Hugely Disappointed In 5D III Price

[darrengreer]

Any Rumors on 5D Mk II Price Drop $ Figures?

There is no way in heck as an amateur I'll be able to justify the mark III, but I'm probably going to buy the mark II, but not sure when it will be safe to do that. I've found a good price here:

http://bestpricephoto.com/h/product_info.php/canon-eos-5d-mark-ii-211-megapixel-digital-camera-body-p-17452?csv=gg&osCsid=bf0b926da9798ef2fae7a536460da34e

But, do we expect it to drop further than that?

 

[nighstar]

Re: Mark III Price turning you off? Considering a different model now?

i will probably end up buying the Mark III for $4,200 AUD, but i won't be the least bit happy about the price! the only reason i even can is because my S.O. is an awesome person who's ok with me paying him/us back. :-[

to be honest, i would be completely happy with "just" a Mark II if it weren't for the AF. i need fast AF (and low light performance) for animal photography and nothing else i own can do it right. my miss rate is utterly frustrating. so that, and pretty much that alone, is my reason for forking out $$$$. everything else is gravy.

 

[nex-s]

Re: IM FED UP OF PEOPLE COMPLANING ABOUT THE 5DIII PRICES.

Why wouldn't we complain? 5D mk II costs ~1500 pounds, 5D mk III will cost around ~2500 pounds. Ridiculous.

Even more so when you consider the evolution. If Continues like this then you'll pay 4500$ for your next 5D or whatever only because it will have an even more improved sensor or smth. SO WHAT? SO WHAT THAT IT IS IMPROVED? You don't charge people for something that is improved over a several year old camera or anything else for that matter. If everyone would make the prices like Canon do now with these new releases, then your VW Golf 10 will cost you 5 times more in the future than it does now. (considering the value of money doesn't change). So where is the logic? If I buy a laptop with an i7 processor now for 1500$ ir whatever and in 4yrs the same laptop with the new generation processor will cost me 2500$?!?!?! Just because it's evolving?! That's just absurd! And that is exactly what everyone is complaining about. If you are happy with the price now, don't be surprised the next 5D will cost you the same 30% more than this mk III one when it comes out. In the end we'll pay more than twice as much for cameras than we do now just because they have evolved... Basically, we shouldn't pay the same price for old gear after it's been out there for several years...

 

[necator]

Re: IM FED UP OF PEOPLE COMPLANING ABOUT THE 5DIII PRICES.

It's not fair but hey, if you think that US consumers are getting a great deal, go ahead and exchange your money, buy the camera from a US seller , and see what price you end up paying. After you do this and pay about an extra $1000 USD you'll understand the price and exchange rates don't work out that way. It's all based on relative purchasing power... Not the actual exchange rates.

The problem is: Canon refuses to repair foreign cameras (and lenses and so on) which are not from the same country. (Well, and if laws forbid that, they'll send it over the big pond for repair ... have some happy moths waiting). Not to mention warranty. They do this, since (at least for Europeans) you people in the US really get the GREAT DEAL. Really.

 

[nighstar]

Re: IM FED UP OF PEOPLE COMPLANING ABOUT THE 5DIII PRICES.

sorry, but this made me laugh...

 

[fifthblade]

Re: IM FED UP OF PEOPLE COMPLANING ABOUT THE 5DIII PRICES.

I have no problem with the $3499 rrp, I do have an issue with the UK retail of £2999 though.
Which at today's exchange rate would make it $4755US.

I just don't see how its justified for UK residents to be expected to pay an extra $1256US for the exact same product. But its hard to blame Canon for something that happens with every manufacturer on every electrical item, in nearly every store in this country.
We pay through the nose on pretty much everything, our wages are considerably lower than most of the rest of Europe and our costs of living considerably higher.

So consider this more of a general 'Rip-off' Britain moan than a 'angry at the 5dmk3 price' one.

