If you go to CanonPriceWatch and look at the price history charts for the 5D series there is a pattern of price drops often beginning as early as one year after introduction and continuing until the introduction of a subsequent model. The surprising thing is not that the R5 price has dropped, it is that the R5 price has held steady for as long as it has, only starting to drop around November of last year. That Canon kept the price high for so long is likely the result of pandemic shortages that keep demand above supply for longer than usual.
If the usual pattern holds, the R5 will remain at or near current prices until shortly before an announcement of the R5 II. Once the R5 II announcement is imminent, we may see another significant drop in price.
CanonPriceWatch is useful if you're looking to buy at a price lower than Canon allows their official dealers to advertise.
The CPW graph shows the 5D Mark IV price for the entire month of June 2019 was $2,799. I just double checked my B&H invoice. I bought mine plus free grip at an advertised price of $2,599 on June 19, 2019. It was an official Canon "instant rebate" and freebie promotion that only lasted for a week or two, but CPW doesn't show it at all.
But I was mainly referring to the "free grip" deal that seems to hit in late spring on the third year after introduction.
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