M11 Price Question

[fotografr]

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15 minutes ago, Jeff S said:

Trades at Leica Miami net 80% to seller (70% for outright sale), so a mint M11, still with warranty, should be worth at least $6500 in trade. Consignments at Popflash net 75%.  Both would yield much more than $5k, without the marketing and hassle of private sale.  

Jeff

Good points. The eBay listings have got to be scams. Nothing else makes sense 

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[scopa90]

I went through the grind of trying to buy an M11 on ebay.  Of the two I "bought now" the first was never delivered and the second one was actually canelled by ebay themselves.  I eventually got refunds for both but my entire budget was stuck until the money was refunded.  Eventually I gave up using that site and sold all my Nikon equipment and managed to get hold of a good condition 2nd hand M11.

Whilst I was trying to get one on ebay I noticed that posting an innocent question to the seller would not get a response, if it was a scam, and in some cases alerted the seller who had been hacked so he could take the auction down.

[Guest]

6 hours ago, Jeff S said:

Trades at Leica Miami net 80% to seller (70% for outright sale), so a mint M11, still with warranty, should be worth at least $6500 in trade. Consignments at Popflash net 75%.  Both would yield much more than $5k, without the marketing and hassle of private sale.  

Jeff

That's really good to know. Thanks, I'll Look into that. I wonder if Leica Los Angeles would be a good option too since I'm only a 2 hour drive from there. Worth a call.

[Guest]

6 hours ago, fotografr said:

I completely agree. Something about this doesn't pass the smell test. May I ask why you're selling your M11? I'm still on the fence about whether to stay with my M10-R or move to the M11. One big advantage to staying with my M10-R is that I also have the M10M and they are a great match. Same menus, same batteries and charger, etc.. 

I absolutely love my M11. Everything about it is phenomenal. I'm sure I'll be devastated if I sell it. That said, I'm a wedding photographer, and I shoot fashion as well. The weddings I shoot tend to be fast paced, and I find myself using my Sl2 more than anything else. I still shoot with M glass, but the ability to use focus peaking just speeds it all up. Same for fashion. I have the Visioflex 2, but there's no comparing it with the SL2 evf. When my weddings slow down a bit, I always pull out the M11, but for the amount of shots I'm using it for, I can easily just not use it. So now my M11 is just for personal use. I just ordered an SL2-S since it's better for those evening shots, and pairs very well with the SL2 (like you with your 2 M's). I've been spending way too much on gear this past year, so selling the M11 is something I'm considering. Though I'm not thrilled about it. I can say with confidence, the M11 is on a whole other level. If I didn't need so much speed, I would have absolutely traded in my SL2 for another M11.

[Jeff S]

1 hour ago, JaySD said:

That's really good to know. Thanks, I'll Look into that. I wonder if Leica Los Angeles would be a good option too since I'm only a 2 hour drive from there. Worth a call.

Always worth checking with good local dealers and establishing relationships. (Popflash is in LA, but is web only, no storefront.) But one can trust and build relationships with Leica dealers in other areas.  I’ve had good experiences buying and selling with various shops from coast to coast.  Smaller, remote dealers are also worth checking when purchases involve hard-to-get newer items, as there are typically small or no wait lists.  It pays to know which shops to rely on for different needs, new vs used, buy vs sell or trade.  Another advantage of being US based is the availability of reliable rental shops if dealers can’t provide demos.

Jeff
 

 

[fotografr]

8 hours ago, JaySD said:

That's really good to know. Thanks, I'll Look into that. I wonder if Leica Los Angeles would be a good option too since I'm only a 2 hour drive from there. Worth a call.

Since you're in San Diego, you might also check out Camera West near Palm Springs. Very nice store with lots of gear--not just Leica. 

[Jeff S]

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1 hour ago, fotografr said:

Since you're in San Diego, you might also check out Camera West near Palm Springs. Very nice store with lots of gear--not just Leica. 

And owned by the same guy who runs several other stores, including Leica San Francisco, so overall inventory, including used, is larger to choose from.

Jeff

[Guest]

1 hour ago, Jeff S said:

And owned by the same guy who runs several other stores, including Leica San Francisco, so overall inventory, including used, is larger to choose from.

Jeff

Very good advise and info! I appreciate everyone’s help. I’ll be driving up next week, so I’ll see how it all goes soon. Though I will most likely be giving them a call first. I’m still only 50% sure I can live with selling it.

[Guest]

2 hours ago, fotografr said:

Since you're in San Diego, you might also check out Camera West near Palm Springs. Very nice store with lots of gear--not just Leica. 

Thanks, I appreciate the advice! I’ll be sure to check them out.

