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FORUMS Canon Cameras, Lenses & Accessories Canon EF and EF-S Lenses 
Thread started 18 Jul 2011 (Monday) 10:13
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Prices - wow. Canon lenses the new gold trade?

 
hollis_f
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Jul 29, 2011 07:37 |  #46

danmix wrote in post #12842200 (external link)
Aus list 3200 aud Street about 3K Grey 2.8K

How much of that is taxes?


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danmix
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Jul 29, 2011 07:48 as a reply to  @ hollis_f's post |  #47

10% GST and minimal other taxes....


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Amamba
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Jul 30, 2011 12:45 |  #48

danmix wrote in post #12842200 (external link)
it's pure economy - until the US sorts out it' debt position prices will continue to rise. ---

Unfortunately, given the hordes of ideology-driven idiots with no understanding of basic macroeconomics that we've elected to Congress, the things will likely only get worse.

Luckily, I now have every lens that I wanted, so I'm set up for quite a while.

If you're thinking of buying a lens, don't wait - I don't see the prices dropping any time soon.


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wombatHorror
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Jul 30, 2011 13:41 |  #49

liupublic wrote in post #12841368 (external link)
Based on the change in exchange rate and inflaction, 2011 price is actually a bargain.

Increase is $1000 or 26%.

For the last 5 yrs, Exchange rate difference is about 33%. Inflation is ~2.5% per year or 13% over 5 years. That lens should have cost $5700 USD instead. Additionally demand is higher now than 5 yrs ago since DSLR has become much more popular now.

You have not semmed anything yet. If the debt ceiling does get raise next week, USD will drop another 10-15% when rating agency cuts US bond rating.

I thought that the companies tended to deal inlocal currency and have quite a lot of buffer as to various currency changes, but anyway, whatever the reason is immaterial to the buyer, the price is still higher even taking inflation into account. The price on it also didn't go up at all the prior five years AFAIK.

Yeah, I am getting a little worried the Tea Party might send us over the precipice now and kinda worried what happens to stock market, if so, what if it collapses like 20-40%.




  
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Amamba
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Jul 30, 2011 13:49 |  #50

wombatHorror wrote in post #12848680 (external link)
I thought that the companies tended to deal inlocal currency and have quite a lot of buffer as to various currency changes, but anyway, whatever the reason is immaterial to the buyer, the price is still higher even taking inflation into account. The price on it also didn't go up at all the prior five years AFAIK.

Yeah, I am getting a little worried the Tea Party might send us over the precipice now and kinda worried what happens to stock market, if so, what if it collapses like 20-40%.

More like 150% and I am not exaggerating. The last recession the market dropped over 50%, but the dollar was still considered a "real currency", and US gov't and private bonds were still selling like hot cakes. If these idiots cause a default, think of Weimar Republic in the early 1930s - may be not quite as bad, but along the same lines.


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SamuelYCWang
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Jul 30, 2011 15:47 |  #51

I remember buying my 50/1.4 for $325 @ BH. Today when I check, its $450! That's almost a 40% increase! Buying a new lens back then hurts my wallet enough already, nowadays, I need to donate blood and sell a kidney just to get one. sigh!


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MilesW
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Jul 30, 2011 17:40 |  #52

Top that all off with what passes for quality control in even the Japanese factories now a day and you have a lot of earned money down the tubes. We thought our manufacturing companies would learn about quality control issues from them. Seems they have adapted to the crap shoot American way instead.


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ROGERWILCO357
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Jul 30, 2011 19:40 |  #53

everyone complains but does anyone do anything about it ? Seems the idiots that have this country politicians where it is today can afford to buy any Lens 10x over and shoot their kids playing at the beach at the Hamptons or the vineyard when ever they choose heck they probably have the 5dmkii with the 70-200mm mkii and gitzo setup shooting using the green button only because they can we elected them or did we? How do they get so rich and powerful? sorry for going on and on just keep reading how are money is paper now and not currency like it used to be..even canadian money is stronger lol..


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tkbslc
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Jul 30, 2011 19:53 |  #54

Seems the biggest problem is pessimism.


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mguffin
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Jul 30, 2011 19:59 |  #55

djentley wrote in post #12778718 (external link)
:lol:

I'm in the lucky position of selling a perfectly good lens, an 85mm 1.8.

The local store does trade ins and offered $200 for it. I told them to stick a-

I'm not sure why anyone would trade equipment in to a store... My local store won't take a trade exactly, they will sell it for you on consignment and take either 40% if you want the cash, or 20% if you want store credit... and that's after it sells... they have a G10 for $449, and a gripped 5D for $1500... those people are never going to get their money...


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LePhotog
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Jul 30, 2011 20:23 |  #56

sad that i had to buy a used lens(but it was almost new) for the price of the used lens a few years ago.


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Amamba
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Jul 30, 2011 21:47 |  #57

tkbslc wrote in post #12849839 (external link)
Seems the biggest problem is pessimism.

No, the biggest problem is ignorance. Most people have no clue about just how fragile the world's economy - not just here in the US - is right now. This problem has been about 20-25 years in the making and it's about to hit the fan.

Anyway, this is off-topic... Coming back to lens prices - I just don't see them going anywhere but up in the mid term.


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mguffin
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Jul 30, 2011 22:05 |  #58

Amamba wrote in post #12850207 (external link)
No, the biggest problem is ignorance. Most people have no clue about just how fragile the world's economy - not just here in the US - is right now. This problem has been about 20-25 years in the making and it's about to hit the fan.

I agree. I think because of that, to get back on topic, the market for used, quality items, is moving up, because the price of top quality new items are just too high...

BTW, I love the RTFM reference in your sig... that is my mantra...


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tkbslc
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Jul 30, 2011 22:17 |  #59

Amamba wrote in post #12850207 (external link)
No, the biggest problem is ignorance. Most people have no clue about just how fragile the world's economy - not just here in the US - is right now. This problem has been about 20-25 years in the making and it's about to hit the fan.
.


The more fear and pessimism we have, the less we invest in the economy and the worse off it becomes. It's a self fulfilling prophecy and self feeding spiral. For those who refuse to believe how terrible the world is, there is a great and even very profitable future. Too bad we've all turned into a bunch of whiners.

The plus side of the weak dollar is that it encourages local trade and exports. Those are not bad things. Importing is really not that great for an economy, so a strong dollar is only good for those of us with Japanese hobbies.


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XxDJCyberLoverxX
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Jul 30, 2011 22:26 |  #60

Well, the lens/camera prices here does reflect the increase in prices in the States after you apply the exchange rate. Of course, there are a few outliers, where it seems to be overly expensive here than in the States (or vice versa).

For example:
* Sigma 50mm is 44,800JPY, which is about $574 in the States
* Sigma 85mm is 74,000JPY, which is about $964
* 135L is 94,800JPY, which is about $1,235!!!
* 5D2 is 189,800JPY = $2,474

Be happy that Canon hasn't raised the prices even higher yet.


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Prices - wow. Canon lenses the new gold trade?
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