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|| SportsShooter.com: Member Message Board
What has Happened to Nikon's prices ?
Marc Browning, Photographer
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Wichita | KS | | Posted: 10:47 PM on 09.28.09 |
->> I was just looking at Some Nikon glass & can't beleave all there prices have gone up a lot.
My 200-400 was $5500 last year, now $6300. What has happened, has that many people gone over to Nikon that Nikon is making a killing on there equipment! |
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Danny Munson, Photographer
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San Dimas | Ca | United States | Posted: 10:51 PM on 09.28.09 |
| ->> So has Canon. I looked a few month ago as I was thinking about selling my 300 2.8 for a 400. Prices were $4100 for the 300 and $6700 for the 400. They are now. $4700 and $7500! |
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Jeff Bennett, Student/Intern
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Livermore | CA | USA | Posted: 10:53 PM on 09.28.09 |
| ->> The price hike is a pain in the butt, I was looking at the same thing you are Marc. What happened to the price is back in Feb. Nikon raised the prices on their lens by I think it was 15 percent. |
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Jack Megaw, Student/Intern, Photographer
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Pittsburgh | PA | America | Posted: 11:43 PM on 09.28.09 |
->> I saw that a couple of months ago looking at the price of the 200-400 on B&H. I assumed it was due to the resession and maybe to the US dollar dropping relative to the Japanese Yen?
Just a guess - does anybody else know the reason for the price hike?
-Jack |
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Mark Loundy, Photo Editor
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San Jose | CA | USA | Posted: 11:54 PM on 09.28.09 |
->> The dollar's down vs. the Yen. A yeart ago it was about 106 and now it's about 90.
http://finance.yahoo.com/echarts?s=USDJPY=X#chart1:symbol=usdjpy=x;range=1y;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined
--Mark |
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Jeff Mills, Photographer, Photo Editor
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Columbus | OH | USA | Posted: 12:31 AM on 09.29.09 |
->> Its nice if your selling some used glass as your resale value just went up, but its really frustrating to see how much more you've got to pay for a lens you were going to buy a few months ago.
I was going to pick up a 200 f2 VR and they used to be $3999, now they are over $5000. I ended up buying one used for about $4k which certainly was nice for a seller to be able to sell a used lens for as much as they bought it for. |
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Chuck Liddy, Photographer
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Durham | NC | USA | Posted: 12:34 AM on 09.29.09 |
| ->> you wanna play...you gonna pay! |
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Andrew Fredrickson, Photographer
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Seattle | WA | United States | Posted: 2:08 AM on 09.29.09 |
| ->> Both Canon and Nikon prices have gone up tremendously. I remember selling an excellent Canon 50mm F/1.2L last year for $950. I was looking at used prices earlier today and people are asking $1400... It seems to be a sellers market for lenses right now. |
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Michael Fischer, Photographer
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Spencer | Ia | USA | Posted: 6:54 AM on 09.29.09 |
->> What Mark said: The difference in currency values between the yen and dollar. And you didn't think that international currency issues don't effect you... guess again. If you have any equipment made in Japan that you want to sell, you may want to think about doing it now. Or wait, and roll the dice that the dollar will go down even more against the yen.
That's right, international currency trading is just like going to Vegas.... |
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Marc Browning, Photographer
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Wichita | KS | | Posted: 7:21 AM on 09.29.09 |
| ->> Thanks, I figured it had to be the exchange rate, but didn't think it was that much of a change. Well guess we can all hope it changes back someday. |
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Doug Holleman, Photographer
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Temple | TX | USA | Posted: 9:21 PM on 09.29.09 |
| ->> What really sucks is that a lot of used Nikon stuff is going for more than it was when it was brand new. Really tough to find a decent deal these days. |
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Gavin Werbeloff, Student/Intern, Photographer
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Atlanta | GA | USA | Posted: 10:12 AM on 09.30.09 |
| ->> With then end of the Yen carry trade (Where investors would take advantage of adbsurdly low interest rates in Japan and borrow in Yen, convert to dollars and buy treasuries, thereby eeking out consistent 1-1.5% profits on vast sums of borrowed money. When the fed cut interest rates, this became a much less lucrative practice), the demand for US dollars in Japan plummetted. This strengthened the yen agains the dollar, and hammered the big camera and electonics manufacturers. The $1000 lense you bought suddenly gave the 900,000 yen in revenues rather than the 1.06 Million Yen it did before. This was exasperated by the extreme weakness of the dollar. (Anyone who travelled to the UK in summer 2008 knows what I mean. The pound was more than 2:1) The camera companies adjusted prices in order to compensate. Nikon raised all prices 15% in February. Whack!! |
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