[marcus01432]

On 8/4/2023 at 5:54 AM, fotografr said:

I was googling a couple questions about the M11M today and naturally eBay popped up. There are two brand new black M11 bodies listed by sellers with 100% ratings. One is asking $5500 and the other is asking $5215. Both show free shipping. B&H is selling these for $8995. Does anybody have thoughts on how these people are selling at those prices? What am I missing here? 

https://www.ebay.com/itm/404419641847?_trkparms=amclksrc%3DITM%26aid%3D1110006%26algo%3DHOMESPLICE.SIM%26ao%3D1%26asc%3D20221018081743%26meid%3D64b6c95fc92745418a01f08f6cffb861%26pid%3D101429%26rk%3D1%26rkt%3D12%26sd%3D225702531248%26itm%3D404419641847%26pmt%3D1%26noa%3D0%26pg%3D2332490%26algv%3DSimPLMWebV1%26brand%3DLeica&_trksid=p2332490.c101429.m2460&amdata=cksum%3A40441964184764b6c95fc92745418a01f08f6cffb861|enc%3AAQAIAAAA8I6qvrING7O0hZFcnxkK5HO7gD65Tn%2B3oJEzUAAaFie1pvHtgOB9%2Fig2S529kIVKvBdcoMGabVtWyJUFk%2BJAgSujqexetGeHtyCFaFFHcyj7Vp9Jbu2UJo2HfhpGz1%2FHTneotnsz3129O28%2FSy%2FRYMzyk7nJSs38YVEXre8MPMUnGpoPbC3WR4OJm0vkuP4x6J%2FtxQEwzNPYbZjzZeAwbrcouEoaJlubfTTQ7exAzGpbFc5A36rZOdA0v0l%2F56YyGGVkM%2FfFhwZjgIzYj3mW6fw7dJgOFJdx28TyHdFDZ%2BEj5dz4mabe1woILFBHRKrqPw%3D%3D|ampid%3APL_CLK|clp%3A2332490&epid=7052411046

 

We've been going over this in this thread.  

Leica owners do not  seem to trust eBay.  We should do a survey and find out why.  eBay has a money back guarantee these days if the item is not as described. I have had not had any difficulty with eBay on high value purchases including a beautiful M10-R in May. The sellers are often camera dealers and shops who are very reputable. I like eBay because I can track sold prices. I use it even if I don't buy from them. 

Here are sold prices from just now for the M11's. https://www.ebay.com/sch/i.html?_dmd=1&_nkw=leica+m11+camera&_sacat=31388&_sop=15&_stpos=02151&_svsrch=1&rt=nc&LH_Sold=1&LH_Complete=1

It's a big investment. Buyer beware. Have fun taking photos.

[fotografr]

1 hour ago, marcus01432 said:

We've been going over this in this thread.  

Leica owners do not  seem to trust eBay.  We should do a survey and find out why.  eBay has a money back guarantee these days if the item is not as described. I have had not had any difficulty with eBay on high value purchases including a beautiful M10-R in May. The sellers are often camera dealers and shops who are very reputable. I like eBay because I can track sold prices. I use it even if I don't buy from them. 

Here are sold prices from just now for the M11's. https://www.ebay.com/sch/i.html?_dmd=1&_nkw=leica+m11+camera&_sacat=31388&_sop=15&_stpos=02151&_svsrch=1&rt=nc&LH_Sold=1&LH_Complete=1

It's a big investment. Buyer beware. Have fun taking photos.

I asked the seller to upload a photo of the camera he had listed next to a card showing the current date. Never heard from him. You are correct about buyer protection, but you can end up having your money tied up for a while as it gets sorted.

[Zhe]

I just fell into a similar trap a few days ago of a used M9. You will most likely receive a 'fake' tracking number after opening an 'Item Not Received' case, and the tracking will most likely negate your refund request because 'something' has been delivered to 'your address' as the tracking says.

In my case, the scammer indeed posted a real parcel to my city that was signed by a reception of an unknown place, which looked very authentic if you live in a managed apartment where parcels are usually signed by the front desk. You will then need to prove that the package was not delivered to your address or you'll lose the appeal. There is only one chance so you have to collect as much evidence as you can, which is heavily depend on whether or not your local courier would like to cooperate.

Not a fun at all, I almost gave up and took it as an expensive lession... 

[marcus01432]

12 hours ago, Zhe said:

I just fell into a similar trap a few days ago of a used M9. You will most likely receive a 'fake' tracking number after opening an 'Item Not Received' case, and the tracking will most likely negate your refund request because 'something' has been delivered to 'your address' as the tracking says.

In my case, the scammer indeed posted a real parcel to my city that was signed by a reception of an unknown place, which looked very authentic if you live in a managed apartment where parcels are usually signed by the front desk. You will then need to prove that the package was not delivered to your address or you'll lose the appeal. There is only one chance so you have to collect as much evidence as you can, which is heavily depend on whether or not your local courier would like to cooperate.

Not a fun at all, I almost gave up and took it as an expensive lession... 

I've heard of this scam before. Where was the camera shipping from? I only like known sellers from the United States. I like the earlier response to receive Picture of the camera and serial number. I did get a beautiful M 10 _R in eBay in May this year. 

[adrianh]

Think it that way: the seller sees also what the rest of ebay sellers ask for a similar item (beeing M11, M10 or any other model). Even EBAY sugests him based on previous offers when he should charge . Why would he nevertheless decide to offer his new merchandise that much cheaper than the rest? It's not like he's never heard of ebay, he IS USING e-bay. So why would he go so much lower than the others with is offering? Makes no sense. Therefore...

[DadDadDaddyo]

The last three Leica bodies I've purchased all came to me as Open Box from an Authorized Leica Dealer.

In the case of my M11 it was right at the time that the Freeze issue was at a peak; clearly someone returned a body to the reputable dealer whose policy accommodated such a return. 

My savings below New was on the order of 10 to 15 percent - not gigantic, but do it it few times and it makes a difference. In addition, the same liberal policy that accommodated the original owner applied to the Open Box buyer as well; I had 30 days to wring the thing out and make sure. 

In all three cases, I got a keeper and haven't looked back.