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A few months ago, a friend and I were reminiscing about the old Soviet era cameras - more precisely, about their prices - and found a late 1980's Soviet clone of a Hassemblad medium format (Kiev 88CM), known appropriately in the West as Hassebladski. It cost 900r at the time or about half a year's wages for an average earner and still would have meant nothing because the Soviet MF film was of an abysmal quality and buying foreign made MF film was out of the question. In fact, most of the major Soviet features of the era were shot on the Soviet made film, which stunk as well.While there are differences between the looks of high end cameras (and certainly between high end cameras and entry-level cameras), we have moved closer to the paradigm of shooting film, where camera choice was entirely about functionality and preference on set vs the final result. One didn't opt for Panavision over Arri film cameras for the look of the footage, it was about being able to use Panavision lenses and accessories. Amongst non-Panavision cameras, the choice of Arri, Moviecam, Aaton etc was purely about comfort with the human interface of a given system i.e. viewing optics, reliability, weight and cofigurability, which would echo today's concerns about menu design, convenience features like internal ND's . The other variable was choice of film stock, which is more closely related to paradigm of which digital camera to choose, in terms of color rendition, noise/grain characteristics etc.... .
Horrific lens flaring, ultra low contrast mud lenses, hairs in the gate, gate weave, huge analog tape dropouts, mosquito noise,
it kind of reminds me of those of us who have been around long enough to have actually been alive in the 60s, 70s, and 80s, when we see TV/Film art direction, wardrobe and hair supposedly emulating or recreating those periods, they usually get it wrong. Because they weren't there and they only can research mass media not "real" stuff like family snapshots, home movies, etc...
Photo lenses are sharp but focus breathe.
There's also the question: What keeps it's value ?
Lenses always seem to be a better investment because you know you could still use them 10+ years down the road, where every camera has a built-in expiry date.
After everyone gets used to lightweight auto focus, not sure how old manual lenses will do. Maybe the classic classics will retain some value.
Of course an AF focus motor could suddenly bring MF glass back, causing a second boom once AF is well established!