nikonians

Even though we ARE Nikon lovers,we are NOT affiliated with Nikon Corp. in any way.

| |

Sign up Login
Home Forums Articles Galleries News Workshops Shop Recommended
members
All members Wiki Contests Vouchers Apps Newsletter THE NIKONIAN™ Magazines Podcasts Fundraising
Go to a  "printer friendly" view of this message which allow an easy print Print Go to the page which allows you to send this topic link and a message to a friend Email this topic to a friend
Forums Lobby CAFÉ English Café (Public) topic #86900
View in linear mode

Subject: "Popular Lenses Phenomenon" Previous topic | Next topic
CaptainYooh Silver Member  Calgary, CA  Nikonian since 27th Oct 2011 Wed 06-Feb-13 05:39 PM
316 posts Share on Facebook Share on Twitter Share on Linkedin    Click to send email to this author Click to send private message to this authorClick to view this author's profile
"Popular Lenses Phenomenon"
Thu 07-Feb-13 10:42 PM by CaptainYooh


I noticed that some Nikon lenses are incredibly popular and continuously fetch re-sale prices closely approaching their new prices. I am not talking about some out-of-production or rare lenses, no. These are lenses still being produced and available at most respectable stores. On any given day, one can find hundreds of 50mm/1.4 AF-D's, which is a good lens, at bargain basement prices on e-Bay; yet, a marginally better Chinese-made 50mm/1.4G AF-S is rarely re-sold and when it is, re-sells for close to $450+shipping cost. A new one is available from most dealers in North America for $520 with 5-yr warranty that is not transferable. Another example: 105mm/2.0 AF-D DC - $1,050 at the stores new, $850-950 - used on e-Bay. 24-70/2.8 is another one and there are other good illustrations. At the same time, some other decent lenses (e.g. 18-200, 70-300 etc.) seem as if everyone is trying to dump them with re-sell prices lingering at 50% mark compared to new; thus, reflecting this unpopularity accordingly. I fully understand the supply-demand relationships, but this defies logic for me. Not many particular kind of lenses on the re-sale market suggests that people like them and want to hang onto them. Great, understandable. But the supply of new lenses of this same kind is there! It is neither hindered nor reserved. What prompts people to pay this much for re-sale considering significant loss of value associated with non-transferable warranty (at least in Canada it is not transferable)?

Visit my Nikonians gallery.

Visit my Nikonians gallery.

  

Alert Print | Reply | Quote | Top

Replies to this topic
Subject Author Message Date ID
Reply message RE: Popular Lenses Phenomenon mklass Platinum Member As a semi-professional involved in all manner of photographic genres including portraiture, sports, commercial, and events coverage, Mick is always ready to help Nikonians by sharing his deep knowledge of photography and printing. Donor Ribbon awarded for his generous support to the Fundraising Campaign 2014
06th Feb 2013
1
Reply message RE: Popular Lenses Phenomenon CaptainYooh Silver Member
06th Feb 2013
2
     Reply message RE: Popular Lenses Phenomenon Indigo586
06th Feb 2013
3
     Reply message RE: Popular Lenses Phenomenon mklass Platinum Member As a semi-professional involved in all manner of photographic genres including portraiture, sports, commercial, and events coverage, Mick is always ready to help Nikonians by sharing his deep knowledge of photography and printing. Donor Ribbon awarded for his generous support to the Fundraising Campaign 2014
07th Feb 2013
4
          Reply message RE: Popular Lenses Phenomenon CaptainYooh Silver Member
07th Feb 2013
5
               Reply message RE: Popular Lenses Phenomenon mklass Platinum Member As a semi-professional involved in all manner of photographic genres including portraiture, sports, commercial, and events coverage, Mick is always ready to help Nikonians by sharing his deep knowledge of photography and printing. Donor Ribbon awarded for his generous support to the Fundraising Campaign 2014
07th Feb 2013
6
Reply message RE: Popular Lenses Phenomenon Covey22 Moderator Expert in various fields including aviation photography Awarded for his contributions to the Resources and The Nikonian eZine
07th Feb 2013
7
Reply message RE: Popular Lenses Phenomenon SweetMK
07th Feb 2013
8
Reply message RE: Popular Lenses Phenomenon BR
08th Feb 2013
9
Reply message RE: Popular Lenses Phenomenon Martin Turner Moderator Expert professional PJ & PR photographer
08th Feb 2013
10
Reply message RE: Popular Lenses Phenomenon CaptainYooh Silver Member
08th Feb 2013
11
     Reply message RE: Popular Lenses Phenomenon KnightPhoto Gold Member
14th Feb 2013
12
Reply message RE: Popular Lenses Phenomenon nrothschild Neil is an expert in several areas, including camera support
14th Feb 2013
13

