brill64 Posted December 10, 2009 Share #1 Posted December 10, 2009 Advertisement (gone after registration) sorry to complain!!..whilst talking to a reputable leica dealer in hong kong today, i was alarmed and dismayed to hear that m9 units arriving here are being sold for an outrageous hkd75k (usd9,6k), such is the demand. this is hkd18k (usd2,3k) above the official listed price of hkd57k (7,3k). whilst i paid a (refundable at any time) deposit in september 09 and i'm now 4th on my dealer's waitlist, on principle I'm not willing to pay a penny above the official price. it looks like me and others like me must swallow a longer than previously anticipated wait whilst some dealers profiteer..i honestly don't mind to wait for mine but this does a disservice to honest dealers out there as well as being doggedly unfair to those patiently waiting in line. that's life, i suppose... Link to post Share on other sites More sharing options...
Advertisement Posted December 10, 2009 Posted December 10, 2009 Hi brill64, Take a look here profiteering price hike on m9. I'm sure you'll find what you were looking for!
Maximus Posted December 10, 2009 Share #2 Posted December 10, 2009 Supply and demand. As long as there is limited supply, demand will be high and hence prices. Can't blame the retailer for making a quick buck when he has to virtually give stuff away most of the year. Link to post Share on other sites More sharing options...
yanidel Posted December 10, 2009 Share #3 Posted December 10, 2009 Supply and demand. As long as there is limited supply, demand will be high and hence prices. Can't blame the retailer for making a quick buck when he has to virtually give stuff away most of the year. well, it is probably because he enforces such practices that is has to give stuff away most of the year. This behaviour long term leads only to lost customers IMO. Link to post Share on other sites More sharing options...
Maximus Posted December 10, 2009 Share #4 Posted December 10, 2009 Maybe, but as long as people are prepared to pay you can't blame him. Link to post Share on other sites More sharing options...
dpattinson Posted December 10, 2009 Share #5 Posted December 10, 2009 Maybe not - but Leica could just refuse to supply profiteering vendors - since it reflects poorly on their brand. Link to post Share on other sites More sharing options...
theendlesshouse Posted December 10, 2009 Share #6 Posted December 10, 2009 If Leica knew they would put a stop to it as it is illegal if they are an official retailer. Link to post Share on other sites More sharing options...
jaapv Posted December 10, 2009 Share #7 Posted December 10, 2009 Advertisement (gone after registration) If he is an official dealer just report him to Solms. I'm sure there is a contract forbidding such things. Link to post Share on other sites More sharing options...
hammam Posted December 10, 2009 Share #8 Posted December 10, 2009 Supply and demand. As long as there is limited supply, demand will be high and hence prices. Can't blame the retailer for making a quick buck when he has to virtually give stuff away most of the year. Dealers giving away stuff away most of the year? That's a first for me. Link to post Share on other sites More sharing options...
d2mini Posted December 10, 2009 Share #9 Posted December 10, 2009 Dealers giving away stuff away most of the year? That's a first for me. Seriously. If that was the case I might actually shop local instead of ordering the big ticket items online. Link to post Share on other sites More sharing options...
Maximus Posted December 10, 2009 Share #10 Posted December 10, 2009 Not with Leica, but margins are tiny on nearly all other digicams and DSLRs. Link to post Share on other sites More sharing options...
photogdave Posted December 10, 2009 Share #11 Posted December 10, 2009 If this place is an authorized Leica dealer, then it won't be for long. Report this to Leica and they'll take action. You are absolutely right that this is profiteering and it shouldn't be allowed. Link to post Share on other sites More sharing options...
cheewai_m6 Posted December 11, 2009 Share #12 Posted December 11, 2009 Supply and demand. As long as there is limited supply, demand will be high and hence prices. Can't blame the retailer for making a quick buck when he has to virtually give stuff away most of the year. no business will sell ANYTHING at a price without make A DECENT profit. doens't matter what they say, they are making a decent profit. they only say that to make you think you're getting it as cheap as you can. believe nothing of what a salesman says. Link to post Share on other sites More sharing options...
offshore Posted December 11, 2009 Share #13 Posted December 11, 2009 There's a reputable dealer in Hong Kong? Link to post Share on other sites More sharing options...
Bo_Lorentzen Posted December 11, 2009 Share #14 Posted December 11, 2009 Offshore, you beat me to that question.! . Link to post Share on other sites More sharing options...
AnakChan Posted December 11, 2009 Share #15 Posted December 11, 2009 Awww, c'mon. I don't think that's a fair generalisation of HK retailers. I've been popping in and out of Hong Kong on many occasions in the past 10 years and lived there for 8 months last year even. HK retailers have improved considerably since the 90's and are no better/worse than shops in US/UK/Aust/Japan. Link to post Share on other sites More sharing options...
jjjjuin Posted December 11, 2009 Share #16 Posted December 11, 2009 There's a reputable dealer in Hong Kong? in fact, there is. and they've been pricing unreasonably for a while company website: www.schmidtmarketing.com they re-deliver leica products to most of the mainland market.( of course they give higher price to the mainland market). I know many interesting stories about Leica retail in China and Hong Kong. Leica should pay attention to this mess area. Link to post Share on other sites More sharing options...
brill64 Posted December 11, 2009 Author Share #17 Posted December 11, 2009 in fact, there is.and they've been pricing unreasonably for a while company website: www.schmidtmarketing.com they re-deliver leica products to most of the mainland market.( of course they give higher price to the mainland market). I know many interesting stories about Leica retail in China and Hong Kong. Leica should pay attention to this mess area. jjjjuin...i'm all ears very interested to hear what you know.. they're very silent over delivery of the m9 Link to post Share on other sites More sharing options...
