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FORUMS Canon Cameras, Lenses & Accessories Canon EF and EF-S Lenses 
Thread started 14 Aug 2011 (Sunday) 01:54
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How much will B&H buy my 70-200 f/2.8L IS for?

 
The ­ Fox
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Aug 16, 2011 23:58 |  #31

wihakowi wrote in post #12941890 (external link)
Is that true? I see ads every day from KEH, Geo Ury, B&H, Adorama, etc. saying, " call us for a quote on your used gear." Sounds to me like they're buying and not just taking in on trade.

Actually, given this question about trade vs buying outright, I have a proposal for the OP that would let him feel that the dealer was being more than and that he was getting max value for his lens:
~ Agree to buy one of those rare Canon 1200mm f5.6 lenses from B&H ($125,000 last time I saw they had one!)
~ Offer the Canon 70-200 2.8 mkI in trade.
~ I bet they offer you $1500 in trade-in value
~ They're happy - they sold a $125k piece of glass!
~ You're happy - you got what you wanted, indeed more than you expected, in trade!
~ Downside = You need to purchase another seat on the plane back to India!

Cheers

I am talking about the shop that he works at, BH, KEH and the others do straight buying. Many smaller shops that dont have the bank account to buy things will put them up as consignment.

Nick


"I work from awkwardness. By that I mean I don't arrange things. If I stand in front of something, instead of arranging it, I arrange myself" -Diane Arbus
7D MK II Gripped | 7D Gripped |17-50mm F2.8 | 35mm F1.4 | 60mm F2.8 Macro | 135mm F2L | 70-200mm F4L IS |

  
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cacawcacaw
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Aug 17, 2011 00:52 as a reply to  @ The Fox's post |  #32

Okay, you got me wondering what this lens would be worth to me, personally, as a buyer in the United States.

KEH has a Bargain* 70-200mm f/2.8 IS for $1,429
Canon Direct Refurbished has them for $1,599 (when in stock) or $1,359 (when on sale)
eBay sold one with spots or haze on an inner element for $1,121
eBay sold another with small chips in paint, perfect glass for $1,351
eBay closed sales are mostly $1,400 - $1,600
Amazon "Used - Like New" (usually means new from a non-dealer) for $1,714

So, I'd be thinking about $1,400 as an "okay" price for a used lens.
Minus $150 for buying from a private party
Minus $200 for the front element repair
Minus $250 for the risk/hassle/resale problems associated with the scratch (and other unknowns - those lenses don't scratch easily)
So I would pay about $800 (which is probably more than a retailer would pay for it)

My numbers might be a bit lower than the next guy because I wouldn't buy an item with unknowns unless I was getting a commensurate discount.

However, if I owned it, I would have it repaired and try to sell it, with full disclosure, for between $1,400 and $1,600. Un-repaired, I would try to get $1,100 for it but wouldn't be hopeful.

If you're going to be in the United States, and if you feel that it would sell for more here than in India, you could always advertise it on Craigslist prior to your arrival and take a few moments to sell it while you're visiting.


*KEH's "Bargain" 70-79% of original condition. Shows more than average wear. May have dents, dings and/or brassing and finish loss. Glass may have marks and/or blemishes that should not affect picture quality*.)


Replacing my Canon 7D, Tokina 12-24mm, Canon 17-55mm, Sigma 30mm f/1.4, 85mm f/1.4, and 150-500mm with a Panasonic Lumix FZ1000. I still have the 17-55 and the 30 available for sale.

  
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AntonLargiader
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Aug 17, 2011 06:44 |  #33

cacawcacaw wrote in post #12949467 (external link)
So I would pay about $800

I haven't seen ANY of these lenses sell for that little. No matter the condition, the seller, the venue (OK maybe in a dark druggie-infested alley) they simply do not go that low. If it's a properly functioning 70-200 f/2.8L IS, it's a $1000+ lens.

