Ugly Hedgehog - Photography Forum
Home Active Topics Newest Pictures Search Login Register ☰
Main Photography Discussion
Fair Price Among Friends -- Question
Page <prev 2 of 3 next>
Jan 15, 2024 05:49:47   #
BebuLamar
 
I don't know if you can find out the price that places like B&H and KEH would buy and the price they would sell. Split the difference between these 2 prices would the most fair.

Reply
Jan 15, 2024 07:15:54   #
billnikon Loc: Pennsylvania/Ohio/Florida/Maui/Oregon/Vermont
 
KenProspero wrote:
Want to know what others think.

A friend wants to sell one of his lenses (Nikon Z 14-24 f/2.8). He's pretty much told me that he'll take whatever I offer.
My thought here -- he could easily sell the lens used to MPB or B+H for $1000-1100. He could probably get more from ebay, but has told me he doesn't want the hassle of doing that.

I could buy the lens grey market new for about 1700. (But this is more than I can justify based on my needs)

I'm thinking -- split the two numbers (say $1350 or 1400), but will only do this if it's 'fair', and would just pass on the lens rather than offering something unfair.

Thoughts
Want to know what others think. br br A friend wa... (show quote)


Look up your item in Ebay, see what it has actually SOLD for. Then, I take that average and usually add a couple of bucks to it.
You item is ony worth what someone is willing to pay for it.

Reply
Jan 15, 2024 07:55:17   #
foathog Loc: Greensboro, NC
 
dennis2146 wrote:
Why include grey market? That isn't in the discussion at all is it? As others have said, offer him what B&H would offer. That is fair to both of you.

Dennis


I agree. Why offer him MORE than he could possibly get by selling it on line??? Take a look and see what the camera shops are selling it for used. and then take a little money OFF! Hell you don't even have to hassle about freight!

Reply
 
 
Jan 15, 2024 08:15:11   #
kmielen Loc: Eastern NC
 
billnikon wrote:
Look up your item in Ebay, see what it has actually SOLD for. Then, I take that average and usually add a couple of bucks to it.
You item is ony worth what someone is willing to pay for it.


Remember, the sellers of the SOLD items actually received 13.5% less from eBay. Plus, you are not paying sales tax either.

Reply
Jan 15, 2024 09:28:27   #
FrumCA
 
I too agree with RG. Don’t risk the possibility of losing a friendship with a low-ball offer.

Reply
Jan 15, 2024 09:36:49   #
jerryc41 Loc: Catskill Mts of NY
 
KenProspero wrote:
Want to know what others think.

A friend wants to sell one of his lenses (Nikon Z 14-24 f/2.8). He's pretty much told me that he'll take whatever I offer.
My thought here -- he could easily sell the lens used to MPB or B+H for $1000-1100. He could probably get more from ebay, but has told me he doesn't want the hassle of doing that.

I could buy the lens grey market new for about 1700. (But this is more than I can justify based on my needs)

I'm thinking -- split the two numbers (say $1350 or 1400), but will only do this if it's 'fair', and would just pass on the lens rather than offering something unfair.

Thoughts
Want to know what others think. br br A friend wa... (show quote)


Selling to friends or family can be problematic. Suppose the lens develops a problem right after you buy it. Suppose you see one for sale for $200 less after you buy it? Suppose he realizes he could have gotten $200 more.

Many years ago, we sold my parents' VW camper to my wife's boss. Every time he had a complaint about it, he made sure to tell my wife. Even giving something away can cause relationship problems.

Of course, if you decline, and you buy it from another source, that will cause problems. Your only solution is to move far away and never contact him again. 😂

Reply
Jan 15, 2024 10:13:18   #
Dannj
 
I don’t get why you’re bringing the grey market price into play. Go with the B&H scenario. It’s a fair price for you to pay and he’ll get more than B&H would pay him.

Reply
 
 
Jan 15, 2024 10:27:51   #
jerryc41 Loc: Catskill Mts of NY
 
Dannj wrote:
I don’t get why you’re bringing the grey market price into play. Go with the B&H scenario. It’s a fair price for you to pay and he’ll get more than B&H would pay him.


