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FORUMS Canon Cameras, Lenses & Accessories Canon EF and EF-S Lenses 
Thread started 07 Jan 2014 (Tuesday) 18:06
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So Much For L Lens Values

 
Steve ­ Campbell
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Jan 07, 2014 18:06 |  #1

I have noticed lately that the Canon 35L 1.4 has really dropped in price on the used market. I know the new Sigma is getting great reviews, but has it's release really killed the value of the 35L that much? I picked my 35L up a few years ago for $1200 used. Not cheap but it was a fair price and around what they were selling for at the time. That level stayed pretty steady. I just saw one sell here for $850! I have seen many others lately selling for under $1000. It's still a great lens without any focus issues, but values seem to have plummeted since the Sigma came out. So much for this particular lens, which is a very nice lens might I add, holding it's value.

The Canon 24-105 is another victim. I know it's a kit lens, but this was a lens you could sell for $900-$950 not long ago. It sells for way less now. So much so that I do not see the point of selling mine.

Are we seeing a trend? What other lenses will third party makers release which will lead to the Canon equivalent dropping in value?


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5D Mark III |5D Mark II | 7D | 70-200 2.8L IS II | 24-105 | 17-40 | 300 f2.8L IS |35 1.4L | 50 1.8 | | 24 3.5 TSE II |
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mgk2
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Jan 07, 2014 18:11 |  #2
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Personally I wouldn't buy a used 35L for more than $800 when I can get a brand new Sigma 35 for ~$650...

Next victim will be Canon 50 1.4 and Sigma 50 Non-Art, I sold my Sigma 50 yesterday for $280 before it dips any further.

Sigma will probably start discounting their existing 50 to $299 soon, similar to their 30. Sell it before it's too late.




  
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drive_75
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Jan 07, 2014 18:16 |  #3

It's not a trend. Every lens have it's place. Like you, I bought my 35L used two years ago. I watched the used market for a long time and the price was always around $1150-$1250. The price like you said is now around $850-$950. Yes the Sigma 35mm was the reason for the price drop. I don't see the same thing for any other "L" lens. The 24-105mm f/4L is a different story. The market is flooded with that lens and hence the price drop. I don't really buy lens as an investment. I buy them to use and so what if the price drop, it doesn't really matter to me. The only time it matter is when I either sell or buy lens.




  
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drive_75
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Jan 07, 2014 18:30 |  #4

mgk2 wrote in post #16586512 (external link)
Personally I wouldn't buy a used 35L for more than $800 when I can get a brand new Sigma 35 for ~$650...

Next victim will be Canon 50 1.4 and Sigma 50 Non-Art, I sold my Sigma 50 yesterday for $280 before it dips any further.

Sigma will probably start discounting their existing 50 to $299 soon, similar to their 30. Sell it before it's too late.

Competitions are good for us consumer. I wish Sigma came out with their 35mm when I was in the market. 35L was the best at the time. I will not move to the Sigma now because the 35L have served me well over the last 2 years. The 35L is plenty sharp and I love it the way it is. If the Sigma was available few years ago, I may have gone that route but I won't change lens just for the sake of changing. I already have a 50mm lens that I love so when Sigma come out with their, I won't change it either.




  
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Steve ­ Campbell
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Jan 07, 2014 18:31 as a reply to  @ drive_75's post |  #5

I agree guys, I buy lenses to use, not as investments but the sustained value was nice. Personally I hope the trend continues. As for the new Sigma 50 1.4, I don't see that affecting the Canon 1.4 much as that lens only sells for about $350 used now. Could it go lower? The release by Sigma of a 24-105 had me shaking my head also as there are so many Canon versions floating around. I love my 35L and plan on keeping it. Funny how it's reputation and price plummeted when the Sigma was released. The lens is still as good as it ever was. That being said, if I was in the market for a 35 1.4 the Sigma at $899 new looks like the choice to make. What is Canon saying about all this I wonder?

Sigma needs to release better versions of some of Canon's pricey lenses, like the 24-70 2.8 II. We need a break from these high prices.


Gear List
5D Mark III |5D Mark II | 7D | 70-200 2.8L IS II | 24-105 | 17-40 | 300 f2.8L IS |35 1.4L | 50 1.8 | | 24 3.5 TSE II |
Speedlite 430 EX II |

  
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Charlie
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Jan 07, 2014 19:00 |  #6

mgk2 wrote in post #16586512 (external link)
Personally I wouldn't buy a used 35L for more than $800 when I can get a brand new Sigma 35 for ~$650...

Next victim will be Canon 50 1.4 and Sigma 50 Non-Art, I sold my Sigma 50 yesterday for $280 before it dips any further.

Sigma will probably start discounting their existing 50 to $299 soon, similar to their 30. Sell it before it's too late.

you can also wait till well after the new version arrives, and stock of the old version dries up. Sigmalux for 280 is a really great deal for the buyer.


Sony A7riii/A9 - FE 12-24/4 - FE 24-240 - SY 24/2.8 - FE 28/2 - FE 35/2.8 - FE 50/1.8 - FE 85/1.8 - EF 135/1.8 Art - F 600/5.6 - CZ 100-300 - Astro Rok 14/2.8 - Tamron 17-28/2.8 - 28-75/2.8 RXD, 70-200/2.8 VC

  
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Sirrith
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Jan 07, 2014 19:46 |  #7

Steve Campbell wrote in post #16586556 (external link)
What is Canon saying about all this I wonder?

