. A (usually red) shift in the absorbance wavelength at high concentrations is often observed for flat, aromatic molecules. This is because the molecules stack up and aggregate as they approach their solubility limit (some like pyrene stack up even far below their solubility limit). You will especially see pronounced effects in the corresponding fluorescence experiments. Needless to say, such effects will greatly impact the linearity of a concentration curve, which is why it's a good idea to acquire spectra over a full wavelength range rather than just analyzing a single wavelength, at least until you know you are not experiencing any spectral shape changes over the concentration range of interest.