microview Posted October 20, 2008 Share #1 Posted October 20, 2008 Advertisement (gone after registration) I was thinking of replacing a 35 Summicron, with passport still to run until March, with a 50mm Summilux. A reputable London Leica dealer said his best part-exchange offer would be in the region of £400, whilst as a commission sale I could expect around £600 nett. (More typically, mint Summicrons have been priced at around £990.) Is this the way offers will go in the 'credit crunch' era? Link to post Share on other sites More sharing options...
Advertisement Posted October 20, 2008 Posted October 20, 2008 Hi microview, Take a look here The credit squeeze effect on s/h Leica?. I'm sure you'll find what you were looking for!
tashley Posted October 20, 2008 Share #2 Posted October 20, 2008 I was thinking of replacing a 35 Summicron, with passport still to run until March, with a 50mm Summilux. A reputable London Leica dealer said his best part-exchange offer would be in the region of £400, whilst as a commission sale I could expect around £600 nett. (More typically, mint Summicrons have been priced at around £990.) Is this the way offers will go in the 'credit crunch' era? A good, current version, coded Cron in perfect condition will get a lot more than that on eBay and quickly! I sold one in March for £926 and given how popular this particular lens is, I think you should still be able to get at LEAST £750... Good Luck Tim Link to post Share on other sites More sharing options...
tgray Posted October 20, 2008 Share #3 Posted October 20, 2008 I don't know. I'm looking for some lenses and have found that people seem to be pricing them extraordinarily high for my tastes. I was able to sell two lenses and a fancy digital recorder for pretty much around what I thought they'd go for, which was about 5% on average less than what I *wanted* to get for them. I see people selling 50 ASPH lux's for $2800 when I can get a gray market new one for a bit more than $3k. It bugs me that people are using the recent price increase to push up the value of their used gear that they most likely bought for less. But that's just how I operate. I would probably make for a bad economist, thought apparently the economists are make bad economists nowadays... On a more serious note, I tried to sell my digital recorder for $2100. I talked to some pro sound places and they basically said they'd sell it on commission and take 15%, leaving me with $1800. If I did that, I knew the unit would sell given the stores' targeted audiences. Instead of doing that, I just lowered the price (more than what the store would give me, less than what I wanted) to $1950, and got about 5 offers that day. Advice - instead of selling it at $1500-1600, sell it at $1300. It will go instantly. The 35 ASPH crons that I've seen popping up seem to linger for a while at $1600; the ones at $1300 go before you can blink your eyes. (Of course, convert to British prices and market values) Link to post Share on other sites More sharing options...
microview Posted October 20, 2008 Author Share #4 Posted October 20, 2008 Tim: I very much liked your 'paired' images! Link to post Share on other sites More sharing options...
andybarton Posted October 20, 2008 Share #5 Posted October 20, 2008 I paid about £950 for a 12 month old, coded 35 ASPH retail in London, about 6 months ago. Link to post Share on other sites More sharing options...
fotografr Posted October 20, 2008 Share #6 Posted October 20, 2008 I was thinking of replacing a 35 Summicron, with passport still to run until March, with a 50mm Summilux. A reputable London Leica dealer said his best part-exchange offer would be in the region of £400, whilst as a commission sale I could expect around £600 nett. (More typically, mint Summicrons have been priced at around £990.) Is this the way offers will go in the 'credit crunch' era? This is typical for dealers. You can always get more selling your equipment than trading it in to the dealer because they have to factor in the time it might spend on their shelf and employee time showing it to potential buyers. The rule of thumb here for trade-ins is around 40% of actual value. Link to post Share on other sites More sharing options...
luigi bertolotti Posted October 20, 2008 Share #7 Posted October 20, 2008 Advertisement (gone after registration) I agree with the above post... having me too bought, recently a mint Cron 35 asph, coded, aged 3 years about: if you have to sell & buy, is always better to try a "private" sale : the market value of a recent, excellent lens like the Cron 35 is such that the dealer, if "discounts" the fair value from the sale of the new item, typically has an immediate loss, to be covered WHEN he succedes in selling the used item... not many dealers like to play this game, nowadays. Try to propose the dealer your Cron while buying a new Noctilux 0,95... I suppose he makes you a better offer... Link to post Share on other sites More sharing options...
tashley Posted October 20, 2008 Share #8 Posted October 20, 2008 Tim: I very much liked your 'paired' images! Thank you! They're a bit of a left-field idea. I only put them on my zenfolio site today but I've been collecting them for a couple of years now and have plenty more where those came from! Best t Link to post Share on other sites More sharing options...
delander † Posted October 20, 2008 Share #9 Posted October 20, 2008 I was thinking of replacing a 35 Summicron, with passport still to run until March, with a 50mm Summilux. A reputable London Leica dealer said his best part-exchange offer would be in the region of £400, whilst as a commission sale I could expect around £600 nett. (More typically, mint Summicrons have been priced at around £990.) Is this the way offers will go in the 'credit crunch' era? I know dealers have their overheads etc but that is a truely measly offer for a coded example, even if there is a credit crunch. Not worth selling it for £400 which is about 25% of the current new price (£1500-1600). Keep it and wait a bit to let the credit crunch effect set in on the dealer price of the 50 lux, then try and get good deal on a straight purchase of the lux. Or sell it privately if you must. Jeff Link to post Share on other sites More sharing options...
microview Posted October 21, 2008 Author Share #10 Posted October 21, 2008 I know dealers have their overheads etc but that is a truely measly offer for a coded example, even if there is a credit crunch. Not worth selling it for £400 which is about 25% of the current new price (£1500-1600). Keep it and wait a bit to let the credit crunch effect set in on the dealer price of the 50 lux, then try and get good deal on a straight purchase of the lux. Or sell it privately if you must. Jeff Chimes exactly with what I thought myself! Link to post Share on other sites More sharing options...
earleygallery Posted October 21, 2008 Share #11 Posted October 21, 2008 I'll offer you a 10% premium on the dealers offer! Seriously, why bother to trade in? OK its a bit less hassle but you will earn close to the 'retail' used price selling via this forum buy/sell section or e bay (with the added security of potentially selling to someone known via the forum if you want to avoid possible e bay frauds). Link to post Share on other sites More sharing options...
stevelap Posted October 23, 2008 Share #12 Posted October 23, 2008 I'll offer you a 10% premium on the dealers offer! Seriously, why bother to trade in? OK its a bit less hassle but you will earn close to the 'retail' used price selling via this forum buy/sell section or e bay (with the added security of potentially selling to someone known via the forum if you want to avoid possible e bay frauds). An 'in between' alternative could be to go for a commission sale. Ffordes do that as do a couple of dealers in London. Red Dot have a good offer on at the moment too. Link to post Share on other sites More sharing options...
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