"Maybe if we offer more compacts in fancy colours people will forget about it"


-Tom
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ejenner
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Jan 07, 2014 19:51 |  #8

Sirrith wrote in post #16586748 (external link)
"Maybe if we offer more compacts in fancy colours people will forget about it"

bw!


Edward Jenner
5DIV, M6, GX1 II, Sig15mm FE, 16-35 F4,TS-E 17, TS-E 24, M11-22, M18-150 ,24-105, T45 1.8VC, 70-200 f4 IS, 70-200 2.8 vII, Sig 85 1.4, 100L, 135L, 400DOII.
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Todd ­ Lambert
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Jan 07, 2014 19:57 |  #9

If you're buying for resale value... Then the 35L might not be what it once was... But I'm sorry, I will put my 35L against any other lens at that focal length. It's a classic piece of glass and can produce shots that can hold their own against stigma, Zeiss, whatever...

I buy my glass to make me happy... Not to resell, so I guess I just don't really care about the resale very much.




  
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Charlie
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Jan 07, 2014 20:12 |  #10

Todd Lambert wrote in post #16586765 (external link)
I buy my glass to make me happy... Not to resell, so I guess I just don't really care about the resale very much.

It's a good way to do things. I still look for deals for the gear I want, but I really wont linger about the value I lose.


Sony A7riii/A9 - FE 12-24/4 - FE 24-240 - SY 24/2.8 - FE 28/2 - FE 35/2.8 - FE 50/1.8 - FE 85/1.8 - EF 135/1.8 Art - F 600/5.6 - CZ 100-300 - Astro Rok 14/2.8 - Tamron 17-28/2.8 - 28-75/2.8 RXD, 70-200/2.8 VC

  
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KirkS518
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Jan 07, 2014 20:22 |  #11

While we're talking about used, this may eventually carry over to the new stuff, and if ti does, maybe Canon will then start doing something about it. IMO, the third party lenses (Sigma and Tamron most notably) have really been giving the pro-consumer what they want, and I'm not talking about Joe Schmoe buying a cool DSLR at Best Buy. I'm talking about avid hobbyists and semi-pros. At some point, either Canon will take notice and start putting out affordable quality lenses, or ride on their reputation like like others have into oblivion. Sorry, but the cost differences between new Canon's and 3rd parties are very difficult for most, when the differences in IQ aren't enough anymore to warrant the cost. Years ago, yes, Canon ruled in IQ, IS, and other aspects, but nowadays not so much. Look at their sensors against what Nikon and Sony are putting out.

So in a way, this could be a good thing for Canon users.


If steroids are illegal for athletes, should PS be illegal for models?
Digital - 50D, 20D IR Conv, 9 Lenses from 8mm to 300mm
Analog - Mamiya RB67 Pro-SD, Canon A-1, Nikon F4S, YashicaMat 124G, Rollei 35S, QL17 GIII, Zeiss Ikon Ikoflex 1st Version, and and entire room full of lenses and other stuff

  
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Rittrato
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Jan 07, 2014 20:33 as a reply to  @ KirkS518's post |  #12

50 1.2L is probably next with Sigma's 50 1.4 Art releasing soon. 50L's are already heavily discounted. I've seen UZ, UA and UB date codes going as low as $1125.00. When Sigma's 50 1.4 Art is released, and if it in fact shares the same philosophy of the 35 1.4 Art design, then we may very well see this lens go below the $1000 mark which is insane because 50L IMO is a great piece of glass.




  
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M_Six
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Jan 07, 2014 20:42 |  #13

My first L was a the 24-105. It's about 30% cheaper now. I bought the 70-300L and the price dropped. I bought the 24mm TS-E and the price dropped. I bought the 100mm f2.8L macro and the price dropped. Always within a month or two. Sometimes less. It happens. But all those lenses have been providing me with great images. So I'm ok with that.

But watch what I buy then wait a week. It'll be cheaper for you then.:oops:;)


Mark J.
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jvz09
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Jan 07, 2014 20:44 |  #14

what about the samyang/rokinon 35. Its supposed to be sharper than the 35L, if the guy putting it together paid attention, its china aspherical will give a sharper center and improved edges over the 35L. Other than AF, for $350 its a better deal than the L for the second hand buyer. Remember, even 300 bucks is plenty for the student, middle income, begginer to spend on a luxury as a extra lens.
For 1000 bucks one can replace two sets of tires on their vehicle and those tires will outlast some people's photography interest/hobby.

And about the type of lens a 35L is, I dont know, but I do know I'm eyeing a manual focus Nikon 35 1.4 from the 70-80's cost about $350-450 and is probs softer than the 35L wide open. But that's not the reason I'm buying it. I'm buyng it cause I got a nikon adapter, am satisfied with the great build quality of the lenses of yester-year, and most fast 35's are 2-3x. So far my biggest purchase has been a $1000 buck 5D back in 2010 NOV. Lens wise the 100f/2 was 330 and included a lenshood. Lastly, 5D's now can be had for 1/2 price. Amazing. And 5D2's and 1D's2's can be had for a reasonable amount.


5D, Eos3, 450D infrared converted at home!
Zooms: Siggy 15-30, 24-85, 35-135, 70-210/4 Primes: 28/1.8, 50/1.8, 100/2

  
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Invertalon
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Jan 07, 2014 20:50 |  #15

Have to remember the strong rebates going on the past few months... Now that those are over, resale will go back up.


-Steve
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