Paulus Posted July 20, 2015 Share #1 Posted July 20, 2015 Advertisement (gone after registration) Just a hunch I got this day, because looking at the " market " prices for Leica Lenses on the Dutch internet. I notice that outstanding lenses are getting " cheaper" A asph 1,4/50 "new" for € 2350,- and a 75 Apo-Summicron " as new "for € 1999,- Are second hand prices going down? Is it the season,the Euro, or the Sony A7 talk? I wonder what your view is. Quote Link to post Share on other sites More sharing options...
Advertisement Posted July 20, 2015 Posted July 20, 2015 Hi Paulus, Take a look here Are second hand Leica lens prices going down?. I'm sure you'll find what you were looking for!
FrozenInTime Posted July 20, 2015 Share #2 Posted July 20, 2015 I think they are - common sense is returning The market was really overheated when the M9 was the best thing since sliced bread and the mirrorless market was starting to explode. Demand exceeded supply. Leica switched from a cost plus lens pricing model to a what the market will bear model ( simple slow four element lenses like the 90/4 Elmar jumping from $1500 to $3500+) Now native mirrorless lenses are much more appealing and with Sony offering FF mirrorless with Zeiss glass, the market is more balanced. Quote Link to post Share on other sites More sharing options...
johnloumiles Posted July 20, 2015 Share #3 Posted July 20, 2015 I don't have anything scientific but anecdotally it seems like a buyers market right now in general. I just got two lenses (24/2.8 & 90/2) for 25-30 percent below the current market. Since the level of M users is relatively flat I would attribute any fluctuation to the Sony A7 cameras. My theory is that the quality and number of E mount lenses have finally caught up to demand, many with autofocus. Now everyone in Sony land wants the latest/greatest and is using their Leica glass to finance it. Just a theory. Leica R glass is as cheap as it's been in a long time. Next M will have integrated EVF and that will push the prices a bit. Quote Link to post Share on other sites More sharing options...
hiepphotog Posted July 20, 2015 Share #4 Posted July 20, 2015 (edited) I would say because supply nowadays exceeds demand, mainly because they have a bigger manufacturing plant now. I was trying to sell my Lux 50 ASPH Chrome for the past 3 months. That was an unpleasant experience. Just a couple of months before that, a Chrome fetched $3k easily. But now, I could not simply there are about 3 other Chrome next to mine and a whole lot of black version going for 2,4-2,5k. Even the Black Chrome limited release of 500 worldwide is still in stock in several places. Leica should restrict the production of these lenses to induce scarcity. I have seen a Noct got sold for $6500 in mint condition on eBay auction. It must be a hard blow for the seller. Edit: Note that this downward trend does not influence those rare Leica lenses anyway. So now is a good time to buy common Leica item Edited July 20, 2015 by hiepphotog Quote Link to post Share on other sites More sharing options...
jaapv Posted July 20, 2015 Share #5 Posted July 20, 2015 Just wait until the next M hits the market. I have a feeling it will be more of a camera to pull in new users than to cause the current ones to upgrade 2 Quote Link to post Share on other sites More sharing options...
algrove Posted July 20, 2015 Share #6 Posted July 20, 2015 Paulus To answer your question-YES, for sure here in the US. Leica's "temporary" 12% off will now run non-stop in 2015 to the end of August. If things were going great guns with sales going well, do you think they would continue the "sale"? This incessant sale has helped drop lens prices as well as the soft market in general. Mamy Leica dealers are selling at very low prices to known customers just to keep their volumes up with the mother ship. Quote Link to post Share on other sites More sharing options...
johnloumiles Posted July 20, 2015 Share #7 Posted July 20, 2015 (edited) Advertisement (gone after registration) Just wait until the next M hits the market. I have a feeling it will be more of a camera to pull in new users than to cause the current ones to upgradeAgreed, it might have the Q sensor or even a better version of it and a built in EVF/OVF digital rangefinder with zoom capabilities for focusing those longer lenses and a bunch of other features. Wonder if the technology will exist for the camera to find and record aperture of non coded lenses. " I have seen a Noct got sold for $6500 in mint condition on eBay auction. It must be a hard blow for the seller." I saw the same action and count believe it. I als saw a 24 Elmar go for 1100 and a 75 Summarit go for 600. Edited July 20, 2015 by johnloumiles Quote Link to post Share on other sites More sharing options...
luigi bertolotti Posted July 21, 2015 Share #8 Posted July 21, 2015 Well... given that you refer to "contemporary" lenses, maybe the reason is trivial.... . two years ago, a used Lux50 asph (one of the lenses I vaguely desire) had a certain age... today the same item is 2 years older... which could easily mean it has increased its age of 50 to 100%... and it has been probably used in the meantime. Quote Link to post Share on other sites More sharing options...
james.liam Posted July 21, 2015 Share #9 Posted July 21, 2015 At some retailers, QM2 (with full warranty) 50 APO is selling for an unheard of $6400 while the Nocti at $8600. As mentioned above, increase manufacturing capacity, economic turndown in China (and stagnation in Europe) along with the rise in value of the US dollar have conspired together at an inopportune time for Leica. Sucks if you're selling kit, bonanza if you're buying. Quote Link to post Share on other sites More sharing options...
