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Archive 2012 · Canon 500mm IS ver -1 (still rocket high?)

  
 
munzir.khan
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p.1 #1 · Canon 500mm IS ver -1 (still rocket high?)


i dont see a reason why the price for the used 500mm IS Mark-1 is still rocket high? is it only for the time being till Mk-2 comes to rock and roll?

an year ago it was 5200 to 5700 for LNIB

now no one wanna sell below 6.3k

Any clue?



Feb 12, 2012 at 08:12 AM
jcbenner
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p.1 #2 · Canon 500mm IS ver -1 (still rocket high?)


The price of the version II is going to be really high, out of reach for many people, so the version I lenses will continue to command a decent price, but still low when compared to the version II.


Feb 12, 2012 at 08:26 AM
gsmani
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p.1 #3 · Canon 500mm IS ver -1 (still rocket high?)


version 1 new, is not in stock anymore. version 2 is 10K+. the used price will continue to remain strong.


Feb 12, 2012 at 08:42 AM
PetKal
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p.1 #4 · Canon 500mm IS ver -1 (still rocket high?)


Munzir, in the past year Canon and their retailers in N. America have raised the prices of their supertelephoto lenses significantly.

The 300 f/2.8, 500 f/4, 400 f/2.8, 600 f/4 and 800 prices have reached $5k, $7k, $8k, $9.6k and $14k respectively.

Then, Canon have introduced their MkII versions which are typically priced 40% higer than those MkI prices.

That is the background of the current pricing of used 500 f/4 and others.



Feb 12, 2012 at 10:07 AM
Jeffrey
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p.1 #5 · Canon 500mm IS ver -1 (still rocket high?)


It's worth it!


Feb 12, 2012 at 01:33 PM
dennisgibson
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p.1 #6 · Canon 500mm IS ver -1 (still rocket high?)


There was a used one at BH last week, I think it was a 9 or 9+ for I think $5200. I probably should've snagged it. Keep your eye on their used section.


Feb 12, 2012 at 01:37 PM
BluesWest
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p.1 #7 · Canon 500mm IS ver -1 (still rocket high?)


Used ones, in good to excellent condition, come up for sale almost weekly on eBay, and generally sell for between US$5,500 and US$6,000. Occasionally I see one sell on eBay in the high US$6K range, but that is rare. So, if you really want one at a reasonable price, eBay is worth a try.

John



Feb 12, 2012 at 02:03 PM
Gochugogi
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p.1 #8 · Canon 500mm IS ver -1 (still rocket high?)


munzir.khan wrote:
i dont see a reason why the price for the used 500mm IS Mark-1 is still rocket high? is it only for the time being till Mk-2 comes to rock and roll?

an year ago it was 5200 to 5700 for LNIB

now no one wanna sell below 6.3k

Any clue?


Supply and demand. If they weren't selling well the price would start drifting downwards.



Feb 12, 2012 at 02:35 PM
StarNut
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p.1 #9 · Canon 500mm IS ver -1 (still rocket high?)


I expected this to happen, which is why I swallowed hard and bought a new one just before they stopped selling them. With the price of the new one so much higher, I figured that, if I decided to sell the lens, I would take little (or no) loss, and I ran a serious risk of having to pay close to $7k for a used one.


Feb 12, 2012 at 06:59 PM
jcolwell
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p.1 #10 · Canon 500mm IS ver -1 (still rocket high?)


StarNut wrote:
I expected this to happen, which is why I swallowed hard and bought a new one just before they stopped selling them...


Good planning!



Feb 12, 2012 at 07:07 PM
RobDickinson
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p.1 #11 · Canon 500mm IS ver -1 (still rocket high?)


There is nk mkII's out yet is there? And no new mk1's?

Which means high used prices for them.



Feb 12, 2012 at 07:07 PM
vachss
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p.1 #12 · Canon 500mm IS ver -1 (still rocket high?)


Shoot, if I can sell my mk1 for $2k more than I bought it for 8 years ago I may just get tempted...


Feb 12, 2012 at 07:14 PM
PetKal
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p.1 #13 · Canon 500mm IS ver -1 (still rocket high?)


RobDickinson wrote:
There is nk mkII's out yet is there? And no new mk1's?

Which means high used prices for them.


Exactly, and that's not even going into the new lens escalating prices.
The supply of bargain priced used 500 f/4 lenses on eBay and Craig's list has also dried up which means that people who flip them for profit do not have them either.
All in all, on a long term basis, I see about $2.5k price difference between a (LN) copy of 500 f/4 IS MKI and brand new 500 f/4 IS MkII, once the MkII price comes down some.



Feb 12, 2012 at 09:33 PM
skibum5
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p.1 #14 · Canon 500mm IS ver -1 (still rocket high?)


munzir.khan wrote:
i dont see a reason why the price for the used 500mm IS Mark-1 is still rocket high? is it only for the time being till Mk-2 comes to rock and roll?

an year ago it was 5200 to 5700 for LNIB

now no one wanna sell below 6.3k

Any clue?


heck it might go higher, not so many can afford the new one and they stopped making the old one, so demand goes up for the old one and the price stays high or goes even higher



Feb 12, 2012 at 09:40 PM
big country
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p.1 #15 · Canon 500mm IS ver -1 (still rocket high?)


hello,

some on ebay are going for 7500.



Feb 12, 2012 at 10:45 PM
munzir.khan
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p.1 #16 · Canon 500mm IS ver -1 (still rocket high?)


Why did i sell mine two pieces which were minty for around 5500$ few months back.. AH!..

Anyway i agreed with most of you (Demand & Supply formula :-)



Feb 13, 2012 at 04:10 AM
RazorTM
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p.1 #17 · Canon 500mm IS ver -1 (still rocket high?)


Why are used 600mm f/4 IS lenses about the same price as used 500mm f/4 IS lenses


Feb 13, 2012 at 09:08 AM
jcolwell
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p.1 #18 · Canon 500mm IS ver -1 (still rocket high?)


My Lens$db shows the 600/4L IS goes for $1200 to $1700 more than the 500/4L IS, on eBay in North America.


Feb 13, 2012 at 09:21 AM
PetKal
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p.1 #19 · Canon 500mm IS ver -1 (still rocket high?)


RazorTM wrote:
Why are used 600mm f/4 IS lenses about the same price as used 500mm f/4 IS lenses


Perhaps one of the reasons is that the demand for 600 f/4 MkI is lower.

600 f/4 MkI is a very heavy and unwieldy lens. Those people who want 600mm and who value lens portability and their own comfort, will try to stretch their budgets every which way in order to get the much lighter Mk II version.

Because of their phenomenal weight reduction, 400 II and 600 II are game changers. The 300 II and 500 II are not IMO.



Feb 13, 2012 at 09:24 AM
StarNut
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p.1 #20 · Canon 500mm IS ver -1 (still rocket high?)


RazorTM wrote:
Why are used 600mm f/4 IS lenses about the same price as used 500mm f/4 IS lenses


Speaking only for myself, I chose to pay $7k for a new 500 a few months ago, rather than the same price for a LN 600, because I can hand hold the 500 for brief periods, and I didn't think I could do that with the 600. The extra reach wasn't worth, to me, the loss in portability.



Feb 13, 2012 at 09:27 AM
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