Ugly Hedgehog - Photography Forum
Home Active Topics Newest Pictures Search Login Register
Main Photography Discussion
Selling camera gear
Page <<first <prev 4 of 4
Mar 20, 2020 17:29:08   #
leftj Loc: Texas
 
cboysen wrote:
Recently I opted to sell my Nikon gear to one of the big New York camera stores. I sent in a list of my gear and received a preliminary estimate of $XYZ.00. I sent everything in and after 2 weeks I received a check for $XYZ.00. I was upset that apparently no second estimate had been done because my gear was brand new, unused, and spotless. When I wrote and asked why the preliminary and final amounts were the same, they wrote back that that was the way they did business, or words to that effect, and that I could take it or leave it. Painfully I agreed to take it, rather than go through the whole process with another company or two or three. My question: has anyone else gone through a similar experience?
Recently I opted to sell my Nikon gear to one of t... (show quote)


Preliminary means the estimate is subject to receipt and inspection and based on your description of the gear.

Reply
Mar 20, 2020 19:17:00   #
ronpier Loc: Poland Ohio
 
cboysen wrote:
Recently I opted to sell my Nikon gear to one of the big New York camera stores. I sent in a list of my gear and received a preliminary estimate of $XYZ.00. I sent everything in and after 2 weeks I received a check for $XYZ.00. I was upset that apparently no second estimate had been done because my gear was brand new, unused, and spotless. When I wrote and asked why the preliminary and final amounts were the same, they wrote back that that was the way they did business, or words to that effect, and that I could take it or leave it. Painfully I agreed to take it, rather than go through the whole process with another company or two or three. My question: has anyone else gone through a similar experience?
Recently I opted to sell my Nikon gear to one of t... (show quote)


IMO they paid you the full amount of the estimate. If you were not satisfied with the estimate you should not have sent in your gear. You pretty much gave them the OK to complete the deal and pay you the estimated price. Seems fair to me.

Reply
Mar 20, 2020 21:31:15   #
Lagoonguy Loc: New Smyrna Beach, FL
 
I just completed a sale of some of my Nikon equipment to MPB and they paid me 40% of what I paid for it new. The equipment averaged 3.5-6 years of age and I rated it mostly in excellent shape and they apparently agreed with my ratings because they paid me only $5 less than their preliminary bid for all ten items. I was pleased with the price they paid me. I did hate to take a loss on some very like new lenses but I was not using them and wasn’t going to use them so MPB did me a favor and someone will get some very nice gear for a good price. I have purchased from MPB recently and was very pleased with the transaction. Roberts also does a very good job. KEH, who I have purchased from and was pleased with the gear I bought, did not offer me near as good a deal as MPB. I may have done better selling the gear myself here and elsewhere but with a lot more hassle with that many items. I have no complaints.

Reply
 
 
Mar 20, 2020 21:50:06   #
ronpier Loc: Poland Ohio
 
Lagoonguy wrote:
I just completed a sale of some of my Nikon equipment to MPB and they paid me 40% of what I paid for it new. The equipment averaged 3.5-6 years of age and I rated it mostly in excellent shape and they apparently agreed with my ratings because they paid me only $5 less than their preliminary bid for all ten items. I was pleased with the price they paid me. I did hate to take a loss on some very like new lenses but I was not using them and wasn’t going to use them so MPB did me a favor and someone will get some very nice gear for a good price. I have purchased from MPB recently and was very pleased with the transaction. Roberts also does a very good job. KEH, who I have purchased from and was pleased with the gear I bought, did not offer me near as good a deal as MPB. I may have done better selling the gear myself here and elsewhere but with a lot more hassle with that many items. I have no complaints.
I just completed a sale of some of my Nikon equipm... (show quote)


I have purchased from MPB in the past. When they say “like new” it really is like new.

Reply
Mar 21, 2020 00:31:49   #
tropics68 Loc: Georgia
 
ronpier wrote:
IMO they paid you the full amount of the estimate. If you were not satisfied with the estimate you should not have sent in your gear. You pretty much gave them the OK to complete the deal and pay you the estimated price. Seems fair to me.


YUP!

Reply
Mar 21, 2020 03:26:20   #
User ID
 
Today we took in a Nikon two-lens starter kit, like new in all original boxes that normally retails about $500. Despite proof that it was purchased six weeks ago, the seller received $200, and that was very fair.

After expenses ... staff time, listing fees or eBay commission, PayPal fee, packing and shipping ... we will clear about $120, a 60 percent margin.

If the kit lingers a while unsold and Nikon lowers the MSRP then we will see less than that 60 percent.

If the seller were to regret selling, it will cost him about $275 to buy it back, so as to cover our costs and allow us to just break even.