I'd outbid you by $200, sell my equally beat-up one for $1200, have a newer lens and be $200 ahead. :)


T2i . 18-55 IS . 70-300 IS USM . 70-200 2.8L IS . 28mm 1.8 . 100 Macro . 430EX II . TT1/TT5 . Bogen/Manfrotto 3021 w/3265 ball-mount

  
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MilesW
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Aug 17, 2011 07:52 |  #34

LOL from reading the response on here if you are selling it is worth a fortune if buying hey you should give it to me with the scratch.


20D Canon EFS 17-85IS, 70-2001:4 L IS, Macro 100 F2.8, Canon 50 1.4Canon ext EF 1.4X II

  
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pixelshooter.net
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Aug 17, 2011 09:17 |  #35

So I got a quote from B&H. I mailed them the details of the lens and the photo of the scratch.

And their quote is.............

$650 bw!

So I decided to trade the lens with my local dealer here. He was ready to offer me close to what I was expecting. The 70-200mm f/2.8 MK II is a tad bit more expensive if I buy it locally, but I will certainly will not be losing as much money as I would if were to sell to B&H.


My Photography Website (external link)

  
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cacawcacaw
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Aug 17, 2011 09:43 |  #36

pixelshooter.net wrote in post #12951024 (external link)
...So I decided to trade the lens with my local dealer here. He was ready to offer me close to what I was expecting. ...

Congratulations, that's the perfect outcome.

Yes, the $800 price I came up with was low but I'm hesitant to buy used equipment unless it has a verifiable history. But the fact of the matter is that I wouldn't take a chance on that lens unless it was a real bargain. After repair/inspection by Canon, the risk goes down and my price would go up considerably.

Edit:

AntonLargiader wrote in post #12950368 (external link)
I haven't seen ANY of these lenses sell for that little. No matter the condition, the seller, the venue (OK maybe in a dark druggie-infested alley) they simply do not go that low.

pixelshooter.net wrote in post #12951024 (external link)
So I got a quote from B&H. I mailed them the details of the lens and the photo of the scratch.

And their quote is............. $650 bw! ...

Assuming a 30% markup, their selling price would be $929. Remove my $150 deduction for dealing with a private party and my price would be $950. Doesn't mean the lens is worth that little, just that it's unlikely to be sold to me or B&H. However, in the course of this thread, I didn't see anyone jumping in and offering to buy it for $1,400 or $1,200 or $1,100.


Replacing my Canon 7D, Tokina 12-24mm, Canon 17-55mm, Sigma 30mm f/1.4, 85mm f/1.4, and 150-500mm with a Panasonic Lumix FZ1000. I still have the 17-55 and the 30 available for sale.

  
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rick_reno
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Aug 20, 2011 10:32 |  #37

pixelshooter.net wrote in post #12935041 (external link)
As for selling it privately when in the US, I'm on a business visit and will not have time to coordinate a sale. I'll continue my efforts to get it sold here at home.

Thanks for your answers folks.

When you arrive, put it on CL in the city you're visiting. Offer it at a good price and it might sell. You're going to take a big hit with any store you sell it to.




  
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jrbdmb
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Aug 20, 2011 10:45 |  #38

LongDraw wrote in post #12935301 (external link)
I will guarantee there was no UV filter on the lens.

BTW- Most scratches happen with improper cleaning, not sure how a hood would prevent that...

LongDraw wrote in post #12940613 (external link)
Sure is lots of speculation on what caused the scratch.

If a UV filter was in place the damage would have been worse? Laughable!

:rolleyes:

To OP - do you recall exactly how the scratch got there?


Tools: 70D, 10-22, Tamron 24-70 VC, 70-300L, 135 f2L

  
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cassidyphuey
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Aug 20, 2011 12:18 |  #39

jrbdmb wrote in post #12967980 (external link)
:rolleyes:

To OP - do you recall exactly how the scratch got there?

