Selling 5D mk ll. Reasonable price?

[Leopard Lupus]

Hello CR folks!

With all the news of the 5D mk lll, I am considering selling one of my two 5D mk ll's. I purchased both refurbished from Canon USA.

First off, I am looking to post on Craigslist.

Is my asking price of a 5D mk ll in IMMACULATE condition with all accessories (except original box, of course) with 4032 actuations at $1775 unreasonable?

I want to sell one copy to fund the purchase of the mk lll even though it won't hit shelves until the end of summer (if not later) but the main point is to sell before the retail price drop, thus lowering the street price.

Thoughts?

 

[wickidwombat]

seems pretty reasonable to me
probably be prepared to drop a little from that
everybody loves to haggle ;D

 

[ereka]

A little too close to the new price for me. I might be tempted at around $1200 though

 

[wickidwombat]

I guess it depends where you are
they are still over $2500 here in the land of really expensive stuff

 

[Harley]

I agree with ereka, too. Sounds about right.

 

[ramon123]

It's going to drop to around $2000 soon so even though you have barely used it, $250 more for a new one I'd rather go with that option.

I think you are looking at $1500 - $1600 max.

 

[vuilang]

$1775 is the mid range of canon 5dII purchased new (not refurbished). Refurbished? i do expected less and I suggest you to sell it quick before they officially reduce the price of new one on march 2 (base on the rumor of price reduction 5d2)

 

[Maui5150]

What kills you is yours is refurbed.

People stating $1200 are whack and really don't know the market...

As a NEWER buyer of the 5D MK II (November), when Canon had Refurb Stock at $1999, and the new cameras were selling for $2200, the eBay / Craigslist price range for low shutter with box and everything was high 1700s to low 1800s (basically a little over $150 off the refurb) but the refurbs sell out quickly. When the refurbs were sold out, 1900s were not uncommon.

Some people actually like the refurbs over used since many feel they have been inspected, checked, and pretty much serviced again, and some think refurbs get even closer looks than the general manufacturing quality checks. I see more people championing what a great camera they got refurb, than those who regretted it.

We have not seen the "new lower" prices yet, but if new the body is $1999, and the refurb is $1799, then I would price your body at around 1550 - $1650 which is $150 - $250 off the refurb price. The refurbs sell out quickly.

What most people discount when they start throwing out prices of $1200 is the price of 7D bodies, and sorry, even with a lower price on the 5D, you will not see nearly new 5D MK IIs selling for less than 7D refurbs ($1350)

Even during the holidays, when the new 5D MK IIs could be picked up for $2100 or so with the rebates, people were still paying $1800+ for used with shutter counts much higher.... I watched a TON of listing for close to a month to find mine

 

[Maui5150]

Some recent eBay prices.

120863177574 - $1975 - Used, Not Refurb, Opteka Grip, Extra Battery, around 500 shutter

150764608563 - $1875 - Used, Not Refurb, around 1500 shutter, no info on box, cds, etc

190643162836 - $1777.99 - Used, 30,000 Shutter, LCD Scuff and dust issues. Extra battery

290673438812 - $1885 - REFURB, Used, purchased Dec 2011, 1500 shutter, scratches LCD

260961565936 - $1750 - Used, Not Refurb, 3 years old, wear grip and body, some chips, scratches LCD, 30,000 Shutter

120866413711 - $1900 - Used, 1800 shutter, SD card

150764430022 - $1950 - Used, Not Refurb - 1 yr old, no shutter count given

All of these auctions have ended in the last day or so. Did see a plain 5D sell for $1200.

Most 5D MK IIs right now with 5000 or less shutter counts are selling for $1900 range, especially if well maintained, no scratches, etc. The ones I see selling in the $1700s generally have 30,000+ shutter counts, scratches on body, scratches on LCD, etc.

Granted, the 5D MK II for the most part is selling at $2400 now, but these used prices are not off from much when I was buying in November when you could grab a new 5D MK II for $2100 - $2200.

Hell, I saw more than a few refurbs like 230746630502 selling $1800+, so $1850 for a Refurb with 11000 shutter and Eg-D focusing screen.

Looking at the Refurbs that sold in the last month on eBay - $1885, $1850, $1900, $1725, and the $1725... 113K shutter!!!! (130645166410)

 

[mistabernie]

Granted, the 5D MK II for the most part is selling at $2400 now, but these used prices are not off from much when I was buying in November when you could grab a new 5D MK II for $2100 - $2200.

Actually I got mine for $2169 BNIB from B&H just before the last batch of rebates ended (I believe on 2/2/12).

Also, probably mentioned above, but there are new rebates in the pipeline after this rebate program. Coincidentally, they come two days after the next big announcement. If you're in the market for one, wait a week. If you're trying to sell, the condition is very good + and the clicks are pretty low, try to get as much as you can; I could see the prices dropping down to the $2000-$2100 mark, and the used market will quickly adjust to the new prices.

 

[Jamesy]

Some recent eBay prices.

120863177574 - $1975 - Used, Not Refurb, Opteka Grip, Extra Battery, around 500 shutter

150764608563 - $1875 - Used, Not Refurb, around 1500 shutter, no info on box, cds, etc

190643162836 - $1777.99 - Used, 30,000 Shutter, LCD Scuff and dust issues. Extra battery

290673438812 - $1885 - REFURB, Used, purchased Dec 2011, 1500 shutter, scratches LCD

260961565936 - $1750 - Used, Not Refurb, 3 years old, wear grip and body, some chips, scratches LCD, 30,000 Shutter

120866413711 - $1900 - Used, 1800 shutter, SD card

150764430022 - $1950 - Used, Not Refurb - 1 yr old, no shutter count given

All of these auctions have ended in the last day or so. Did see a plain 5D sell for $1200.

