M10 has destroyed the used market

[AusDLK]

resale prices of M(240) for less than $2800??

say what?

and no one, no one, wants my M-D... well, i had an eBay offer for $3800

i'd rather keep it

will the used prices recover??

 

[splitimageview]

No, as more M10s are delivered there will be more older models on the market and prices will go lower

I learned my lesson with Leica digital depreciation with the M8. The drops are so vast it easily pays for fine Fuji gear in full. 🙂

 

[xyz3450]

An increase in supply of M240s puts downward pressure on prices; the decrease in demand puts downward pressure on prices. It is to be expected, I'm afraid. It might, too, have happened to the prices of M9? But the M240, I suppose, is the previous model and so most likely to be affected...

 

[froyd]

On the other hand, I find it pretty remarkable that the M9 still sells at just the $3000 mark. I would have thought $2300 woulbe be tracking closer to the M8 depreciation curve. Testament to the unique mix of features of that camera?

 

[michaelwj]

NO. What did you expect? A digital camera is a rapidly depreciating commodity, the M-D is a small niche product within that rapidly depreciating mass of other cameras.

I would say (totally guessing) the M-D has less than 1% of the Leica share, so 1 in 100 potential M240 buyers will potentially, maybe, want to buy an M-D. Will they pay more for it than a used M240? I wouldn't.

The only way you'll get a good price for a used M-D is to wait and/or be lucky. Waiting is a double edged sword, it might go lower (likely) but if they stop making it and don't announce a successor, then in might just if you're very very lucky and you have a mint example with all the paperwork and box go up again (unlikely). Sorry.

 

[michaelwj]

On the other hand, I find it pretty remarkable that the M9 still sells at just the $3000 mark. I would have thought $2300 woulbe be tracking closer to the M8 depreciation curve. Testament to the unique mix of features of that camera?

Maybe because all M9s have got a brand new sensor 😀 while the M8 had/has screen issues?

I'd have thought the M9 would be at $2500, the M240 at $3500, and the M-P240 at $4000. Maybe it will take a while for the M9 to drop as people slowely migrate to newer models?

 

[AusDLK]

i like the M-D

i'm just not the photographer that i used to be and decided that i couldn't justify keeping a $5000 camera that i didn't use

well, obviously the calculus changed when i wasn't looking. at least at the moment, i can justify keeping a $3800 camera that i don't use

maybe i'll find someone who will trade me an M-Monochrome for it -- that was a camera i should have kept

 

[Godfrey]

I prefer the M-D to the M10. I am interested in getting a second M-D body, but have to move some other gear to afford it.

That said, I really don't care what new model buying frenzy does to prices at all. If I was unhappy enough with the M-P or M-D, I'd have sold them long ago anyway for whatever I could get. If I'm interested to pick up an M10, I'll do it when the frenzy has settled down.

G

 

[splitimageview]

Depreciation only matters if one sells.

Why not just use your M-D?

 

[Ko.Fe.]

will the used prices recover??

Could be. Those who wanted M10 now are fire selling their older ones, but used M market isn't big and newer was.
I think, next what might happen is end of fire sale and new owners of used M getting hold into their cameras. It should take fall effect away and prices will decline just by time factor. Or stay for sometime, if not increase.
Leica, if smart enough, should hold with any new cameras for next few years and benefit from selling of old M240 (still at very high price) and new M10.
Within next few years Leica will have enough technology available to make M11 as small as M3 and owners of M10 will be on fire sale again. 😉
Of course it all could change if someone else comes with RF on the market.
Where are some folks who are working on the digital module for film cameras. If Leica was able to squeeze same electronics into M7 film body, within few years from now someone might squeeze all electronics into film cassette attached by the ribbon cable to the sensor placed on film pressure plate. Even it could be M13-D module for 5000 USD to be installed by Leica into your Leica film camera. Hold to your film M if any. 😎

 

[benlees]

On the other hand, I find it pretty remarkable that the M9 still sells at just the $3000 mark. I would have thought $2300 woulbe be tracking closer to the M8 depreciation curve. Testament to the unique mix of features of that camera?

I've been watching prices here on rff for the last few months and there have been several in $2500 range.

And an M240 just sold for $2700

 

[surfnsnow]

On the flip side, I picked up a used M240 for 3K a couple of weeks after the M10 announcement. It's been a dream of mine to own a digital M since 2009. In a few months maybe I'll feel like I overpaid - but I don't care. I will have been shooting and enjoying myself during that time. Even if the M240 goes to $0 in 3 years, I'll still be happily shooting it.

BTW, I had to sell a few things to get it - some jazz records, a couple of surfboards and a MacBook. While the records had appreciated a bit, the surfboards and computer most definitely had not! I got 500 for my MacBook which I had paid 2K for a few years ago. Oh well.

 

[BillBingham2]

I'm hoping the a used FF M will drop in price to around $1,000 USD so I can jump back in.

I'd be happy with any of them, Monochrome, M-D, just so long as it's FF.

B2 (;->

 

[KM-25]

I got my 240 used two years ago for $4,000 and it has been flawless. Thankfully I use it strictly for business so it has paid for it self already. I did put a pre-order in through Tamarkin for the M10 but it may take awhile so whatever hit I take on the 240 will be the hit I take, that's digital for you.

I could easily keep the 240 too, it just works and works and works.

 

[AusDLK]

(i) bitch bitch bitch

then all of a sudden a $4000 and $4200 offer on eBay almost simultaneously

i countered at $4220 (i keep the Thumbs-Up and extra battery) and it's SOLD

after fees, though, i'll probably only clear that ~$3800 figure i mentioned

oh well... i'll move on and use my X-Pro2 and M film cameras for awhile

 

[uhoh7]

It all sounds like very good news to me. 🙂

M240 for USD 2500, finally almost a reasonable price.

 

[Archlich]

(i) bitch bitch bitch

then all of a sudden a $4000 and $4200 offer on eBay almost simultaneously

i countered at $4220 (i keep the Thumbs-Up and extra battery) and it's SOLD

after fees, though, i'll probably only clear that ~$3800 figure i mentioned

oh well... i'll move on and use my X-Pro2 and M film cameras for awhile

What about the M10 now?

 

[Huss]

How's this bad news? This is great news! You'll be able to pick up an M240 for under $3K and won't be able to tell the difference in the pics you take between that and the M10.

 

[bizarrius]

what did you expect from a digital body?
doomed to carry the same film for all eternity, doomed to care about battery life, doomed to take pictures instead of photographs.
digital is sad and should be even cheaper than what it is.

 

[bucs]

M240 + 35 cron asph selling for $4,500
Monochrom + 35 cron asph selling for $4,500

These are posted on Leica Classifieds facebook group