mklass Platinum Member As a semi-professional involved in all manner of photographic genres including portraiture, sports, commercial, and events coverage, Mick is always ready to help Nikonians by sharing his deep knowledge of photography and printing. Donor Ribbon awarded for his generous support to the Fundraising Campaign 2014   Tacoma, US  Nikonian since 08th Dec 2006 Wed 06-Feb-13 06:09 PM
6406 posts Share on Facebook Share on Twitter Share on Linkedin    Click to send email to this author Click to send private message to this authorClick to view this author's profile
#1. "RE: Popular Lenses Phenomenon"
In response to Reply # 0



I think it is all a question of perceived value as well as supply and demand.

All the lenses you mention would be considered "pro", current model lenses. As people move up, they want to sell their "consumer" and kit lenses and get "pro' glass. Rarely do people go the other way.

The value of the "pro" lenses is perceived as being higher and people are willing to pay more and ask for more. Sometime those lenses, like the DC lenses, are not available due to limited production runs.

Value is based on what a sell is willing to agree to sell for and a buyer is willing to pay. You may not agree with that being a good value for you, but enough people in the marketplace think it is right to set a typical price.

Mick
http://www.mickklassphoto.com
or
Visit my nikonians gallery

  

Alert Print | Reply | Quote | Top

    
CaptainYooh Silver Member  Calgary, CA  Nikonian since 27th Oct 2011 Wed 06-Feb-13 09:10 PM
316 posts Share on Facebook Share on Twitter Share on Linkedin    Click to send email to this author Click to send private message to this authorClick to view this author's profile
#2. "RE: Popular Lenses Phenomenon"
In response to Reply # 1



I wasn't questioning the value of a good lens at all, Mick. I am puzzled as to why would anyone pay $450 for a used lens without a warranty, when a new one is readily available at $520 with 5-yr warranty.

Visit my Nikonians gallery.

Visit my Nikonians gallery.

  

Alert Print | Reply | Quote | Top

        
Indigo586   US  Registered since 25th Jan 2013 Wed 06-Feb-13 09:17 PM
570 posts Share on Facebook Share on Twitter Share on Linkedin    Click to send email to this author Click to send private message to this authorClick to view this author's profile
#3. "RE: Popular Lenses Phenomenon"
In response to Reply # 2



I would rather have a 50mm f/1.4 AF-D made in Japan than the G

  

Alert Print | Reply | Quote | Top

        
mklass Platinum Member As a semi-professional involved in all manner of photographic genres including portraiture, sports, commercial, and events coverage, Mick is always ready to help Nikonians by sharing his deep knowledge of photography and printing. Donor Ribbon awarded for his generous support to the Fundraising Campaign 2014   Tacoma, US  Nikonian since 08th Dec 2006 Thu 07-Feb-13 12:49 AM
6406 posts Share on Facebook Share on Twitter Share on Linkedin    Click to send email to this author Click to send private message to this authorClick to view this author's profile
#4. "RE: Popular Lenses Phenomenon"
In response to Reply # 2



I imagine some people value saving the $70 (about 15%) of the cost of the lens.

I have never sent a lens in for warranty repair. I have sent lenses in for repair due to impact damage, but that isn't a warranty item. I have had lenses that were defective when i bought them and they were returned or replaced under the terms of sale.

About 1/2 of the lenses that I have bought have been pre-owned. Of those, only 1 was in need of repair due to impact damage that the seller did not disclose and would not acknowledge.

So, in my experience, saving money by buying good, used, non-warranty lenses isn't much of a risk. I wish I could save 15% on everything.