Either the OP

1) Shot something way to close for comfort.
2) Put the lens in his bag without the lens cap, filter or hood.
3) Tried to clean the lens himself and in return had some debris in the cleaning cloth or lens itself...:cry:




  
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cacawcacaw
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Aug 20, 2011 12:45 |  #40

cassidyphuey wrote in post #12968373 (external link)
Either the OP

1) Shot something way to close for comfort.
2) Put the lens in his bag without the lens cap, filter or hood.
3) Tried to clean the lens himself and in return had some debris in the cleaning cloth or lens itself...:cry:

It's pretty hard to scratch a lens like that. My vote is that he was carrying it without the lens hood and swung it into the corner of a rock or a building. (Or, he forgot that he had his keys in his bag and threw the lens in without thinking.)


Replacing my Canon 7D, Tokina 12-24mm, Canon 17-55mm, Sigma 30mm f/1.4, 85mm f/1.4, and 150-500mm with a Panasonic Lumix FZ1000. I still have the 17-55 and the 30 available for sale.

  
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AntonLargiader
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Aug 20, 2011 12:56 |  #41

cacawcacaw wrote in post #12951191 (external link)
Assuming a 30% markup, their selling price would be $929. ... However, in the course of this thread, I didn't see anyone jumping in and offering to buy it for $1,400 or $1,200 or $1,100.

I suspect 30% is too low and your total $450 deduction for the scratch is too high.

If I were in the market for that lens, and in-person it checked out the way I think it does here, I'd definitely pay $1100 for it. Maybe more, but I haven't been following prices that closely.


T2i . 18-55 IS . 70-300 IS USM . 70-200 2.8L IS . 28mm 1.8 . 100 Macro . 430EX II . TT1/TT5 . Bogen/Manfrotto 3021 w/3265 ball-mount

  
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cacawcacaw
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Aug 20, 2011 13:20 |  #42

AntonLargiader wrote in post #12968515 (external link)
... I'd definitely pay $1100 for it. Maybe more, ...

You are probably more accurate in terms of what it's worth but personally I'd want a big discount before I could get excited about buying a damaged lens from an overseas seller. If I needed to have one quickly I'd probably get either a non-IS f/2.8 or an f/4 IS from Canon refurbished for the same price.

That's a tough call though. What's worth more, Image Stabilization, or an f/2.8 maximum aperture, or a guaranteed lens? I guess it depends on whether you're feeling lucky. For the same price, which would you get?

  • 70-200mm f/2.8 IS used with small scratch
  • 70-200mm f/2.8 non-IS Refurbished
  • 70-200mm f/4 IS Refurbished

Replacing my Canon 7D, Tokina 12-24mm, Canon 17-55mm, Sigma 30mm f/1.4, 85mm f/1.4, and 150-500mm with a Panasonic Lumix FZ1000. I still have the 17-55 and the 30 available for sale.

  
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rick_reno
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Aug 20, 2011 13:52 |  #43

This really worked out well.




  
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AntonLargiader
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Aug 20, 2011 14:20 |  #44

cacawcacaw wrote in post #12968640 (external link)
YFor the same price, which would you get?
  • 70-200mm f/2.8 IS used with small scratch
  • 70-200mm f/2.8 non-IS Refurbished
  • 70-200mm f/4 IS Refurbished

I think plenty of people are happy owning both the 4 and the 2.8, but if I had to choose I'd definitely want the 2.8. And since it's a low-light lens for me, I'd want the IS. These lenses are pretty tough so a few cosmetic blems don't bother me if it means I can get IS for the same money.

Oh look, that's exactly what I bought. :)


T2i . 18-55 IS . 70-300 IS USM . 70-200 2.8L IS . 28mm 1.8 . 100 Macro . 430EX II . TT1/TT5 . Bogen/Manfrotto 3021 w/3265 ball-mount

  
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How much will B&H buy my 70-200 f/2.8L IS for?
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