Canon L Glass is currently priced at over $1200 / pound

[RGF]

Okay I'll admit I am crazy enough to put this analysis together. Then again after a year of retire (from Director of Marketing Analytics at a major CPG company) I miss number crunching.

Glad to share the data, I am sure that there a few items I missed. Right now all I am interested in is the top line. When I went deeper into the data, I found that older lens (2006 and early) had lower cost per pound $750 versus more current lenses $1,200. Lots of reasons for this - could be new lenses are more technologically advanced and harder to manufacture, include more expensive glass and metals, harder to raise prices than introduce a new product at a higher price point ...

 

[Mt Spokane Photography]

Re: Canon L Glass costs over $1200 / pound

Finance people sometimes price items by the pound, more often by the part count.

One salesman at a unnamed company where I worked back in the 1970's was said to have picked a price based on the number of a railroad train car going by his window after the customer asked for a better price. He made the sale, and it was big bucks

 

[jdramirez]

Re: Canon L Glass costs over $1200 / pound

I loved math until it betrayed me in calc 3. but I still dabble in meaningless number play. give me a good standard deviation spreadsheet and there I go trying to make sense or of nothing. so I appreciate what you did here.

Mr initial feeling is that your regression line is not where i would have put it, but I presume the computer made that decision.

 

[RGF]

Re: Canon L Glass costs over $1200 / pound

I loved math until it betrayed me in calc 3. but I still dabble in meaningless number play. give me a good standard deviation spreadsheet and there I go trying to make sense or of nothing. so I appreciate what you did here.

Mr initial feeling is that your regression line is not where i would have put it, but I presume the computer made that decision.

I constrained the line to have a zero intercept, without the constraint the intercept is around -900. Implications very light lens might be free ;D

There are actually several parallel lines, post 2005 vs 2005 and earlier. I am sure that there are other factors (zoom vs prime) ....

A couple of key learnings for me:

1. Around 2005 Canon had a major change in their price strategy
2. Price is protional to size (weight).

And remember what Twain said, "There are lies, damn lies, and statistics"

 

[RAKAMRAK]

Re: Canon L Glass costs over $1200 / pound

Very interesting, but I would say that there are 4 to 6 lenses which are driving the average price per pound up.

 

[thewaywewalk]

Re: Canon L Glass costs over $1200 / pound

what about inflation-adjustment?

that's the least you should do, and really split up primes and zooms.

 

[SouthTune]

Re: Canon L Glass costs over $1200 / pound

I think the word "cost" is not correct, this is a "list price/pound". In manufacturing terminology cost means the real "parts" price plus the cost of the "labour hours"...

 

[Loswr]

Re: Canon L Glass costs over $1200 / pound

All we need now is a plot of photographer income per pound of body weight, and we can start to put this all together...

 

[Click]

Re: Canon L Glass costs over $1200 / pound

All we need now is a plot of photographer income per pound of body weight, and we can start to put this all together...

Ha ha ha That's very funny ;D

 

[RGF]

Re: Canon L Glass costs over $1200 / pound

what about inflation-adjustment?

that's the least you should do, and really split up primes and zooms.

Current prices, not prices at time of introduction.

Looked at primes vs zooms, not as significant (eye ball test).

 

[Dylan777]

Re: Canon L Glass costs over $1200 / pound

I think the word "cost" is not correct, this is a "list price/pound". In manufacturing terminology cost means the real "parts" price plus the cost of the "labour hours"...

+1.....plus product future warranty service. Canon will not sell their products @ cost.

 

[RGF]

Re: Canon L Glass costs over $1200 / pound

Very interesting, but I would say that there are 4 to 6 lenses which are driving the average price per pound up.

Yes there are.

Great Whites (super teles, mostly mark II plus 800) plus 24-70 II and TS-E (speciality lens).

Pertains future prices we might see. Great glass will command high price.

 

[RGF]

Re: Canon L Glass costs over $1200 / pound

I think the word "cost" is not correct, this is a "list price/pound". In manufacturing terminology cost means the real "parts" price plus the cost of the "labour hours"...