Nissan offered me $17,000 for my personal vehicle. The used vehicle retail on this model is $27,000 ... there’s your 60 percent again, unless it lingers too long in inventory.

This is how the cookie crumbles.

Reply
Mar 21, 2020 03:44:57   #
2Much Loc: WA
 
Lagoonguy wrote:
I just completed a sale of some of my Nikon equipment to MPB and they paid me 40% of what I paid for it new. The equipment averaged 3.5-6 years of age and I rated it mostly in excellent shape and they apparently agreed with my ratings because they paid me only $5 less than their preliminary bid for all ten items. I was pleased with the price they paid me...


I have to put in a plug for MPB. I sold them half a dozen lenses this past fall and while I estimated their conditions as realistically as I could, I was prepared for MPB to revise the preliminary estimate upon inspection. They disagreed with only one of my ratings, revising an "Excellent Condition" to "Like New" and paying me the higher price!

Reply
 
 
Mar 21, 2020 12:06:42   #
cambriaman Loc: Central CA Coast
 
I have always believed the estimate they send is "an offer to buy", not a starting point for negotiation. Business is business. IF you brought the gear in yourself and asked eye-to-eye for what they would offer, I think that could be the start of a "can you do better" or "is that your best offer" discussion. By mail, consider it a done deal.

Reply
Mar 21, 2020 15:25:17   #
Dannj
 
cambriaman wrote:
I have always believed the estimate they send is "an offer to buy", not a starting point for negotiation. Business is business. IF you brought the gear in yourself and asked eye-to-eye for what they would offer, I think that could be the start of a "can you do better" or "is that your best offer" discussion. By mail, consider it a done deal.


Agree. They can give you an estimated value based on your description which, if you’ve been honest, should hold up upon inspection. You don’t have much flexibility once the gear is in their hands and they’re not likely to cover return shipping if you don’t like the offer.

Reply
Mar 23, 2020 20:28:00   #
usnret Loc: Woodhull Il
 
A while back I bought a wood lathe with it in mind that I wanted to turn a variety of pieces made from the more exotic hardwoods. I soon found out that the best way to make a small fortune in wood turning is to start with a large one

Reply
Mar 23, 2020 20:40:06   #
Notorious T.O.D. Loc: Harrisburg, North Carolina
 
As a long time woodworker I can agree that wood turning is not as easy as the good turners make it look. I look at it as a special area of woodworking the same as carving and some other specialties. I can do some but don’t do nearly enough to be proficient. At least we have lots of YouTube videos to watch and learn that weren’t there when I started in the early 1980s.

usnret wrote:
A while back I bought a wood lathe with it in mind that I wanted to turn a variety of pieces made from the more exotic hardwoods. I soon found out that the best way to make a small fortune in wood turning is to start with a large one

Reply
 
 
Mar 23, 2020 22:20:11   #
usnret Loc: Woodhull Il
 
Notorious T.O.D. wrote:
As a long time woodworker I can agree that wood turning is not as easy as the good turners make it look. I look at it as a special area of woodworking the same as carving and some other specialties. I can do some but don’t do nearly enough to be proficient. At least we have lots of YouTube videos to watch and learn that weren’t there when I started in the early 1980s.


Way back in the day my dad got a great deal on a lathe at a farm auction ($8.00) for my tenth birthday. Either of us knew much about using one but with a lot of trial and error I kinda sorta got the hang of it. My first "master piece" was a candle stick holder made from a green log of hedge wood. It was a real beauty for the first week or two then it faded from yellow to brown and split like crazy. At least I wasn't out any money. The log came from a tree in our timber that dad cut down to make a few fence posts out of. Have you ever shopped on line at a site named Cooks Woods. I liked shopping there because of the variety and they post a picture of each piece they offer. From bowl blanks to dimensional lumber they got it all. Worth a look anyway. I shut down my sawdust factory last fall mostly because of the health risks associated with many of the toxins found in so many of the exotics. That's not to say there aren't high cfm filters out there to control that but I don't see it being worth my while. Nowadays I mostly work on improving my photography skills, leastwise I'm not out much money in that endeavor.

Reply
Mar 25, 2020 10:48:33   #
safariman
 
camerapapi wrote:
You have one with a similar experience here and I learned the lesson. They give us pennies and sell for good dollars and understand I am aware they have to make business for an earning.
If I had to do it again I would do business with MPB if I do not try to sell it elsewhere.


Who is MPB?

Reply
Apr 7, 2020 14:44:29   #
cboysen Loc: Homewood, IL
 
What do you mean online? To whom? Could you give me some names, companies, etc? Thanks.

Reply
Page <<first <prev 4 of 4
If you want to reply, then register here. Registration is free and your account is created instantly, so you can post right away.
Main Photography Discussion
UglyHedgehog.com - Forum
Copyright 2011-2024 Ugly Hedgehog, Inc.