Jeff S Posted July 21, 2015 Share #10 Posted July 21, 2015 Continued discounts on new Leica lenses (and cameras) have clearly depressed used prices for many items…and increased sale time frames... at typical Leica retailers. Plus, it's not clear the effect these discounts are having on new gear sales…for some folks, it may actually prompt holding off in anticipation of the next new thing, which sometimes follows the discounts. A vicious cycle. Jeff Quote Link to post Share on other sites More sharing options...
bocaburger Posted July 22, 2015 Share #11 Posted July 22, 2015 If the lens prices are going down it's not nearly fast enough or far enough yet to tempt me to buy. 1 Quote Link to post Share on other sites More sharing options...
farnz Posted July 22, 2015 Share #12 Posted July 22, 2015 Yes in the UK too the prices of used Leica lenses are well depressed compared to 2 years ago. Sadly not though for the one lens that's currently incessantly tapping me on the shoulder - the 75 Summilux. Pete. Quote Link to post Share on other sites More sharing options...
luigi bertolotti Posted July 22, 2015 Share #13 Posted July 22, 2015 (edited) Yes in the UK too the prices of used Leica lenses are well depressed compared to 2 years ago. Sadly not though for the one lens that's currently incessantly tapping me on the shoulder - the 75 Summilux. Pete. AH... you too... (and I confess that towards it, I have an odd desire for the detachable hood version... ) Edited July 22, 2015 by luigi bertolotti Quote Link to post Share on other sites More sharing options...
hiepphotog Posted July 22, 2015 Share #14 Posted July 22, 2015 This price depression only applies for current in production lens, though I imagine as the price of, for example, Lux 50 ASPH going down, the regular Lux price would drop as well. Lux 75 is a not-in-production and no-alternative lens so I don't see it's going to drop soon. Depending on the popularity of the lens, you can actually get one for almost 50% off from the current MSRP for less popular lenses (like the Elmar 24, the APOs, Nocti. 0.95), especially when you're willing to buy used. On the Zeiss side, similar depression can be seen as well, though not as much as Leica, say $3100 for the Otus 85. Heck, the Lux 28 is already about $500 off at the moment and it's a brand new lens. Too much supply to China while not enough for other countries. 1 Quote Link to post Share on other sites More sharing options...
uhoh7 Posted July 22, 2015 Share #15 Posted July 22, 2015 75 Lux and 8 Element 35 cron are not getting cheaper. 50 Lux and 28 Cron are. Quote Link to post Share on other sites More sharing options...
farnz Posted July 22, 2015 Share #16 Posted July 22, 2015 This price depression only applies for current in production lens, ... Not in my experience, the currently depressed prices apply equally to the f/1.0 Noctilux and the pre-asph 50 Summilux for example. Pete. Quote Link to post Share on other sites More sharing options...
hiepphotog Posted July 22, 2015 Share #17 Posted July 22, 2015 Not in my experience, the currently depressed prices apply equally to the f/1.0 Noctilux and the pre-asph 50 Summilux for example. Pete. Pete, hence the next part "...though I imagine as the price of, for example, Lux 50 ASPH going down, the regular Lux price would drop as well." , though the question is whether the old and the new would drop by the same degree. Quote Link to post Share on other sites More sharing options...
farnz Posted July 22, 2015 Share #18 Posted July 22, 2015 Ah, I see. I misunderstood that by 'regular Lux' you meant the pre-asph. Pete. Quote Link to post Share on other sites More sharing options...
MarkThailand Posted July 23, 2015 Share #19 Posted July 23, 2015 (edited) I have been tracking the 1.0/50 Noctiluxes and other older, supposedly limited-production lenses and have noticed a significant and dramatic drop on some. Currently, the Leica Store in SF has the 9+ condition 1.0/50 Noctilux V4 (built-in hood) for $5600 - that is retail, you use a cc, with a 90-day warranty. I also just got a A- condition, complete 1.0/50 Noctilux V1 (E58) for $4500 and am contemplating whether to get a A- condition, complete 1.4/75 Summilux V2 for $3600 or not. But, the 1.2/50 Noctilux, 1.4/35 Summilux AA, and those black paint lenses, all with production numbers in the low 1000's have not come down even at auction at WestLicht in Vienna. I think any lens with a production number above 10000 will see a drop. However, even recent cameras with 1000+ production numbers like the M60 and MP-Safari cameras are already available on the used market at decent discounts, $7500 and $6400, respectively! It is times like this that long-time collectors can really take advantage of the short-term users. This happens every 5-10 years and the last time was around 2009, when the prices were even lower than now, even accounting for inflation. Happy hunting. Edited July 23, 2015 by MarkThailand Quote Link to post Share on other sites More sharing options...
pico Posted July 23, 2015 Share #20 Posted July 23, 2015 (edited) AH... you too... (and I confess that towards it, I have an odd desire for the detachable hood version... ) Which encourages me to ask: were the original, now so terribly over-priced lens hoods plastic? I use an aftermarket hood, but am curious. . Edited July 23, 2015 by pico Quote Link to post Share on other sites More sharing options...
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