Rick_ford55
Member
Just watched a couple of 5d mk3's going on eBay here in the uk for around the £1100 pound mark. Totally shocked they have lost so much value here in just a few months....anyone got any ideas why they have gone down so fast?
Cannot believe.....
- Thread starter Rick_ford55
- Start date
Egg Born Son
Veteran
Camera bodies always drop off fast. Not a new phenomenon. Pretty much lenses are the only thing in photography/cinematography to hold their value.
bgundu
Veteran
Samuel H
Major Contributor
Nah, I doubt more than 10% of the 5D3 bodies were sold for video.
1100 GBP is $1872. Since it sometimes goes on sale for <$2600, a second-hand body with lots of shutter actuations won't reach $2K. Three years after launch at $3500, a 25% drop in price when new, 45% when used, doesn't seem crazy at all.
1100 GBP is $1872. Since it sometimes goes on sale for <$2600, a second-hand body with lots of shutter actuations won't reach $2K. Three years after launch at $3500, a 25% drop in price when new, 45% when used, doesn't seem crazy at all.
eBay can be a strange beast.
The Nikon D7100 is going for $890 to $900 used on Fred Miranda. The prices there are usually about 10% or more less than eBay, because people save 10% to 13% in eBay an PayPal fees..
Yet on eBay here in the US, there are a ton of D7100's that sold for $700 to $850. This is the cheapest legit one recently, that sold for $700:
http://www.ebay.com/itm/Nikon-D7100...era-Black-Body-Only-NICE-Extras-/141258177784
+++
Looking on Fred Miranda, $2,100 to $2,350 seems to be the going range for used or barely used 5DIII's. So $1,800 isn't crazy low, but it is a bit lower than the "going" rate.
When I used to have a studio, I always had a yearly budget. For digital cameras, I estimated my "Cost of Ownership", either to hold an existing body, or to buy a new one.
Basically that was the depreciation on my cameras, usually calculated or estimated for 2 years, then annualized.
So in 2004, my Canon 1DsII cost $8,000. I sold it 2 years later for $5,000 (with 70,000 exposures on it) and it cost me $1,500 per year, Which was a huge, huge savings over film at the time. My 6x7 images cost me about $1 per frame. Each of the two previous years I had spent $5,000 a year on film & developing only for my personal projects (not reimbursed by clients.)
For my Canon T4i, the annual cost to own the past 2 years was about $125 per year ($250 over 2 years.)
For the T4i, that was $950 for the T4i and 18-135 STM. I sold the STM for $300 because I already had one, so the net cost fir the body was $650. The body now is worth just over $400, about $420.
The same is true for my Nikon D3200. I bought the kit new 1.5 years ago for $500 on Fred Miranda, which was a really good deal! Street price at the time was about $625-$650.
I had it for sale recently for $340, but I didn't have any takers. So figure about $300 net once I sell it. So 1.5 years = $200/1.5 = $133 per year.
I find that is pretty consistent for near-entry level bodies. Depending on when you buy, how good of a deal you get, etc.
We are getting amazing quality cameras at the entry level today too! I was very, very happy with the T4i (with the 60D auto focus.) When I stopped shooting professionally I sold my 5DIII and 1DX, and was quite happy with the T4i.
The D3200 has a great sensor, but it is pretty limited on the software side. No histograms, which I always use, and only 1 center cross-point autofocus sensor (9 cross type sensors on the T4i.) But it is still a great camera for a beginning photog, and the D5200 is more comparable to the T4i anyway. In a few more years video will be at the same point ... where a $300-$400, 1-2 generation old camera is all that you need. Once it has Slog or Clog, 10 bit, 4k, etc.
+++
You can calculate prices the same way for a "mid tier" body like the D7100 & D600 or the Canon 7D & 6D. And the same thing for the 5DIII or D800.
The D800 is going for about $2,000, more or less.
It would be best to check prices after the D810 is shipping (that is always a hidden "risk' - a new body coming out from a quick refresh like the D600 had to the D610.) But if you figure it is just a bit over 2 years old, and sold new for $3,000, that is $1,000/2 = $500 per year.
Which is also ballpark for the 5DIII. At $3,500-$2,000 = $750 per year for 2 years. Although I just saw one with 22,000 clicks (studio use) on Fred Miranda that sold for $2,400 with no extras, so that would be $1,100/2 = $550 net per year.
+++
It would be interesting to go back and have numbers for the D7000 and all of the similar cameras that have been fully replaced. Plus things like the FS700, C100, etc.
The Canon 7D is just about to be replaced. That was $1,700 when it was new 5 years ago. It is still selling used for around $800. So $1,700-$800 = $900/5 = $180, call that $200 per year.
The Nikon D7100 was $1,200 when new in April, 2013. If we call it $900 for used, that is $300 a year, maybe a little less. There were just refurbs selling at Adorama for $800. At $400 a year, or $400/14 months x 12 = $340 that is running in between the lower end and the D800.
That all is still quite a bargain by any measure! 35 mm pro color film is $.33 per frame for film & developing (at $10 per roll.)
