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E-M1X: Does used price drop for used indicate a loss of favor?

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Alex Ethridge

Alex Ethridge

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I am seeing some drops in the price of used E-M1X as much as nearly 50% for cameras that are advertised as being in perfect working condition and with shutter counts below 4,000.

I haven't wanted one because of the price but this has my interest up, so is this price drop remarkable for some reason, or just average? I don't remember seeing this kind of drop for used in other recently-released prosumer cameras.
 
It's just that the camera was comically overpriced on release. It's a great camera, just not $3K worth of camera.
 
Last edited:
whumber said:
It's just that the camera was comically overpriced on release. It's a great camera, just not $3K worth of camera.
Click to expand...
You are a brave man :-)
 
Meh. I don’t know. I thought 3k$ was not too bad seeing as you are essentially getting a grip and extra battery and charger plus a three year warranty thrown in.



after a year of enjoyment I still think it was pretty fairly priced for what it does. That said, I got a nearly new (3599 shutter clicks) EM1 Mark one with a grip and three batteries and a decent lens for my wife for under four hundred bucks. Go figure. It is a great camera too at a tenth the cost.



CDC
 
In our current climate, it means nothing.
 
Alex, just in case you haven't noticed, the entire global economy is well and truly f****ed ...

An estate's shares I am looking after has had a value drop of about 30% in 10 days. Our own superannuation balances have dropped considerably. Estimates vary, but there has been an increase of around 1 million unemployed here in Australia in about 10 days.

Want to buy a cruise ship (live human transport vessel)? Scrap value only. Cost price? Maybe $100M or more ... Practically brand new.

[Edit]

Build costs here:

costaide.com

How Much Does Cruise Ship Building Cost In 2024?

costaide.com costaide.com

Priced between $250M and $1.4Bn ...
 
Last edited:
Chris DC said:
Meh. I don’t know. I thought 3k$ was not too bad seeing as you are essentially getting a grip and extra battery and charger plus a three year warranty thrown in.

after a year of enjoyment I still think it was pretty fairly priced for what it does. That said, I got a nearly new (3599 shutter clicks) EM1 Mark one with a grip and three batteries and a decent lens for my wife for under four hundred bucks. Go figure. It is a great camera too at a tenth the cost.

CDC
Click to expand...
Yes... a new EM1X on a good discounted promotion special, is worth it if one normally adds the cost of a power grip and spare battery to the cost of a new EM1.3. Based on the best deals I have seen in Australia, a new X would be several hundred dollars cheaper than a new EM1.3 + Power Grip + spare battery.

--
Addicted To Glass
M43 equivalence: "Twice the fun with half the weight"
"You are a long time dead" -
Credit to whoever said that first and my wife for saying it to me... Make the best you can of every day!
 
Last edited:
Chris DC said:
Meh. I don’t know. I thought 3k$ was not too bad seeing as you are essentially getting a grip and extra battery and charger plus a three year warranty thrown in.
Click to expand...
You're not wrong. E-M1ii + HLD9 and (one battery) were $2,300 on release and the M1X packs in a lot more componentry and features and performance. $700 worth? A very individual decision, that.

I'm glad it will remain as a unique pathway and even not owning one am itching to see which AI programs will be added. I had thought the 150-400 would be released with the E-M1iii and since that prediction went into the dumpster, how about M1X FW2 when the lens comes out. Think birders and sports shooters might be interested?

Cheers,

Rick
 
JaKing said:
Alex, just in case you haven't noticed, the entire global economy is well and truly f****ed ...

An estate's shares I am looking after has had a value drop of about 30% in 10 days. Our own superannuation balances have dropped considerably. Estimates vary, but there has been an increase of around 1 million unemployed here in Australia in about 10 days.

Want to buy a cruise ship (live human transport vessel)? Scrap value only. Cost price? Maybe $100M or more ... Practically brand new.
Click to expand...
Yes, the cruise industry is going to struggle to recover. I think people will be reluctant to cruise again due to so much negative publicity. Last night, I watched of how badly they "detail cleaned" rooms, even after the early warnings of Covid 19 had been announced. Historic outbreaks of gastro will not help either. These monoliths need to be full of passengers to make a profit. Imagine the wages of 2200 staff per day and fuel, maintenance, food for 8800 passengers and crew etc. Symphony of the Seas in 2016 cost $1.35 billion USD.

--
Addicted To Glass
M43 equivalence: "Twice the fun with half the weight"
"You are a long time dead" -
Credit to whoever said that first and my wife for saying it to me... Make the best you can of every day!
 
Last edited:
JaKing said:
Alex, just in case you haven't noticed, the entire global economy is well and truly f****ed ...

An estate's shares I am looking after has had a value drop of about 30% in 10 days. Our own superannuation balances have dropped considerably. Estimates vary, but there has been an increase of around 1 million unemployed here in Australia in about 10 days.

Want to buy a cruise ship (live human transport vessel)? Scrap value only. Cost price? Maybe $100M or more ... Practically brand new.
Click to expand...
John, I wouldn't mind a share of your cruise ship I will throw in a couple of quid , when my boss approves it :-). Joking aside however the health thing plays out the economic side of things is shaping up to be truly disastrous . I was just reading about the employment numbers in the USA

 
I wasn't going to say anything but I guess I will chime in here. This question is like asking why the stock price of a company ___ (and fill in almost any publicly traded company here) has recently gone down. Does this mean the company is bad? Of course not, and it really is the wrong question to ask. Back up a few feet and look at the bigger picture. We are seeing an economic melt down of epic proportions here - world wide. 3.28 million people just filed for unemployment last week...a record number EVER. E-V-E-R!

I own a busy consulting company and all of us are still cranking away at home with no loss of business - at least yet - even I am conserving cash and not even thinking about camera equipment at this time. My main concern is staying isolated and buying groceries safely. Why is the EM1x used price down?...are you kidding me?
 
Last edited:
galenapass said:
I wasn't going to say anything but I guess I will chime in here. This question is like asking why the stock price of a company ___ (and fill in almost any publicly traded company here) has recently gone down. Does this mean the company is bad? Of course not, and it really is the wrong question to ask. Back up a few feet and look at the bigger picture. We are seeing an economic melt down of epic proportions here - world wide. 3.28 million people just filed for unemployment last week...a record number EVER. E-V-E-R!

I own a busy consulting company and all of us are still cranking away at home with no loss of business - at least yet - even I am conserving cash and not even thinking about camera equipment at this time. My main concern is staying isolated and buying groceries safely. Why is the EM1x used price down?...are you kidding me?
Click to expand...
You are merely reiterating what I wrote.

Methinks that you meant to reply to the OP, not me ...

BTW, as a CPA, I have a pretty fair grasp of the enormous economic damage this is doing, and will continue to do for at least a number of years (probably a minimum of 5 years - my guesstimate).

It wil also almost certainly change the global economy for a very long time, even if not 'forever'.
 
JaKing said:
galenapass said:
I wasn't going to say anything but I guess I will chime in here. This question is like asking why the stock price of a company ___ (and fill in almost any publicly traded company here) has recently gone down. Does this mean the company is bad? Of course not, and it really is the wrong question to ask. Back up a few feet and look at the bigger picture. We are seeing an economic melt down of epic proportions here - world wide. 3.28 million people just filed for unemployment last week...a record number EVER. E-V-E-R!

I own a busy consulting company and all of us are still cranking away at home with no loss of business - at least yet - even I am conserving cash and not even thinking about camera equipment at this time. My main concern is staying isolated and buying groceries safely. Why is the EM1x used price down?...are you kidding me?
Click to expand...
You are merely reiterating what I wrote.

Methinks that you meant to reply to the OP, not me ...

BTW, as a CPA, I have a pretty fair grasp of the enormous economic damage this is doing, and will continue to do for at least a number of years (probably a minimum of 5 years - my guesstimate).

It wil also almost certainly change the global economy for a very long time, even if not 'forever'.
Click to expand...
 
JaKing said:
Alex, just in case you haven't noticed, the entire global economy is well and truly f****ed ...

An estate's shares I am looking after has had a value drop of about 30% in 10 days. Our own superannuation balances have dropped considerably.
Click to expand...
I grit my teeth.
JaKing said:
Estimates vary, but there has been an increase of around 1 million unemployed here in Australia in about 10 days.

Want to buy a cruise ship (live human transport vessel)? Scrap value only. Cost price? Maybe $100M or more ... Practically brand new.

[Edit]

Build costs here:

https://costaide.com/cruise-ship-building-cost/

Priced between $250M and $1.4Bn ...
Click to expand...
Spot on - non-essential items are going to be hardest hit. What is more non-essential than camera gear for anyone other than a pro-photographer?

What is an easier sold asset when times get tough?

What are items seen as non-essential going to do? Start from the highest priced type and work down form there.

Of course there will always be some still with some spare cash who will relish a bargain but wait another month and they will be really cheap - one person’s misfortune is another’s good buy.

20 years from now many much of the current best of type will be still in daily use.

If cruise ships are turning into floating scrap metal then surely there might be a few Dreamliners going cheap for those with the idea and the resources (not much) that they need a new private jet.

I guess there might be some call for a refitted cruise liner in the revived live export trade.

Airlines might recover but I suggest cruises have been well and truly “busted”.
 
galenapass said:
I wasn't going to say anything but I guess I will chime in here. This question is like asking why the stock price of a company ___ (and fill in almost any publicly traded company here) has recently gone down. Does this mean the company is bad? Of course not, and it really is the wrong question to ask. Back up a few feet and look at the bigger picture. We are seeing an economic melt down of epic proportions here - world wide. 3.28 million people just filed for unemployment last week...a record number EVER. E-V-E-R!

I own a busy consulting company and all of us are still cranking away at home with no loss of business - at least yet - even I am conserving cash and not even thinking about camera equipment at this time. My main concern is staying isolated and buying groceries safely. Why is the EM1x used price down?...are you kidding me?
Click to expand...
Fully agree.

Australia shut down non-essential businesses - bars, cafes, music and sports venues, etc and other places where people congregate. Leaving many businesses without income and relying on landlords to forgive or delay rent (even landlords have loans to service) - a sort of sending the riders of the apocalypse around the block to gather a bigger posse.

This led to swamping our social security service with thousands and thousands or newly jobless - most of whom might never have been unemployed before and all of them either with rent or mortgage commitments and no income. Don’t delay - pay these poor people and pay them generously - don’t make them wait a month to get on the unemployment money waggon.

Meanwhile social distancing rules and exhortations to “stay at home” have played merry havoc with businesses that were not forced to close in the first tranche. Plus we must not forget the airlines and the travel industry in general have already been thrown to the wolves.

So now we are getting roll on business closures from low spending for normal purposes. Only supermarkets and the medical “industry” are booming - a new riche might emerge from all this.

On the top rung of those that pull the levers there is no real guidance as to what they can do. Balanced budgets? What are they? Start printing money? Neo-con trickle down economics will not work and frankly I am not sure sure that anyone has a fool proof way of sorting this out. Just hang on and hope that we all get through this. But those with the least amount of liabilities and the most (devalued) cash might bounce a little rather than plop.

In any case give the money to the poor as they will spend it whilst those with plenty of money will hold on to it waiting to snap up the bargains.
 
Alex Ethridge said:
I am seeing some drops in the price of used E-M1X as much as nearly 50% for cameras that are advertised as being in perfect working condition and with shutter counts below 4,000.

I haven't wanted one because of the price but this has my interest up, so is this price drop remarkable for some reason, or just average? I don't remember seeing this kind of drop for used in other recently-released prosumer cameras.
Click to expand...
I think its a half and half of both. The EM1X's need to move and they aren't. Price must be lowered. Before all hell broke loose we were seeing discounts to $2600 USD? Or was it $2500? I forgot.

And on the other end, the camera would sell even less under the current climate.
 
James Stirling said:
whumber said:
James Stirling said:
whumber said:
It's just that the camera was comically overpriced on release. It's a great camera, just not $3K worth of camera.
Click to expand...
You are a brave man :-)
Click to expand...
Yes, I look forward to all the people who've never owned one weighing in based on their vast experience with the camera.
Click to expand...
Just because you own one will not pardon you for such outrageous declarations :-)
Click to expand...
Hey Jim. I own two of them. To be truthful, if I did NOT have the two big bike-a-thons where having the second slot as UHS-II and the built-in heat sink is a must, the E-M1 Mk III is a cheaper option. I may sacrifice a few shots and go with the Mk III to see if it will handle the heat load, keeping one of my E-M1X in reserve if I have to switch over to.
 
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