Cal, it was priced too low and was not the norm.
raid
Dad Photographer
It is a buyer's market now.
Soon it will be:
M8: $1000
M9: $2000
M240: $2500
Soon it will be:
M8: $1000
M9: $2000
M240: $2500
Emile de Leon
Well-known
I was laughed at...a few weeks ago..by most here on the forum..when I predicted a huge downturn in M used prices..
But..
I think the pricing is just getting realistic now..and really..for a used M cam...those thousands of $$..come on..that was a dream..
Yes.. the M10 killed all of that..as it should be..finally Leica got the cam down to reasonable size and specs..
But I would suggest..if you want to buy an M10...buy now or soon..because if our lovely president gets his way..there will be a 25% to 30% import tax on these kind of items coming into the country..and yes..that will kill a lot of sales..and businesses too..
But for an M10..priced at close to 9K..will be stupid..and a non starter for many..
But that remains to be seen..
But..
I think the pricing is just getting realistic now..and really..for a used M cam...those thousands of $$..come on..that was a dream..
Yes.. the M10 killed all of that..as it should be..finally Leica got the cam down to reasonable size and specs..
But I would suggest..if you want to buy an M10...buy now or soon..because if our lovely president gets his way..there will be a 25% to 30% import tax on these kind of items coming into the country..and yes..that will kill a lot of sales..and businesses too..
But for an M10..priced at close to 9K..will be stupid..and a non starter for many..
But that remains to be seen..
Mackinaw
Think Different
In a few years when Leica brings out the M11, we can update this thread to the “M11 has destroyed the used market.”
Jim B.
Jim B.
Calzone
Gear Whore #1
John,
No doubt. I was just responding to Ben's post. It was at a remarkable price.
Normal pricing surely is higher.
Cal
Yeah, many prices quoted in this thread are not true and the prices haven't changed much after the M10 announcement. There have been sub $4000 Monchroms for at least 6 months now. The M9 still goes for more than $2500 routinely.
mervynyan
Mervyn Yan
Picked up a m240 few weeks ago for 3k, can probably sell it for 2.5k in a year or so. So the cost of ownership is about 500 bucks.
mpaniagua
Newby photographer
Actually Leica didnt do anything, the market did.
Like everything else, it depends on market, demand/offer. If people buy them for 3k, thats the realistic price. If people dont buy them, they will come down. Easy as that. Also depends on how fast the current owner wants to sell the camera. The fact tha I cant afford a 5k-9k camera doesnt make the price stupid, just make me a poor guy
Regards.
Marcelo
benlees
Well-known
Actually, they are true. I've been watching very closely. There were two M9 for sale on the same day, side by side, in the classifieds for $2495. This was a couple months a go.
You can say low prices are an anomaly but they are merely the future price now. That is the market. If you are very patient higher prices may sell. M6 have held their value very nicely. Digital won't.
I didn't say that two cameras couldn't be sold for less than $2500. I said that they still routinely go for more.
Ok, but you've been tracking prices for how long and what evidence do you have as to the market as a whole? I think many of you that are waiting for a super cheap M240 will continue to have to wait. Yesterday's RFF ad WAS an anomaly. If there is any small format digital camera that holds its value better than all others, it is a Leica.
Calzone
Gear Whore #1
John,
I thought it was mucho cheap, and I knew it would sell fast. A boxed Leica digital (M-240) for $2695.00.
Buy low sell high. Pretty much a camera day-trade if one has the cash flow to flip the camera.
Cal
benlees
Well-known
The point is M9's sell for for $2500. If you want one for that price you can get them. That is the market. You may have to wait and be ready to pounce, if you are a buyer, but they will appear. If you are a seller and want substantially more than that, it will sell, but the seller will have to wait. Markets in used goods have many prices. Prices on RFF tend to be lower than other places, like shops and e bay. I only refer to RFF prices.
According to chatter online, Leica nailed it with M10. This could cause a faster depreciation for previous models, or it could cause more people to be introduced to all things Leica, and result in stable used prices. Time will tell. Time is not kind to old digital cameras, perhaps less so to Leicas, as mentioned; certainly not immune.
According to chatter online, Leica nailed it with M10. This could cause a faster depreciation for previous models, or it could cause more people to be introduced to all things Leica, and result in stable used prices. Time will tell. Time is not kind to old digital cameras, perhaps less so to Leicas, as mentioned; certainly not immune.
Godfrey
somewhat colored
Do note that Ebay and forum sale prices fluctuate up and down FAR more than pricing from actual dealers. Purchasing expensive camera equipment from sales on Ebay incurs significantly greater risk, and less service, than purchasing the same equipment from a good camera equipment dealer.
It's "social networking meets new camera frenzy" on Ebay.
G
It's "social networking meets new camera frenzy" on Ebay.
G
But we can both be right with what we said. You said that the prices quoted here are true. $2000 M9, $1000 M8, $2500 M240 have been stated. They are not true.
Let's remember that the M8 is 10 years old. Still $1100 - 1500 on the used market.
f16sunshine
Moderator
The more of these cameras Leica sells, the lower the resell prices will become.
There is just nothing whatsoever about Leica that makes it different than any other consumable.
I'm not sure if anyone is truly surprised by the seemingly rapid depreciation.
If they are they should not be. It's the same market force that effects any consumable item.
If one does not want to loose $1k + per year on a Leica DRF.... buy a 5year old used one rather than new..
There is just nothing whatsoever about Leica that makes it different than any other consumable.
I'm not sure if anyone is truly surprised by the seemingly rapid depreciation.
If they are they should not be. It's the same market force that effects any consumable item.
If one does not want to loose $1k + per year on a Leica DRF.... buy a 5year old used one rather than new..
froyd
Veteran
I don't really follow other digital brand, but I wonder if cameras of the same vintage from Nikon, Canon, fuji, etc depreicate at the same rate. My gut guess would be that Leicas would generally depreicate more slowly.
For instance, cameras launched in 2012:
-Leica M (240) $7,000
-Fuji X-pro $1,700
2017 approx. used pricing and depreciation from original MSRP:
-M240 $3000 -57%
-X-Pro $300 -82%
Not the beste example, I know (the 240 was just recently replace and is still for sale new) and the X-Pro is now well into its second egeneration, but at least it supports my gut feeling
For instance, cameras launched in 2012:
-Leica M (240) $7,000
-Fuji X-pro $1,700
2017 approx. used pricing and depreciation from original MSRP:
-M240 $3000 -57%
-X-Pro $300 -82%
Not the beste example, I know (the 240 was just recently replace and is still for sale new) and the X-Pro is now well into its second egeneration, but at least it supports my gut feeling
Price is so dependent on condition, box, manuals, and all the rest when it comes to Leica.
M9 value also has the new sensor factor.
M8s are surprising actually, considering age and lack of repair options.
M9 value also has the new sensor factor.
M8s are surprising actually, considering age and lack of repair options.
The difference there is that the depreciation alone is nearly 2.5x the entire cost of the Fuji
froyd
Veteran
Another one:
Nikon D800, launched in 2012 for $3000, sells used around $1000, -67%
Nikon D800, launched in 2012 for $3000, sells used around $1000, -67%
uhoh7
Veteran
The difference there is that the depreciation alone is nearly 2.5x the entire cost of the Fuji
even at 100% depreciation
What this really means is many will longer have to settle for a crop sensor, AF, faux-rangefinder with very limited lens options.
They can see what the real thing is like
At every level the digital M is completely different to X-pro et al. Notwithstanding the cheerleading and "film emulation"