Selling camera gear
Mar 20, 2020 10:07:35 #
That sounds fine to me. You're just lucky that they didn't lower the estimate, which seems to be common practice. They told you what it was worth, and they sent you a check for that. Perfectly reasonable.
Posting the name of the dealer and the amount involved wouldn't hurt.
Posting the name of the dealer and the amount involved wouldn't hurt.
Mar 20, 2020 10:19:05 #
olemikey
Loc: 6 mile creek, Spacecoast Florida
47greyfox wrote:
I believe the rule of thumb for selling equipment to resellers like Adorama, B&H, KEH, MPB, etc is not to expect more that 60-70 per cent of their resale value. Your equipment was likely “like new,” for classifying purposes, certainly not “new.” The retailer can’t sell your equipment as new, regardless of condition. As for receiving what they estimated, you shouldn’t be surprised. The vast majority of your type of transactions end just like yours.
Reality with consumer grade goes like so - example; Excellent condition/ low count, still smells new Nikon D7100 - offers from around $100 to 140 from all of them (couple months back). All of the resellers said the same thing; Nikon made and sold a long ton of the D7xxx series, very popular (still are) but when a new model/series comes out the used trade-in prices fall, and they want to sell it for $300 minimum, maybe a bit more....but they have taken in 20-30-40 of them, so the offers fall.
Mar 20, 2020 10:43:47 #
cboysen wrote:
Recently I opted to sell my Nikon gear to one of t... (show quote)
Life is full of decisions. You made yours. They are a reputable company, and fair. They gave your a fair quote, that they would make money in, and you accepted..
Mar 20, 2020 11:50:31 #
Paul Diamond
Loc: Atlanta, GA, USA
Hi, Only want to reply if I can add a few useful scraps of info not already posted.
For cameras, you always need the shutter activation count to get the highest price. Any lens that is not the latest (current) generation of design for that lens will be dramatically reduced in value.
I sell on ebay. And buy photo and other gear there too. Never sell out of desperation. If the market is down, like now, you will get few interested buyers and must accept lower prices for your equipment. Stay out of today's market unless you absolutely must. Buying or selling should almost be a "zen" type of experience to be successful and less stressful. You become part of the 'flow'. Not even the rare item is guaranteed to be yours unless you are willing to pay perhaps a large premium to get it. So, you won't get this item, this auction. It's not the end of the world. Wait and watch. The right chance might not be today, or even this month.
For cameras, you always need the shutter activation count to get the highest price. Any lens that is not the latest (current) generation of design for that lens will be dramatically reduced in value.
I sell on ebay. And buy photo and other gear there too. Never sell out of desperation. If the market is down, like now, you will get few interested buyers and must accept lower prices for your equipment. Stay out of today's market unless you absolutely must. Buying or selling should almost be a "zen" type of experience to be successful and less stressful. You become part of the 'flow'. Not even the rare item is guaranteed to be yours unless you are willing to pay perhaps a large premium to get it. So, you won't get this item, this auction. It's not the end of the world. Wait and watch. The right chance might not be today, or even this month.
Mar 20, 2020 12:16:12 #
Manglesphoto wrote:
I really hate to say this, but your New equipment is no longer new once you take delivery , and you are not going to get near what you paid for from a retailer. Once an estimate is given about the only way it can go is down.
Try reselling a brand new car to a dealer!!
Try reselling a brand new car to a dealer!!
Mar 20, 2020 12:23:35 #
Lucky to have a good regional camera store 50 miles away. Sold/traded several times and was satisfied.
Roberts Camera in Indianapolis.
Roberts Camera in Indianapolis.
Mar 20, 2020 12:31:48 #
JFCoupe
Loc: Kent, Washington
In looking at many on-line ads for used gear, there is at least a 50% off of new prices for most cameras and even more it there are several newer models on the market. Lenses seem to do a bit better.
And since camera stores need to make a profit they are generally offering about half the value you see for the same item on a site like UHH.
Seller has two options. Take the retailer's very lower offer, get your cash quickly and move on or list on UHH or ebay, etc, wait for a buyer, worry about getting paid, shipping the items, etc. for a bit more money.
And since camera stores need to make a profit they are generally offering about half the value you see for the same item on a site like UHH.
Seller has two options. Take the retailer's very lower offer, get your cash quickly and move on or list on UHH or ebay, etc, wait for a buyer, worry about getting paid, shipping the items, etc. for a bit more money.
Mar 20, 2020 12:32:13 #
CHG_CANON wrote:
The easiest way to make money as a photographer is to sell your equipment.
Amen brother!
Mar 20, 2020 13:12:10 #
kenabr
Loc: S.E.Wisconsin
cboysen wrote:
Recently I opted to sell my Nikon gear to one of t... (show quote)
I too took my old Nikon equipment to a company that had a meet at a near by camera store. Like a fool I accepted their price. The middle man always wins. I'll never again sell like that. Post your equipment on this site or e-bay to get anything close to what its worth. I do buy from these people. They do sell good merchandise for way less than new. I've bought lenses from them that were like new.
Mar 20, 2020 13:49:56 #
nadelewitz
Loc: Ithaca NY
cboysen wrote:
Recently I opted to sell my Nikon gear to one of t... (show quote)
What exactly are you complaining about? The dealer made an offer, you sent in your stuff, and they paid what they offered.
If you want to shop around for a better offer, do it BEFORE accepting the first offer.
Also keep in mind that a dealer can change their offer downwards after seeing your stuff. This is the way ALL used dealers operate, and it is perfectly legit and reasonable. Your idea of "brand new, unused and spotless" may have been somewhat exaggerated.
Mar 20, 2020 14:15:35 #
Mar 20, 2020 14:38:53 #
kscanman
Loc: Wisconsin
TonyL wrote:
They based their offer on your description of the kit. Had it turned out not to be in the condition described no doubt they would then have offered less. No one forced you to accept their original offer. The forces of supply and demand apply and they're in it to make a profit on the resale and cover their overheads. Accept your lot and move on!
Maybe you could have used letgo.com to sell stuff in your area. I have had VERY good luck buying camera equipment. Because I have used Canon cameras I know what to look for if something isn’t right. In your cars you can make the money and you won’t have to deal with shipping charges.
Mar 20, 2020 15:09:53 #
Picture Taker
Loc: Michigan Thumb
They could paid as promised. Some places could have pointed out a detail and asked to pay less. They kept the contract.
Mar 20, 2020 17:10:05 #
Retail stores need to make a profit to stay in business. I have delt with Roberts in Indiana both selling and buying and am impressed with their professionalism and service. In one instance after receiving their quote I decided to try selling on UHH and was able to get a higher price dealing directly. There was no problem turning down their offer and dealing by email was cordial and professional.
I just bought a 4/3rds Panasonic from Roberts that was rated good. I would have given it better than that and the order was promptly filled, shipped, well packaged and arrived quicker than expected.
I just bought a 4/3rds Panasonic from Roberts that was rated good. I would have given it better than that and the order was promptly filled, shipped, well packaged and arrived quicker than expected.
Mar 20, 2020 17:14:04 #
"I sent in a list of my gear and received a preliminary estimate of $XYZ.00."
What you thought - my stuff is better than they think so I will get an increase in price - thus the "preliminary estimate"
What they knew - that is the MOST you will get - if any issues with the gear we will reduce the estimate accordingly.
What you thought - my stuff is better than they think so I will get an increase in price - thus the "preliminary estimate"
What they knew - that is the MOST you will get - if any issues with the gear we will reduce the estimate accordingly.
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