I don't know, either, but gray market has no real warranty. There is also no warranty for the used gear. Still, used should be cheaper than gray.

Reply
Jan 15, 2024 10:40:25   #
Mark Sturtevant Loc: Grand Blanc, MI
 
I haven't looked at all the replies, but an option, only if you are up for it, is to borrow control of the items and sell them to B&H and wherever else. You manage all of that, and return all or most of the $ back to him. You should agree in advance about the details.

Reply
Jan 15, 2024 10:52:49   #
JD750 Loc: SoCal
 
KenProspero wrote:
Want to know what others think.

A friend wants to sell one of his lenses (Nikon Z 14-24 f/2.8). He's pretty much told me that he'll take whatever I offer.
My thought here -- he could easily sell the lens used to MPB or B+H for $1000-1100. He could probably get more from ebay, but has told me he doesn't want the hassle of doing that.

I could buy the lens grey market new for about 1700. (But this is more than I can justify based on my needs)

I'm thinking -- split the two numbers (say $1350 or 1400), but will only do this if it's 'fair', and would just pass on the lens rather than offering something unfair.

Thoughts
Want to know what others think. br br A friend wa... (show quote)
IMHO, I think you should do what you think is fair, instead of asking for opinions from a bunch of random guys on the internet.

Reply
Jan 15, 2024 11:12:23   #
Bayou
 
R.G. wrote:
Offer him what he'd get from B&H or MPB. Your friend isn't looking to make money out of you and you don't want to take advantage of him.



Reply
 
 
Jan 15, 2024 12:17:43   #
Scruples Loc: Brooklyn, New York
 
KenProspero wrote:
Want to know what others think.

A friend wants to sell one of his lenses (Nikon Z 14-24 f/2.8). He's pretty much told me that he'll take whatever I offer.
My thought here -- he could easily sell the lens used to MPB or B+H for $1000-1100. He could probably get more from ebay, but has told me he doesn't want the hassle of doing that.

I could buy the lens grey market new for about 1700. (But this is more than I can justify based on my needs)

I'm thinking -- split the two numbers (say $1350 or 1400), but will only do this if it's 'fair', and would just pass on the lens rather than offering something unfair.

Thoughts
Want to know what others think. br br A friend wa... (show quote)


I can understand your hesitation. For example, if a Hogger that I know would like to sell a Canon R3 with two lenses for $1500 would I buy it. Probably not! I might kick myself for years but I would lose a good friend! As appealing as the offer is, the body ($5K) alone is too tempting not to wonder why a friend (Hogger) is doing that. I can’t part with a good friend. Perhaps I am not good at business. But I am a good friend and that means more to me.
I would call my friend and we would go out to dinner, smoke some cigars and discuss the sale. But that is me and I don’t mind if someone were to call me foolish or worse.

Reply
Jan 15, 2024 12:19:17   #
Scruples Loc: Brooklyn, New York
 
JD750 wrote:
IMHO, I think you should do what you think is fair, instead of asking for opinions from a bunch of random guys on the internet.


This is a good approach. After all I am just a photographer lost behind a keyboard.

Reply
Jan 15, 2024 12:44:47   #
Toment Loc: FL, IL
 
MJPerini wrote:
If those are the circumstances, I would double check with B&H and if the number is still $1000-1100, I would have an honest conversation with him, show him the B&H numbers and say If you would be happy with this I'll bee happy to pay that amount. If he agrees you both get a good deal, You get a bargain because B&H will mark it up, and he will be saved the hassle of shipping boxing and waiting for a check.
Seems fair and quick

Yep. That’s the right thing to do.
Have fun with it


Reply
Jan 15, 2024 15:08:36   #
SkyKing Loc: Thompson Ridge, NY
 
…ask to try out the lens for a couple of days before offering him a price…?

Reply
Page <prev 2 of 3 next>
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
Home | Latest Digest | Back to Top | All Sections
Contact us | Privacy policy | Terms of use | DMCA
UglyHedgehog.com - Forum
Copyright 2011-2024 Ugly Hedgehog, Inc.