nparsons13
Well-known
A black paint QL17 GIII was sold on the shopgoodwill.com web auction this evening for $203 US. Are the black ones that scarce?
Interesting statement when a black little Canonet sells for more than a Leica II, even in black. All because of hype on "rarity" and "professional model" as if that matters today.
I've noticed on Goodwill that the collectors seem to have taken over, driving up sales on items that would have normally gone for much less just three years ago. Where something like a Canon IVSb would have sat there for a while before anyone got interested, now they have $150 in bids in less than an hour after first posting.
Saw a Leica IIIc go for over $270 the other day, which in itself wouldn't seem too bad, but it was junk. Even the lens cap was green with corrosion. I might have paid $50, painted it some gaudy color, and put it on the shelf as a conversation starter. But it didn't look to be rebuild-able. It's just irrational the way the bidding goes on some items, with folks not paying any attention to the physical condition of the item.
I've also been noticing some items getting bid up way over their value, and then back up for auction a week later when the buyer backs out.
I'll usually put something on my Watch List, then go to http://collectiblend.com/Cameras/ to see if it's worth getting into a bidding war over.
PF
Plus I think people just spend more on shopgoodwill because it's a charity, but it's worse at in person auctions. Canons or Nikons are always the most expensive to go, based on name. Next is anything that looks old, even if it's worth no more than a few bucks. Sad thing is a lot of this stuff winds up sitting on antique store shelves where it rots. Granted a lot of the stuff the more savy camera buyers pass on is broken, but it is still sad to see it wasting away for no reason instead of being sold to someone who will use it or fix it.The online Goodwill prices are almost always higher than Ebay (averages), which are higher than out in the real world. Too many shows about instant profits like Storage Wars and such...make people with too much time on their hands buy for whatever the cost. I don't mind a user wanting one, and deciding to spend an extra $40 or whatever. But most waves of cult buying are usually driven by speculators. They buy many of the item, to try to gain wealth by hoarding or flipping.
In the large format world, there is a guy that is buying up a lot of nice equipment, he knows nothing. He puts prices 3 times the going rate as BIN, and they never sell. Months and years go by and none of his completed items are sold. He lives in a mansion, drives a Corvette, and has fountains and gilded mirrors all in his house. He's buying at any price....because he can. He's not selling for realistic prices....because he doesn't care.