Mick
http://www.mickklassphoto.com
or
Visit my nikonians gallery

  

Alert Print | Reply | Quote | Top

            
CaptainYooh Silver Member  Calgary, CA  Nikonian since 27th Oct 2011 Thu 07-Feb-13 02:28 AM
316 posts Share on Facebook Share on Twitter Share on Linkedin    Click to send email to this author Click to send private message to this authorClick to view this author's profile
#5. "RE: Popular Lenses Phenomenon"
In response to Reply # 4
Thu 07-Feb-13 08:19 PM by CaptainYooh


Well, that is the only reasonable explanation that I could come up with as well but it is still a stretch for me to accept. My colleague had to send his 28-70/2.8 AF-S for repairs when the AF stopped working and it was nearly $400 bill.

Visit my Nikonians gallery.

Visit my Nikonians gallery.

  

Alert Print | Reply | Quote | Top

                
mklass Platinum Member As a semi-professional involved in all manner of photographic genres including portraiture, sports, commercial, and events coverage, Mick is always ready to help Nikonians by sharing his deep knowledge of photography and printing. Donor Ribbon awarded for his generous support to the Fundraising Campaign 2014   Tacoma, US  Nikonian since 08th Dec 2006 Thu 07-Feb-13 02:44 AM
6406 posts Share on Facebook Share on Twitter Share on Linkedin    Click to send email to this author Click to send private message to this authorClick to view this author's profile
#6. "RE: Popular Lenses Phenomenon"
In response to Reply # 5



I gues it just depends on you experience with needing lens repairs.

Mine don't fail under warranty. I break them by dropping them and I need to pay regardless. And $400 is typical.

Mick
http://www.mickklassphoto.com
or
Visit my nikonians gallery

  

Alert Print | Reply | Quote | Top

Covey22 Moderator Expert in various fields including aviation photography Awarded for his contributions to the Resources and The Nikonian eZine   US  Charter Member Thu 07-Feb-13 06:08 PM
10929 posts Share on Facebook Share on Twitter Share on Linkedin    Click to send email to this author Click to send private message to this authorClick to view this author's profile
#7. "RE: Popular Lenses Phenomenon"
In response to Reply # 0



Not a generalization, but I note that most eBay shoppers aren't savvy enough to used-market brokers or other resale sites to note that they're paying nearly retail rates for used equipment as you observed. It's simply a case of Hey I got it on eBay, I landed a bargain! Indeed...for the seller!

"Toodle-loo from Covey22!"

-Armando
Nikonians Team
Nikonians News - Fresh Everyday!

The Covey Blog!

My Plan:

Get out of the car.
Get closer to the subject.
Pick the right mid-tone this time.

See My Nikonians Gallery

  

Alert Print | Reply | Quote | Top

    
SweetMK   US  Registered since 23rd Jan 2013 Thu 07-Feb-13 09:15 PM
65 posts Share on Facebook Share on Twitter Share on Linkedin    Click to send email to this author Click to send private message to this authorClick to view this author's profile
#8. "RE: Popular Lenses Phenomenon"
In response to Reply # 7



Yes it does happen, and it is not a new phenomenon.

I went to an auction in 1975 where over 100 farm tractors sold each for a price greater than the cost new at a dealer.

We were amazed, the tractors were used, many with defaced serial numbers.

It is more a situation of novice buyer than anything else.

Or excitement of the moment, something causes it.

The internet causes amazing things to happen, doesn't it?

  

Alert Print | Reply | Quote | Top

BR   Glen Mills, US  Registered since 17th Nov 2006 Fri 08-Feb-13 01:14 AM
542 posts Share on Facebook Share on Twitter Share on Linkedin    Click to send email to this author Click to send private message to this authorClick to view this author's profile
#9. "RE: Popular Lenses Phenomenon"
In response to Reply # 0



I've noticed too how people pay almost new prices for used lenses. In some cases it may be the last minute auction frenzy where people don't want to be outbid. That tends to raise prices above what might be a more rational level.

In assessing the price of a mint condition used lens, I would use the grey market new lens price as the comparison point.

The other thing I've observed on sites like Amazon is that there are sometimes listings for a used item with a ridiculously astronomical price. I always wondered if any of those listings ever sell out.