I'm still hopefull for Amazon.co.uk really,
They routinely sell Apple products in the UK at far less than the Apple Discounted Education or pro account rate.
I'll wait until they list the body and see if the situation improves.

 

[caMARYnon]

Re: IM FED UP OF PEOPLE COMPLANING ABOUT THE 5DIII PRICES.

31 000 Swedish kronor

translated

4 654.805 U.S. dollars

While it seems simple to compare the pricing " injustice" by simply using an exchange rate, that is would be so far from how pricing is actually determined in different countries and markets. The USD price of the camera is based on US consumer purchasing power, the exchange rate and fair market value.

It's not fair but hey, if you think that US consumers are getting a great deal, go ahead and exchange your money, buy the camera from a US seller , and see what price you end up paying. After you do this and pay about an extra $1000 USD you'll understand the price and exchange rates don't work out that way. It's all based on relative purchasing power... Not the actual exchange rates.

For those interested in market pricing strategy
http://en.wikipedia.org/wiki/Purchasing_power_parity

In Romania 16 000 RON means 3.680 EURO or 4.878 US$ ... so, jbwise01, just empty words

 

[Axilrod]

Re: IM FED UP OF PEOPLE COMPLANING ABOUT THE 5DIII PRICES.

Yeah I'm kinda fed up with people complaining about prices too, but I'm not going to tell them to shut up. I've spent the last month trying to tell people that $3500 was accurate and what I noticed was, people didn't really use reason. It boiled down to this:
1) Anyone that couldn't/wouldn't pay $3500 didn't want it to be $3500
2) Anyone that could/would pay $3500 didn't care

It sucks when you really want something and it's released and not in your price range, but come on it's not like no one saw this coming! The price has been up for a month, and it's interesting that people welcomed and accepted every single spec except the price. "Oh well the rest of the list looks good but the guy must have misheard/misread the price." or "that's gotta be the kit price"--- even though that would put the body within a couple hundred bucks of the 5DII, which would be foolish. I even saw someone suggest $3500 was the price with the 24-70 II, which seriously made me laugh so hard I was almost crying.

 

[scubasteve03]

Re: Any Rumors on 5D Mk II Price Drop $ Figures?

There is no way in heck as an amateur I'll be able to justify the mark III, but I'm probably going to buy the mark II, but not sure when it will be safe to do that. I've found a good price here:

http://bestpricephoto.com/h/product_info.php/canon-eos-5d-mark-ii-211-megapixel-digital-camera-body-p-17452?csv=gg&osCsid=bf0b926da9798ef2fae7a536460da34e

But, do we expect it to drop further than that?

STAY AWAY from that website. Look at it on resellerratings.com. You will never get your camera from them at the agreed to price. It's well known scam.
I think the 5d mk ii will get down to $2k new, so hopefully we can find them used for around $1700 when people start selling off theirs to upgrade.

 

[caMARYnon]

Re: IM FED UP OF PEOPLE COMPLANING ABOUT THE 5DIII PRICES.

Yeah I'm kinda fed up with people complaining about prices too, but I'm not going to tell them to shut up. I've spent the last month trying to tell people that $3500 was accurate and what I noticed was, people didn't really use reason. It boiled down to this:
1) Anyone that couldn't/wouldn't pay $3500 didn't want it to be $3500
2) Anyone that could/would pay $3500 didn't care

It sucks when you really want something and it's released and not in your price range, but come on it's not like no one saw this coming! The price has been up for a month, and it's interesting that people welcomed and accepted every single spec except the price. "Oh well the rest of the list looks good but the guy must have misheard/misread the price." or "that's gotta be the kit price"--- even though that would put the body within a couple hundred bucks of the 5DII, which would be foolish. I even saw someone suggest $3500 was the price with the 24-70 II, which seriously made me laugh so hard I was almost crying.

Agree 100%. But what you say about almost 5k US$ for 5D3 ?

 

[almograve]

Price in europe is 3999euro http://www.fotokonijnenberg.be/product/1631461/canon-eos-5d-mark-iii-body.html
It's 5299$ !!!!
are they crazy!

