jlw
Rangefinder camera pedant
I was flipping through the new Pop Photo piece hailing the new D3 as "the greatest Nikon ever."
This got me wondering: how does the D3 compare in terms of price to what I would consider the greatest Nikon ever, the SP?
The SP was introduced in September 1957 and the D3 almost exactly 50 years later. Comparing historical prices is always a bit dodgy with technological products, because you can buy things now that you just couldn't have bought in the past at any price, and vice-versa.
(Or as Jay Leno explained when talking about the huge amount of labor involved to work on the engine of his Duesenberg: "This car was built when labor was cheap and technology was expensive; now it's the other way around.")
But still... what kind of rough conversion can we make?
I can find out with a visit to the B&H website that a Nikon D3 costs $4,999. A 50mm f/1.4 AF D Nikkor adds $285, for a total of $5,284.
A visit to the Federal Reserve Bank of Minneapolis CPI calculator page (click here) shows that in terms of CPI, that amount corresponded, in 1957 dollars, to $719.73
Now here's an odd thing: despite having both the old and new Rotoloni books, I don't know what an SP cost in 1957! I did find this post (very end of the thread) on Photo.net saying that at the end of its run, a Nikon SP with 50/1.4 listed at $375. Assuming that the end of the run was in 1964, the equivalent of the D3 price in CPI-adjusted dollars would be $794.01.
In other words, in CPI-adjusted dollars, the SP was less than half the price of the new D3!
Another interesting quirk: The limited-edition Nikon SP reissue of 2005 cost 690,000 yen (with a 35/1.8 lens.) I don't have any historical dollar/yen exchange rate data, but at current exchange rates plus CPI adjustment that would be $6,703. That's about 27% more than the D3.
What does all this prove? Nothing -- except that Leno was right!
This got me wondering: how does the D3 compare in terms of price to what I would consider the greatest Nikon ever, the SP?
The SP was introduced in September 1957 and the D3 almost exactly 50 years later. Comparing historical prices is always a bit dodgy with technological products, because you can buy things now that you just couldn't have bought in the past at any price, and vice-versa.
(Or as Jay Leno explained when talking about the huge amount of labor involved to work on the engine of his Duesenberg: "This car was built when labor was cheap and technology was expensive; now it's the other way around.")
But still... what kind of rough conversion can we make?
I can find out with a visit to the B&H website that a Nikon D3 costs $4,999. A 50mm f/1.4 AF D Nikkor adds $285, for a total of $5,284.
A visit to the Federal Reserve Bank of Minneapolis CPI calculator page (click here) shows that in terms of CPI, that amount corresponded, in 1957 dollars, to $719.73
Now here's an odd thing: despite having both the old and new Rotoloni books, I don't know what an SP cost in 1957! I did find this post (very end of the thread) on Photo.net saying that at the end of its run, a Nikon SP with 50/1.4 listed at $375. Assuming that the end of the run was in 1964, the equivalent of the D3 price in CPI-adjusted dollars would be $794.01.
In other words, in CPI-adjusted dollars, the SP was less than half the price of the new D3!
Another interesting quirk: The limited-edition Nikon SP reissue of 2005 cost 690,000 yen (with a 35/1.8 lens.) I don't have any historical dollar/yen exchange rate data, but at current exchange rates plus CPI adjustment that would be $6,703. That's about 27% more than the D3.
What does all this prove? Nothing -- except that Leno was right!
Last edited: