Regarding the price debate over 100mm f/2 Zuiko's: here are 3 year eBay
means for the 55mm f/1.2 Zuiko. This example better shows why condition
is important.
Skip's data: $181 +/- $84 s.d. (ebay 8 month average)
Paul's data: $230 to $255 (dealer asking prices)
Means differentiated by cosmetic condition for actual sales on eBay:
10- $300
10-? $200 (see #5 below)
9+ $214
9 $215
9- $184
8 $209
5 $142
4 $94
? $201
Conclusions:
1. Virtually everyone who sold one of these knew to give it a decent
condition description.
2. "Mint" examples command a significant premium.
3. There is no clear price differential on condition in the range of
KEH=BGN (8 or 9-) to KEH=Ex+ (9+); people are willing to spend about
$200 +/- $15 for one that isn't a collection piece.
4. Pricing a working example at $181 would underprice it in relation to
the auction market.
5. There was likely only one 10- condition sale during Skip's May 5,
1999 to February 1, 2000 data collection period and it was an outlier:
just $200 because the seller claimed "Mint" without anything to back up
the claim - and buyers didn't bite.
6. This lens is going up in value and a May 5, 1999 to February 1, 2000
analysis doesn't catch that trend, nor reflect the twelve 10- condition
sales over the last three year's.
7. Buyers are willing to spend about $60 to get a lens fixed, so
seller's with "as-is" and economically repairable samples can expect
about 600f market value.
The Managing Board for the OM Book is pondering just who the target
audience is for a book. If this kind of price information and
conclusions sparks an interest, than that kind of reader will be one
targeted for the book. Of course, there will be other content, too,
commanding different interests.
Gary Reese
Las Vegas, NV
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