In (Finland) Rajala Proshop it's only 3799€ http://tinyurl.com/83cbsem For some reason they got 5D2 image for it :/ probably they going to change it soon.

Get yourself a nice airplan ticket to NYC with your girlfriend and a couple hotel nights. You'll enjoy NYC, a game at the Madison square garden and then you go to B&H and you buy everything you need. Overall you have spent the same amount of money and you are HAPPY.
That's what I do.

 

[GoldenEagle]

[quote author=SRHelicity]
We, as consumers, should demand more. I still maintain that the 5D3 should be <= $3k. I'm not a professional, nor do I make big $$, so $3500 is a significant chunk of change for me. If I had a 5D2, I couldn't see myself justifying spending $3500 (+ tax) for the 5D3. I currently have a 60D, and I've been looking to jump up to FF, but I'd rather get a budget FF (<$2k) with 3-4 fps, less sophisticated AF and AE, etc.; I may end up with a 5D2 assuming the price drops.
[/quote]

Sorry, while a nice sentiment, and perhaps even a popular sentiment, that's not how business works. Consumers don't get to set pricing based on what an item "should be". Pricing of a sole-source product is set by the seller based on what the market (as a whole) will bear. If all preorders are filled in days, the camera is out of stock, and then people are waiting until April/May for a 5DM3 body, Canon might learn that the $3500USD price was too low (from their perspective)!

As a consumer, all you can do is buy or not buy. Begging or wishing might get you some thumbs up on a forum, but will be largely ineffective with the seller.

For a lot of people, a used 5DM2 + a great lens (or 2!) is a far better use of funds.

 

[SwanSong]

huge corporations often hedge currency rates so not to disrupt pricing. I'm not sure if that is something practiced by Canon or Nikon but Car companies have been doing it for a long long time. That is how BMWs released in the mid 2000's did not see a relative price increase in the US even though the Euro had rallied more than 50% on the dollar during that time.

older article but i'm sure most of the principles still apply:

http://www.gocurrency.com/international-foreign.htm


I pre-ordered it this morning at Amazon, just in case Canon makes a price decrease or I decide to just bite the bullet. But I am leaning heavily to just buying a 5D2 with a 70-200 2.8: MKII and calling it a day.

 

[GoldenEagle]

This may have been a strategic move. It opens up a huge price gap in the canon line that should be filled.

7D: $1700
next body
5DIII: $3500

Seems odd that canon would have a camera 20+ cameras priced up to $1700, then suddenly double the price before different body is offered. Something is going to fill that gap.

The 5DM2 will stay in the product line, with a current street price of $2300 - $2500. So for the time being it will be "previous body" instead of "next body"...

 

[mjp]

Re: IM FED UP OF PEOPLE COMPLANING ABOUT THE 5DIII PRICES.

It always amazes me the ignorance of some people. If you (OP and others who feel it is their right to tell people to 'shut up') don't care about the price, then hurry up to BH Photo or wherever, and pre-order. You just come across as an arrogant fool with a post like that.

I think the price is perfectly acceptable. The original 5D Mark II sold for around $2700 at launch (please confirm as I don't exactly remember), so an increase is not all that surprising seeing as it has been 3 years. The price will go down so I would try and be patient if the price bothers you.

Canon will sell truckloads at this price, so I'm sure they are not too concerned about a few who are upset at the current price.

 

[Wahoowa]

Re: Any Rumors on 5D Mk II Price Drop $ Figures?

I thought the retail price of the old 5D Mark II would drop to $1999 as I thought the new 5D Mark III would be $2899. After seeing the price of the new 5D Mark III, I don't think the Mark II will be at $1999. I truly believe it'd be either $2299 or $2399.