+1.....plus product future warranty service. Canon will not sell their products @ cost.

okay should be price to consumer (or cost to me). I do not mean internal cost. I"ll see if I can change the title to avoid a semantic flame war

 

[RGF]

Re: Canon L Glass costs over $1200 / pound

I think the word "cost" is not correct, this is a "list price/pound". In manufacturing terminology cost means the real "parts" price plus the cost of the "labour hours"...

+1.....plus product future warranty service. Canon will not sell their products @ cost.

okay should be price to consumer (or cost to me). I do not mean internal cost. I"ll see if I can change the title to avoid a semantic flame war

Are you happy now that I reflect a more accurate statement to reflect what the end user pays versus the COG? Sorry for the careless use of the term cost :

 

[Dylan777]

Re: Canon L Glass costs over $1200 / pound

I think the word "cost" is not correct, this is a "list price/pound". In manufacturing terminology cost means the real "parts" price plus the cost of the "labour hours"...

+1.....plus product future warranty service. Canon will not sell their products @ cost.

okay should be price to consumer (or cost to me). I do not mean internal cost. I"ll see if I can change the title to avoid a semantic flame war

Are you happy now that I reflect a more accurate statement to reflect what the end user pays versus the COG? Sorry for the careless use of the term cost :

;D ;D ;D...

 

[SouthTune]

Re: Canon L Glass costs over $1200 / pound

I think the word "cost" is not correct, this is a "list price/pound". In manufacturing terminology cost means the real "parts" price plus the cost of the "labour hours"...

+1.....plus product future warranty service. Canon will not sell their products @ cost.

okay should be price to consumer (or cost to me). I do not mean internal cost. I"ll see if I can change the title to avoid a semantic flame war

Are you happy now that I reflect a more accurate statement to reflect what the end user pays versus the COG? Sorry for the careless use of the term cost :

Sorry, I just told that because when I first saw the subject I supposed that is reffering to the real cost of the glass. No intention for flame.... forget my post...

 

[RMC33]

Great post! I like Neuro's idea of weight vs income. Should add a 3rd variable there of Married/not married~ Being in the "not married" category I think gives me a bit more spending options on my gear~


Technically, the 200 f/2 is a gen 2 lens, replacing the 200 f/1.8 as it shares a load of features with the other great whites. I love that lens.....

 

[RGF]

Great post! I like Neuro's idea of weight vs income. Should add a 3rd variable there of Married/not married~ Being in the "not married" category I think gives me a bit more spending options on my gear~


Technically, the 200 f/2 is a gen 2 lens, replacing the 200 f/1.8 as it shares a load of features with the other great whites. I love that lens.....

Yea, lots of nuisances here. Could look at married/not married, kids/no kids, age or is mortgage bad off, does spouse have passion, ... but in the end I am not focus on what people spend (need a lot more data for that)

Rather lens prices tend to a function of (1) when original introduced which reflects marketing/pricing strategy at the time of introduction and (2) size of the lens as measured by its weight. Yes there are subtrends related to market size (TS and Great Whites have limited sales and are priced higher than more popular lens - except for the new 24-70 II).

 

[scottkinfw]

When I retire, I will take the pounds of white glass and shoot pics with them. But then again, I am a numbers "phobe"

What is even scarier than this is the price per gallon of printer ink. I remember an article where the ink is something like $4,000.00 per gallon in some cases.

sek

Okay I'll admit I am crazy enough to put this analysis together. Then again after a year of retire (from Director of Marketing Analytics at a major CPG company) I miss number crunching.

Glad to share the data, I am sure that there a few items I missed. Right now all I am interested in is the top line. When I went deeper into the data, I found that older lens (2006 and early) had lower cost per pound $750 versus more current lenses $1,200. Lots of reasons for this - could be new lenses are more technologically advanced and harder to manufacture, include more expensive glass and metals, harder to raise prices than introduce a new product at a higher price point ...

 

[RGF]

When I retire, I will take the pounds of white glass and shoot pics with them. But then again, I am a numbers "phobe"

What is even scarier than this is the price per gallon of printer ink. I remember an article where the ink is something like $4,000.00 per gallon in some cases.

sek

$4,000 does not surprise me, though I have never thought about that way. One US gallaon is 3785 MLs. At 12 ml per cartridge which costs around $12 (or $1 / ml) - that is close to $4,000 gallon. Yeeks - I buy 125 ml cartridges for my 4880 which cost around $50 or only $1500 gallon !! ;D