Barry

  

Alert Print | Reply | Quote | Top

Martin Turner Moderator Expert professional PJ & PR photographer   Bidford on Avon, UK  Nikonian since 20th Jun 2006 Fri 08-Feb-13 10:43 PM
4656 posts Share on Facebook Share on Twitter Share on Linkedin    Click to send email to this author Click to send private message to this authorClick to view this author's profile
#10. "RE: Popular Lenses Phenomenon"
In response to Reply # 0



I would take an AF-S lens over a D lens any day. Remember that D lenses won't autofocus on many of the lower end Nikon models.

I also agree with the point about warranty. I've never had any Nikon equipment fail under warranty.

M A R T I N • T U R N E R
http://art.martinturner.org.uk
http://www.martinturner.org.uk

Nikonians membership: my most important photographic investment, after the camera

My Nikonians blog, Learning from the Portrait Masters, http://blog.nikonians.org/martin_turner/

  

Alert Print | Reply | Quote | Top

    
CaptainYooh Silver Member  Calgary, CA  Nikonian since 27th Oct 2011 Fri 08-Feb-13 11:13 PM
316 posts Share on Facebook Share on Twitter Share on Linkedin    Click to send email to this author Click to send private message to this authorClick to view this author's profile
#11. "RE: Popular Lenses Phenomenon"
In response to Reply # 10
Fri 08-Feb-13 11:28 PM by CaptainYooh


This is going a bit off-topic now , but Nikon equipment, as any other equipment does break occasionally (and unfortunately). I did have issues with AF on my D3X that needed extensive, and expensive, repairs within the first year of ownership (it was done under warranty). This is not a lens, granted, but you'd mentioned "Nikon equipment". Warranty is a huge factor for me, personally. This is like people who do and don't buy insurance. Peace of mind definitely carries a value premium for me.

Visit my Nikonians gallery.

Visit my Nikonians gallery.

  

Alert Print | Reply | Quote | Top

        
KnightPhoto Gold Member  Alberta, CA  Nikonian since 18th Dec 2006 Thu 14-Feb-13 02:57 AM
4576 posts Share on Facebook Share on Twitter Share on Linkedin    Click to send email to this author Click to send private message to this authorClick to view this author's profile
#12. "RE: Popular Lenses Phenomenon"
In response to Reply # 11



I agree the 5-year lens warranty is a big factor for me, so I buy new if the lens I am buying is something that is other than a stop-gap or stepping-stone. I did buy a lot of used lenses on my way up though, and was able to resell them for little loss.

I've had my 500VR in the shop twice on warranty (broken metal ring that holds the tripod foot, and blown AF motor). No charge and no shipping cost (walked it down to my local dealer both times).

Best regards, SteveK

'A camera is an instrument that teaches people how to see without a camera.' -- Dorothea Lange
My Nikonians gallery
My Nikonians Blog

  

Alert Print | Reply | Quote | Top

nrothschild Neil is an expert in several areas, including camera support   US  Registered since 25th Jul 2004 Thu 14-Feb-13 09:54 PM
10916 posts Share on Facebook Share on Twitter Share on Linkedin    Click to send email to this author Click to send private message to this authorClick to view this author's profile
#13. "RE: Popular Lenses Phenomenon"
In response to Reply # 0



The list of lenses you list are all current lenses, and very well built lenses. And lenses without obvious and reasonably affordable upgrade paths.

(I don't consider the 200/2 as a "reasonably affordable" upgrade to a 70-200/2.8, for example, and as a prime it is really a different and far more specialized tool for a far more specialized job)

70-300/5.6's are traded for 70-200/2.8. AF-D lenses are traded for AF-S lenses, for the reason Martin and others suggest.

If the 50/1.4 AF-S were upgraded to a 50/1.4 AFS/VR, I suspect it would also suffer a lot of price depreciation as long as the new VR model was not too much higher priced.

I mention VR because it is the only obvious big bullet feature I could think of to add to the current AF-S model.

It would be nice to see if the 105 and 13 5DC lenses take a big dive if they are ever replaced with similar DC featured AFS lenses. I've always wanted to play with one of those, at a price.

The 85/1.4 AF-D might be an exception to the way I classified things. It seems to have held value very well last time I looked. But the new AF-S version is quite pricey indeed, and takes things well out of the $1000 price point of the AF-D model into what I think is a very different level.

_________________________________
Neil


my Nikonians gallery.

  

Alert Print | Reply | Quote | Top

Forums Lobby CAFÉ English Café (Public) topic #86900 Previous topic | Next topic