 

[Axilrod]

We, as consumers, should demand more. I still maintain that the 5D3 should be <= $3k. I'm not a professional, nor do I make big $$, so $3500 is a significant chunk of change for me. If I had a 5D2, I couldn't see myself justifying spending $3500 (+ tax) for the 5D3. I currently have a 60D, and I've been looking to jump up to FF, but I'd rather get a budget FF (<$2k) with 3-4 fps, less sophisticated AF and AE, etc.; I may end up with a 5D2 assuming the price drops.

Are you serious?! This ISNT A CONSUMER CAMERA! You "maintain that the 5D3 should be $3k" because that's the price limit you had set in your head and now you're disappointed that it's not. I don't get it, there will always be stuff that people want but can't afford, but usually they just get the next cheapest alternative that fits their budget...but with this everyone is complaining and screaming about how it's not worth it.

If you don't have the money, they make other cameras that do not cost $3500, I suggest you get one of those. And you can say it's not worth $3500 all you want, but if the thing sells out obviously there are enough people that DO think it's worth it.

 

[meli]

[quote author=SRHelicity]
We, as consumers, should demand more. I still maintain that the 5D3 should be <= $3k. I'm not a professional, nor do I make big $$, so $3500 is a significant chunk of change for me. If I had a 5D2, I couldn't see myself justifying spending $3500 (+ tax) for the 5D3. I currently have a 60D, and I've been looking to jump up to FF, but I'd rather get a budget FF (<$2k) with 3-4 fps, less sophisticated AF and AE, etc.; I may end up with a 5D2 assuming the price drops.

Sorry, while a nice sentiment, and perhaps even a popular sentiment, that's not how business works. Consumers don't get to set pricing based on what an item "should be". Pricing of a sole-source product is set by the seller based on what the market (as a whole) will bear. If all preorders are filled in days, and then people are waiting until April/May for a 5DM3 body, we might learn that the $3500USD price was too low!

As a consumer, all you can do is buy or not buy. Begging or wishing might get you some thumbs up on a forum, but will be largely ineffective with the seller.

For a lot of people, a used 5DM2 + a great lens (or 2!) is a far better use of funds.
[/quote]

I doubt if its really "largely ineffective with the seller"; being the market how it is in both sides of the pond, the competition, and the premium for first time FFers (24-105 pack price, not even mentioning 24-70+grip+flash) i really cant foresee some great Q3-Q4 results for Canon with the current pricing policy

 

[jbwise01]

Re: IM FED UP OF PEOPLE COMPLANING ABOUT THE 5DIII PRICES.

31 000 Swedish kronor

translated

4 654.805 U.S. dollars

While it seems simple to compare the pricing " injustice" by simply using an exchange rate, that is would be so far from how pricing is actually determined in different countries and markets. The USD price of the camera is based on US consumer purchasing power, the exchange rate and fair market value...

For those interested in market pricing strategy
http://en.wikipedia.org/wiki/Purchasing_power_parity

In Romania 16 000 RON means 3.680 EURO or 4.878 US$ ... so, jbwise01, just empty words

No... I am trying to explain that prices cannot be converted using the nominal exchange rate. Economics unfortunately is not that simple. If you want to know why prices have been higher in non US markets than the exchange rate would suggest.

Read this:
http://www.imf.org/external/pubs/ft/fandd/2007/09/pdf/basics.pdf

The simple fact is this.. If non US consumers began purchasing a product priced under their local equivilant exchange rate conversion, the demand in the US would soar, Canon would then raise the US price to discourage arbitrage, or they would lower the prices in local markets until demand was more equal in all markets. Like all products, prices are based on supply and demand. The seller has some things on their side that would let the price stay at a high level longer than the demand vs. supply would suggest, but over tiem, the consumer has the leverage. If you want the price to drop, don't buy ituntil it is a price you think is fair.

 

[darrengreer]

Re: Any Rumors on 5D Mk II Price Drop $ Figures?

Thanks for the feedback on those guys, I'll stay away from them. I agree that the new price of the mark III is probably going to allow Canon to keep the mark II price up :/