Then "break even" at $200 per year = $200/$.33 = 600 exposures!! For the T4i and D3200, $125/$.33 = 375 exposures per year.
Now go calculate that for 35 mm film, or even 16 mm .....
Cheers!
Michael
The Nikon D7100 is going for $890 to $900 used on Fred Miranda. The prices there are usually about 10% or more less than eBay, because people save 10% to 13% in eBay an PayPal fees..
Yet on eBay here in the US, there are a ton of D7100's that sold for $700 to $850. This is the cheapest legit one recently, that sold for $700:
http://www.ebay.com/itm/Nikon-D7100...era-Black-Body-Only-NICE-Extras-/141258177784
+++
Looking on Fred Miranda, $2,100 to $2,350 seems to be the going range for used or barely used 5DIII's. So $1,800 isn't crazy low, but it is a bit lower than the "going" rate.
When I used to have a studio, I always had a yearly budget. For digital cameras, I estimated my "Cost of Ownership", either to hold an existing body, or to buy a new one.
Basically that was the depreciation on my cameras, usually calculated or estimated for 2 years, then annualized.
So in 2004, my Canon 1DsII cost $8,000. I sold it 2 years later for $5,000 (with 70,000 exposures on it) and it cost me $1,500 per year, Which was a huge, huge savings over film at the time. My 6x7 images cost me about $1 per frame. Each of the two previous years I had spent $5,000 a year on film & developing only for my personal projects (not reimbursed by clients.)
For my Canon T4i, the annual cost to own the past 2 years was about $125 per year ($250 over 2 years.)
For the T4i, that was $950 for the T4i and 18-135 STM. I sold the STM for $300 because I already had one, so the net cost fir the body was $650. The body now is worth just over $400, about $420.
The same is true for my Nikon D3200. I bought the kit new 1.5 years ago for $500 on Fred Miranda, which was a really good deal! Street price at the time was about $625-$650.
I had it for sale recently for $340, but I didn't have any takers. So figure about $300 net once I sell it. So 1.5 years = $200/1.5 = $133 per year.
I find that is pretty consistent for near-entry level bodies. Depending on when you buy, how good of a deal you get, etc.
We are getting amazing quality cameras at the entry level today too! I was very, very happy with the T4i (with the 60D auto focus.) When I stopped shooting professionally I sold my 5DIII and 1DX, and was quite happy with the T4i.
The D3200 has a great sensor, but it is pretty limited on the software side. No histograms, which I always use, and only 1 center cross-point autofocus sensor (9 cross type sensors on the T4i.) But it is still a great camera for a beginning photog, and the D5200 is more comparable to the T4i anyway. In a few more years video will be at the same point ... where a $300-$400, 1-2 generation old camera is all that you need. Once it has Slog or Clog, 10 bit, 4k, etc.
+++
You can calculate prices the same way for a "mid tier" body like the D7100 & D600 or the Canon 7D & 6D. And the same thing for the 5DIII or D800.
The D800 is going for about $2,000, more or less.
It would be best to check prices after the D810 is shipping (that is always a hidden "risk' - a new body coming out from a quick refresh like the D600 had to the D610.) But if you figure it is just a bit over 2 years old, and sold new for $3,000, that is $1,000/2 = $500 per year.
Which is also ballpark for the 5DIII. At $3,500-$2,000 = $750 per year for 2 years. Although I just saw one with 22,000 clicks (studio use) on Fred Miranda that sold for $2,400 with no extras, so that would be $1,100/2 = $550 net per year.
+++
It would be interesting to go back and have numbers for the D7000 and all of the similar cameras that have been fully replaced. Plus things like the FS700, C100, etc.
The Canon 7D is just about to be replaced. That was $1,700 when it was new 5 years ago. It is still selling used for around $800. So $1,700-$800 = $900/5 = $180, call that $200 per year.
The Nikon D7100 was $1,200 when new in April, 2013. If we call it $900 for used, that is $300 a year, maybe a little less. There were just refurbs selling at Adorama for $800. At $400 a year, or $400/14 months x 12 = $340 that is running in between the lower end and the D800.
That all is still quite a bargain by any measure! 35 mm pro color film is $.33 per frame for film & developing (at $10 per roll.)
Then "break even" at $200 per year = $200/$.33 = 600 exposures!! For the T4i and D3200, $125/$.33 = 375 exposures per year.
Now go calculate that for 35 mm film, or even 16 mm .....
Cheers!
Michael
Last edited:
combatentropy
Veteran
Is the completely uninformative subject heading of this thread some kind of Freudian slip on the current status of your psychological journey, religious or relational?
Andrius Simutis
Veteran
I think it's a byproduct of the modern media age. Soon all threads will start with the title "I looked at eBay, and you won't believe what happened next!" or "If you have a 5D3, this post will blow your mind!"
I weep for the future generations.
Haven't you learned that the only thing that matters is what equipment you own?
G
Guest
Guest
I tried to double tap this posy in approval.