jjjjuin Posted December 11, 2009 Share #18 Posted December 11, 2009 jjjjuin...i'm all ears very interested to hear what you know.. they're very silent over delivery of the m9 haha, but first please excuse my poor english. My job in beijing is doing advertisment and as a 'part-time' job, I purchase leica products from out side of china and sell them to local stores or users directly. I've been doing this 'part time' job for years and am enjoying the profits. As a friend to many managers of local stores here, I've heard many initial situations from them. All the products in Mainland China are imported in two paths: 1. the authorized agency in HK. 2. people(especially students who study abroad) like me, who can read english and able to contact foreign stores for purchase. interesting thing, why leica stores in mainland are willing to import products from HK agency even though the price is obviously not reasonable and higher than official price. Reason 1: Though price is high, but by the rising of new upper class consumers, a huge space of profits still can be added after purchased from HK. e.g, A M9 machine, official price=54000 UKD, HK agency priced 57000 UKD or even higher to mainland stores. Mainland stores priced 80,000 roughly. Believe or not, 80,000 is a piece of cake for those rich chinese. Reason 2: I doubt if you westerners can understand., HK agency announced their leica products are the only authorized and legal products in China. They 'somehow' forced the leica store refuse repair leica products which are not from HK. Which means, if you bring a leica product to China, you can't fix it even you have everything include leica passport and etc. This blocked many consumers' desire to choose the cheaper products imported from abroad due to no one wants a product without 'warranty'. Well, I've seen many complains and disapointments in this forum regarding to long wait of M9. I pay empathy. Same time, I'm very confident to say according to my experience, Leica's supply chain has many problems and problems are hurting the desires of leica fans. My name never appear on any waitlist for M9. But till now, I regularly receive 1~2 M9 body from stores weekly. I pay the official price. and each unit, I can earn at least 2000 USD. M9 is just one of the products. I promise I do business legally and I don't offense the rules. I can't say how do I have these M9s, but there're such ways to sneak. My friend and I are disccusing to open a camera store in Beijing next year. I wish I could tell you more interesing rules of business in China face to face. wow, first time to type so many words. I'm so proud of myself. thanks ------ Kevin Link to post Share on other sites More sharing options...
brill64 Posted December 13, 2009 Author Share #19 Posted December 13, 2009 haha, but first please excuse my poor english.My job in beijing is doing advertisment and as a 'part-time' job, I purchase leica products from out side of china and sell them to local stores or users directly. I've been doing this 'part time' job for years and am enjoying the profits. As a friend to many managers of local stores here, I've heard many initial situations from them. All the products in Mainland China are imported in two paths: 1. the authorized agency in HK. 2. people(especially students who study abroad) like me, who can read english and able to contact foreign stores for purchase. interesting thing, why leica stores in mainland are willing to import products from HK agency even though the price is obviously not reasonable and higher than official price. Reason 1: Though price is high, but by the rising of new upper class consumers, a huge space of profits still can be added after purchased from HK. e.g, A M9 machine, official price=54000 UKD, HK agency priced 57000 UKD or even higher to mainland stores. Mainland stores priced 80,000 roughly. Believe or not, 80,000 is a piece of cake for those rich chinese. Reason 2: I doubt if you westerners can understand., HK agency announced their leica products are the only authorized and legal products in China. They 'somehow' forced the leica store refuse repair leica products which are not from HK. Which means, if you bring a leica product to China, you can't fix it even you have everything include leica passport and etc. This blocked many consumers' desire to choose the cheaper products imported from abroad due to no one wants a product without 'warranty'. Well, I've seen many complains and disapointments in this forum regarding to long wait of M9. I pay empathy. Same time, I'm very confident to say according to my experience, Leica's supply chain has many problems and problems are hurting the desires of leica fans. My name never appear on any waitlist for M9. But till now, I regularly receive 1~2 M9 body from stores weekly. I pay the official price. and each unit, I can earn at least 2000 USD. M9 is just one of the products. I promise I do business legally and I don't offense the rules. I can't say how do I have these M9s, but there're such ways to sneak. My friend and I are disccusing to open a camera store in Beijing next year. I wish I could tell you more interesing rules of business in China face to face. wow, first time to type so many words. I'm so proud of myself. thanks ------ Kevin hi kevin, it's interesting to hear about how things work out for you. i've been here long enough to realise it's difficult for you to say more about it. however, to be honest, i'm sure i am not alone in my curiosity, it would be great to hear more. what happens in the china market these days is fascinating, thanks for posting.. Link to post Share on other sites More sharing options...
gwelland Posted December 13, 2009 Share #20 Posted December 13, 2009 I'm surprised we haven't seen the phenomenon we get in the high end car business (Ferrari dealers in particular but other marques too). i.e. New product is always at MSRP although there is a restricted supply with a long waiting list and nothing available 'off the shelf' as such. However, dealers do have 'used' vehicles which have been flipped by customers and these are available immediately but at a substantial price premium. This approach preserves the makers MSRP and price control with the dealers but at the same time provides a channel for well-heeled customers who don't mind paying a premium to get what they want immediately. You could argue that it's somewhat poor ethics on the behalf of the 'preferred' repeat customers who are able to get on the early order list ahead of time and turn around their cars to the dealer for a profit after effectively driving it around the block once or twice. Free market at work folks. Live with it. Link to post Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.