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FORUMS Marketplace & Market Info Market Watch 
Thread started 17 Sep 2013 (Tuesday) 14:42
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Where is Big Value (on eBay) getting all these lenses so cheap?

 
jrbdmb
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Sep 17, 2013 14:42 |  #1

I'm really surprised at a few of the Big Value Inc. / eBay prices I have been seen at CPW recently.

For example, the Canon 70-300 IS (non-L) costs $623 and up at all of the authorized dealers, but BVI has it for $343. The 18-135 STM is $527 at authorized dealers but $408 at BVI.

I get how places like BVI can split off a kit lens like the 24-105L and sell it cheaper than a retail boxed version. But I wasn't aware that the 70-300 was a kit lens, and I don't understand where they are buying it so cheap that they can sell it for about 50% of retail. How do they do it?


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rpaul
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Sep 17, 2013 14:46 |  #2

Aren't they grey market? That's probably the difference.


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jrbdmb
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Sep 17, 2013 14:53 |  #3

Well, that *can* be one thing - from what I've read some buyers get gray market, others get USA product, and their auctions never state one way or the other.


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KHAWACHEN
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Sep 17, 2013 15:24 |  #4

pretty sure they are all grey market but i don't know how to explain how they sometimes include USA/Canada warranty card in the box....?:rolleyes::rolleyes::rolleyes:




  
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aegid
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Sep 17, 2013 15:26 |  #5

Warranty card with matching numbers, no less. Friends got 5D3s with matching warranty cards and US accessories.


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Rstanford
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Sep 17, 2013 15:32 |  #6

They buy them from canon, I bet it costs $100 tops to produce that lens.




  
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HogansHeroes
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Sep 17, 2013 19:25 |  #7

Rstanford wrote in post #16304528 (external link)
They buy them from canon, I bet it costs $100 tops to produce that lens.


Probably around that area,I have seen that lens sell new for less than 300 at times in the bay.


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iazybandit
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Sep 17, 2013 19:45 |  #8

Rstanford wrote in post #16304528 (external link)
They buy them from canon, I bet it costs $100 tops to produce that lens.

If they were buying from Canon, they would be authorized resellers. Since they aren't, they're not buying their stuff from Canon.


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Rstanford
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Sep 17, 2013 19:59 |  #9

"Authorized resellers" buy from canon usa, which is who honors the warranty, canon usa is an importer of canon equiptment, they don't manufacture anything, canon inc. is who manufactures the camera, big value is probaly importing the cameras, companies like big value go around and buy large quantities of stuff and resell it for a very small profit, they make there money from selling large quantities, they would rather make $2 per camera and sell 100 of them in a day, where large retailers make $100 per camera and only sell 1 or 2 a day.




  
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Justaddwata
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Sep 17, 2013 22:02 |  #10

What you save on price you will certainly give up on service and support. From my experience - BVI are very misleading and unscrupulous in what they tell buyers of their gray market goods.

If it looks too good to be true.......


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bps
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Sep 17, 2013 22:40 |  #11

^^ I agree. I can't believe that (it seems like) I'm the minority around here. I find so many people defending BVI these days versus how things were a couple of years ago: when people realized when a deal was too good to be true.

Why am only I, and a couple of others, beating the only drum?

Bryan


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KeyserSoze1
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Sep 17, 2013 22:51 |  #12

It's because satisfied BVI customers outnumbers the few that complained. And most importantly, they offer the bets deal in the market.


Even for a grey market, their prices are A LOT cheaper than paying for a used item which essentially offers the same warranty for the most part, "None". For example: 5D3 at BVI runs for $2500.00 vs $2700-$2900 for the same camera used on the open market.


It's a risk that a lot of people take and a good number are pretty happy, a lot of consumers would rather put their egg on BVI's basket than some random seller on the internet.


Keep in mind that people who normally buys from BVI are simply those who cannot or would not fork extra few hundred $$$ thus making their deal a lot more attractive or reasonable.


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bps
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Sep 17, 2013 22:59 |  #13

You have a very good point there. Used cameras have absolutely zero warranty, so I can see the answer clearly from your point of view.

I was fortunate enough to get my MIII 14 months ago from an authorized dealer for $2,580, so I feel pretty darn fortunate.

Bryan


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gtrag94
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Sep 17, 2013 23:14 |  #14

Profit margin on Canon gear is very low. My local camera shop owner said that when 5D3's came out ($3500 MSRP), they bought them for $3000. 600EX-RT's were around $600 MSRP with only a $100 profit. Definitely not the usual 100% markup for retailing smaller items. Nikon gear has much higher profits and sales support (posters, advertisements, shirts, notepads, etc).


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iazybandit
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Sep 17, 2013 23:27 |  #15

KeyserSoze1 wrote in post #16305543 (external link)
It's because satisfied BVI customers outnumbers the few that complained. And most importantly, they offer the bets deal in the market.


Even for a grey market, their prices are A LOT cheaper than paying for a used item which essentially offers the same warranty for the most part, "None". For example: 5D3 at BVI runs for $2500.00 vs $2700-$2900 for the same camera used on the open market.


It's a risk that a lot of people take and a good number are pretty happy, a lot of consumers would rather put their egg on BVI's basket than some random seller on the internet.


Keep in mind that people who normally buys from BVI are simply those who cannot or would not fork extra few hundred $$$ thus making their deal a lot more attractive or reasonable.

Yes, in a sense used gear have no warranty. However, used gear can be serviced and fixed for a price. Grey markets can not be.


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Where is Big Value (on eBay) getting all these lenses so cheap?
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