Upload & Sell: Off
| p.1 #10 · A D600 is 2000 bucks with 24-85; what does that make a used D700? |
There is a typo in your second sentence. Price is $1,999
Regardless, the mistake people make when trying to guess the market price of the D700 is they are looking at the D800 and D600 as comparables and then simply adjust price accordingly. Then they are confused when $1,100 prices have not happened in mass quantities. It's not that simple an equation. Sure there will be a few people jumping ship and dumping the D700 for cheap, but those prices are not truly indicative of the market. They are outliers. The missing factor is the perceived value current owners still place on their D700 systems. Most current owners who would have jumped ship would have already, when they felt they could get $1,800 for their body. So, for now they are fairly content holding on to their bodies and aren't willing to sell cheap. Their D700 bodies are doing all that they need. Those that switch now are doing it at a slow rate, dribbling bodies into the marketplace. There is no mass "dump." So expect a slow, gradual price decline. Like lots of technology it's similar to the computer industry. When there were rapid changes, everyone was constantly upgrading. Now, unless there's an urgent need to upgrade a system, people hang on. The incremental change isn't worth it to them.
Buyers going to FX are expecting D700's to be discounted due to old technology, but any mass dump occured in two phases - first when the D800's finally started shipping and then again once the D600 was available. Like ckcarr said, we'll most likely see a slow, gradual price decline from here on out. One can examine the resale values of the 5Dc as a good reference point.