Ivar B Posted June 7, 2008 Share #1 Posted June 7, 2008 Advertisement (gone after registration) The hugely promoted Westlicht auction in Wien ended this afternoon, and I just went through some items to see how the Leica items were priced. It seems that the overall picture is that prices are "low". Of the 36 or so Leica M lenses being auctioned, 31 failed to reach the estimate, sometimes very markedly so. Among the many Leica M cameras being offered, just a very few reached the estimate. Out of the Leica R items, 1 in 19 reached the estimate. Obviously the estimates were wildly optimistic, and it is surprising that professional people judge the market soo poorly. There are one or two interesting item - a mint Noctilux 1.2/50 reached Euro 10 000, and on top of that there is a 20 % premium. The very first M8 reached 20 000 Euro, and I note with great appreciation that Leica will donate this to charity. Link to post Share on other sites More sharing options...
Advertisement Posted June 7, 2008 Posted June 7, 2008 Hi Ivar B, Take a look here Very low prices at Westlicht auction. I'm sure you'll find what you were looking for!
harryzet Posted June 8, 2008 Share #2 Posted June 8, 2008 the low prices at westlicht are still 50% over the street-going-price. Link to post Share on other sites More sharing options...
pelikan1931 Posted June 11, 2008 Share #3 Posted June 11, 2008 their high commission is partly to blame. Link to post Share on other sites More sharing options...
sabears Posted June 21, 2008 Share #4 Posted June 21, 2008 Two answers: 1- sometimes their descriptions are optimistic (and old not satisfied buyers stay away) 2- this time there were less than usual interesting high class items (indeed the ones that reached top price were on this area). Link to post Share on other sites More sharing options...
Guest jimmy pro Posted June 23, 2008 Share #5 Posted June 23, 2008 3. A lot of Leica collectors are old guys on fixed incomes and the economy sucks. Link to post Share on other sites More sharing options...
leitz_not_leica Posted June 24, 2008 Share #6 Posted June 24, 2008 Where exactly does the economy suck? Link to post Share on other sites More sharing options...
Hacker Posted June 28, 2008 Share #7 Posted June 28, 2008 Advertisement (gone after registration) Why are Leica collectors old guys with fixed incomes? Link to post Share on other sites More sharing options...
sabears Posted June 28, 2008 Share #8 Posted June 28, 2008 ...old guys with fixed incomes... This seems a nonsense indeed,if you are old and without money,better stay away Cheers Link to post Share on other sites More sharing options...
Guest jimmy pro Posted June 30, 2008 Share #9 Posted June 30, 2008 Why do you assume that a fixed income = low income? Anyone retired, living off pensions, annuities, and investments at an age where he can't re-earn principal if it's lost (which impacts his risk tolerance for growth investments), is on a fixed income. A guy in his 60's in good health today could live another 30 years. When prices on a essential commodity like oil start to skyrocket, the threat of runaway inflation is real. So even if a retired guy has a great income today and can afford not to pinch pennies, he's prolly smart enough to think what a period of double-digit inflation can do to the future buying power of his income. That might get him thinking about prioritizing. Link to post Share on other sites More sharing options...
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