Upload & Sell: Off
| p.2 #10 · Whats wrong with my "for sale"add - or is it the lens? |
A few months ago there seems to have been a peak.....the price of LN 500 MkIs was pushing towards $7,000, and there was a number of them on eBay listed for something like $7,200 buy-it-now price . However, since April/May there has been a bit of a cooldown period, I think as a result of an increasing number of good lenses hitting the market.
I fact, an odd trend has developed whereby an excellent 500 f/4 MkI would tend to fetch as much money, if not more, than comparable condition 400 f/2.8 IS MkI and 600 f/4 MkI. Naturally, all that has been demand/supply driven.
For quite a while the supply on the market for used 500/4 lenses was virtually non-existent, while demand on the used market was high. I think that there were two major factors that accounted for high demand and dearth of supply. One was that it was very difficult to get a new 500/4 because of Canon's tsunami production-related issues and because Canon was winding down production related to the introduction of the 500/4 II. And another factor was that many who might otherwise have been selling their 500/4 lenses in anticipation of buying a 500/4 II decided, instead, to hold on to them because of the vast price difference between the original version and the version II. That high demand and shortage of supply on the used market led to a major spike in used prices.
More recently, I think that the demand for used copies of the 500/4 has continued to be strong, but their has been a spike in the supply from those who sold their copies because they "had to have" a 500/4 II in spite of its lofty price or, perhaps, a 600/4 II. However, again because of the big difference in price between the original version and the version II, I'd anticipate that, after the spike of those who had to have a version II clears the market, the demand for the original version should remain high and the supply should be relatively tight for quite a while. Thus, while I'd expect to see fluctuations, I'd expect prices to settle somewhere near where they are now or, perhaps, just a bit higher.