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FORUMS Canon Cameras, Lenses & Accessories Canon EOS Digital Cameras 
Thread started 22 Jul 2015 (Wednesday) 13:39
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Any idea what this is worth?

 
sandpiper
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Jul 22, 2015 16:54 |  #16

Kayoss wrote in post #17640583 (external link)
Thanks! It appears that was sold over 14 years ago tho.. But it's still a good indication of the value!

EDIT: I also notice that it excludes the mandatory VAT of 17.5% meaning someone payed $916 for it 14 years ago..

They will have paid more than that, it would come to a little over $1,009. The VAT is not charged on the sale price, just on the service fees, but you have to add those fees to the hammer price as well. Christie's buyers premium is 25% so that would add $195 and then the VAT is charged on that figure, adding another $34 and change. That brings the total paid to over a grand but the seller would not get anything like that for it.

The seller also has fees to pay, these can include a cataloguing fee (particularly when a photo is included) handling fees etc., then the commission is added based on the hammer price. The commission is generally the same, or close to, the buyers premium so if we ignore the initial fees and assume 25% commission we should be about right. So, that means the seller is also charged $195 plus $34 VAT and will only take away around $550. The total fees coming to around 46% of the amount the buyer actually pays.

And people on here complain about ebay charging extortionate fees!

So, you need to balance sale prices that you find with where they were achieved, and how much of a percentage of that price you would see. The highest prices will come at dealer retail outlets and high end auctions such as Christie's, but as a private seller to the dealer, or at an auction, you would get much less. You will keep a higher proportion of the selling price if you sell through ebay, or sell privately, but that selling price may be significantly lower.




  
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Any idea what this is worth?
FORUMS Canon Cameras, Lenses & Accessories Canon EOS Digital Cameras 
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