Canon Camera Prices

A friend of mine purchased a new Canon 1dx in Feb last year, he got a good deal at the time with a spare battery and a bag from a well known UK Store for £5,000. It was at the same time I purchased the Canon 70-200 f/2.8 MkII lens. I recall he used it less than a dozen times. He sold it on e-bay last week with 8000 shutter actuations. It was absolutely mint, boxed, accessories unused, came with an extra battery and a £80 high speed 32G/b flash card to get the new owner going. Also had 1 months warranty left. The Camera sold for £2,950. After e-bay fees he came away with approx £2,650. He sold it because he said he got more enjoyment and good results from his 50x zoom fuji Finepix bridge camera.

The depreciation shocked me, knowing that he got just over half back what he paid for it. It made me think what can my lens be worth now as I purchased it on the same day. After checking the prices the depreciation is not that much. I was also very surprised to see that there are so many 1dx bodies for sale. If I had the money I would of purchased it as I can't see it depreciating much more.

I have owned my 1ds3 for over 4 and a half years and the results I get from it still amazes me. I will continue to invest my money in NEW Glass but it’s got me thinking that my next body will be Used as there are so many bargains out there to be picked up.
Another guy I was speaking to bought a used 1d4 one year ago for £1500, he is looking to get his money back after putting 20,000 clicks on the shutter. Zero depreciation.
I’m interested in other members views on this subject.

It's a well-known fact that most L lenses hold their value and bodies depreciate.
You have to realize that bodies get updated from 1-3 years depending on the model (except the 7D which took 5 years I think) and lenses generally get updated between anywhere from 7 to 15 years.

545iBMW wrote in post #17391217
It's a well-known fact that most L lenses hold their value and bodies depreciate.

Yes I can appreciate bodies depreciating more as technology moves on but in this case the 1dx is still canon's flagship camera and is still the latest model. What has surprised me is how an 11 month old camera can drop soooooo much. It could be just that the market is just so flooded with used secondhand 1dx's.

PCousins wrote in post #17391257
Yes I can appreciate bodies depreciating more as technology moves on but in this case the 1dx is still canon's flagship camera and is still the latest model. What has surprised me is how an 11 month old camera can drop soooooo much. It could be just that the market is just so flooded with used secondhand 1dx's.

There is likely a good deal of depreciation built in by the fact that it is largely believed successors to many Canon bodies (including the 1Dx) will be announced this year. I suspect if you look back you'd find that depreciation was not as great a year after its release.

nqjudo wrote in post #17391269
There is likely a good deal of depreciation built in by the fact that it is largely believed successors to many Canon bodies (including the 1Dx) will be announced this year. I suspect if you look back you'd find that depreciation was not as great a year after its release.

Spot-on. I completely agree with nqjudo's thoughts. The price of the 1DX didn't move at all during the initial year or so and its only coming down now due to the fact it will likely be replaced by a newer model within the next year or so.

Bryan

bps wrote in post #17391449
Spot-on. I completely agree with nqjudo's thoughts. The price of the 1DX didn't move at all during the initial year or so and its only coming down now due to the fact it will likely be replaced by a newer model within the next year or so.

Bryan

And that is the time to start buying them. When you see those threads about buying a camera or lens, I always say get better glass because that body will be available cheap shortly. I thought the 1Dx was overpriced when it came out and refused to give Canon $7k for a body. I instead put that into glass; 600II.