Most 5D MK IIs right now with 5000 or less shutter counts are selling for $1900 range, especially if well maintained, no scratches, etc. The ones I see selling in the $1700s generally have 30,000+ shutter counts, scratches on body, scratches on LCD, etc.

Granted, the 5D MK II for the most part is selling at $2400 now, but these used prices are not off from much when I was buying in November when you could grab a new 5D MK II for $2100 - $2200.

Hell, I saw more than a few refurbs like 230746630502 selling $1800+, so $1850 for a Refurb with 11000 shutter and Eg-D focusing screen.

Looking at the Refurbs that sold in the last month on eBay - $1885, $1850, $1900, $1725, and the $1725... 113K shutter!!!! (130645166410)

Excellent analysis of the used market. I monitor two or three buy and sell boards and the local CL here is Toronto and those prices are inline to what I see day after day. Saw one today going for $2200 and I thought GLWS 'cause your are going to need it!!!

 

[LetTheRightLensIn]

$1200???
Hah, don't listen to these guys. They are just hoping you will happen to be local to them in Craig's List and are trying to take you for a sucker. ;D
$1200 is wayyy to low.

 

[Axilrod]

$1200!? As usual people responded as if the question was "what do you wish you could buy a used 5DII for?" I would say $1500 is more than fair, $1200 is like giving the thing away. Up until this point the cheapest 5DII I've ever seen on CL was $1400 and it had 195,000 actuations, so was pretty much only good for video.

 

[SiliconVoid]

I don't mean to be the proverbial rain on the parade... but the best answer to your inquiry IS what someone wants to pay for it.
Any pricing you have seen in the past for the 5DmkII, or see now, has no significance - they are for a used 'current model'. After the new model is announced the resale value will decline noticeably on used, and will likely steadily decline on the remaining new inventory until they are gone.

 

[jalbfb]

It's going to drop to around $2000 soon so even though you have barely used it, $250 more for a new one I'd rather go with that option.

I think you are looking at $1500 - $1600 max.

+1, I was thinking of that number for myself if I decide to go with the III. Once I see the specs I will more than likely go for it so selling my II to decrease the overall expense seems to make sense.

 

[elflord]

I don't mean to be the proverbial rain on the parade... but the best answer to your inquiry IS what someone wants to pay for it.

Not quite. The market clearing price is the price for which the number of willing sellers is equal to the number of willing buyers (where supply and demand curves cross).

The fact that some might not be willing to cough up $1800 (or $180 for that matter) for that body does not mean that he has to sell it at that price.

Any pricing you have seen in the past for the 5DmkII, or see now, has no significance - they are for a used 'current model'. After the new model is announced the resale value will decline noticeably on used, and will likely steadily decline on the remaining new inventory until they are gone.

The announcement could affect supply demand, we can speculate on how this will play out. It will depend to a large extent on pricing of the new version.

I don't think 1500-1600 sounds right -- not consistent with completed transactions I see in the used market right now.

 

[Mt Spokane Photography]

You might be able to sell on ebay for $1800, but it will cost you $150 or more for fees. I'd ask $1775 on CL and be willing to come down to $1650.

Having the manuals, CD's and cables helps. Even a old 35-80mm EF lens might bring a extra $100 when bundled with it.

New MK II's are about to Drop to the $2000 level, so sell quickly while they are still $2269.

 

[elflord]

You might be able to sell on ebay for $1800, but it will cost you $150 or more for fees. I'd ask $1775 on CL and be willing to come down to $1650.

Alternatively you could pitch to a larger market on fredmiranda.com, where you should get close to the ebay price.

 

[Mt Spokane Photography]

You might be able to sell on ebay for $1800, but it will cost you $150 or more for fees. I'd ask $1775 on CL and be willing to come down to $1650.

Alternatively you could pitch to a larger market on fredmiranda.com, where you should get close to the ebay price.

Thats assuming (in both cases) that you have a long string of excellent feedback. A new seller on FM or Ebay will struggle due to low feedback and buyer concerns about fraud.

 

[elflord]

Thats assuming (in both cases) that you have a long string of excellent feedback. A new seller on FM or Ebay will struggle due to low feedback and buyer concerns about fraud.

Your mileage may vary of course, but I had very little trouble getting a quick sale at a good price for my EF-S 15-85mm on fredmiranda, and it was my first transaction (I had no feedback as a buyer or seller when I sold it). I also advertised the same lens on craigslist and didn't get any responses from serious buyers. I did go to some lengths to look like a credible seller on the fredmiranda ad (e.g. my profile was linked to my flickr page, I had posted in some of the forums).

I suspect a large part of it has to do with whether buyers want what you're selling. I'd be surprised if it were that hard to find a buyer for a 5D Mark II. I agree that a lack of feedback would make your listing less competitive than a listing from a seller with more/better feedback at the same price, but unless there is a supply glut and a lack of demand for the item you're listing (e.g. EF-S kit lenses, first generation micro 4/3 bodies, Canon FD glass) I'd expect a reasonable outcome for the seller, at worst they'd need to accept a slight discount for their lack of established reputation.