*UPDATE* The Next 5D on March 2, 2012 [CR3]

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Re: The Next 5D on February 27/28, 2012 [CR3]

Price absolutely does make no sense for me too :(

3500$ = a way too much. In my country it will be not less than 4000$ when sales start. For this price we can get two(!) 5dmk2's OR one camera and a decent lens like 35/1.4 or 50/1.2 plus some other stuff.

I've been saving last couple of months to make a move to FF camera finally, so if the price rumor becomes true, i'll run for Mark II as fast as i can :)
 
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Re: The Next 5D on February 27/28, 2012 [CR3]

Anyone heard of 'anchor pricing' - the idea is to establish the idea of a price in someone's head (whether they can afford it or not). Then discount it. People think the vendor is doing them a huge favour. If I were Canon, I would be seeding these rumours into the market in just the way we have seen today, and everyone is "ooh, can I afford it, ouch", etc. Then announce it next week at say $3000 or $3200, and everyone thinks - "wow what a bargain!". Maybe they are right, and it is a bargain. But for me, just like with eBay purchases, the only thing that matters is 'is it worth it' not how much it has been discounted or what the exchange rate is...
 
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Re: The Next 5D on February 27/28, 2012 [CR3]

awinphoto said:
Not to fuel the fire, but there has been reports recently that the 5D2 having prices increases over the last few days.... perhaps if this camera gets announced/released at $3500, any takers the retail 5d2 price jumps back up to the original $2699 it debuted at?

I have no doubt that will be the case. demand for the 5D Mark II will surge and there will be little reason for people selling 5D Mark II's to undersell themselves. unused 5D Mark I's were selling for $2200 when I bought my 5D Mark II, and that was a year and a half into its lifespan already.
 
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Re: The Next 5D on February 27/28, 2012 [CR3]

Incidentally, Canon have at least two competitors for the 5DIII/X - Nikon and 'do nothing'. You can bet this will drive their thinking on price, at least after the initial rush.
 
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Re: The Next 5D on February 27/28, 2012 [CR3]

kubelik said:
awinphoto said:
Not to fuel the fire, but there has been reports recently that the 5D2 having prices increases over the last few days.... perhaps if this camera gets announced/released at $3500, any takers the retail 5d2 price jumps back up to the original $2699 it debuted at?

I have no doubt that will be the case. demand for the 5D Mark II will surge and there will be little reason for people selling 5D Mark II's to undersell themselves. unused 5D Mark I's were selling for $2200 when I bought my 5D Mark II, and that was a year and a half into its lifespan already.

Woo Hoo! Since I bought mine a few months ago at its all time low, and I can sell high... capitalists around the world rejoice.
 
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Re: The Next 5D on February 27/28, 2012 [CR3]

BillyBean said:
Anyone heard of 'anchor pricing' - the idea is to establish the idea of a price in someone's head (whether they can afford it or not). Then discount it. People think the vendor is doing them a huge favour. If I were Canon, I would be seeding these rumours into the market in just the way we have seen today, and everyone is "ooh, can I afford it, ouch", etc. Then announce it next week at say $3000 or $3200, and everyone thinks - "wow what a bargain!". Maybe they are right, and it is a bargain. But for me, just like with eBay purchases, the only thing that matters is 'is it worth it' not how much it has been discounted or what the exchange rate is...

That sounds really smart and would for sure catch me!
 
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Re: The Next 5D on February 27/28, 2012 [CR3]

We have yet to get confirmation on ISO and FPS, but I wonder what this will do to used 1d mk IV sales. People trying to get rid of their 1D IV's for the 1DX may take a bit of a hit with this new 5D coming out. It's sounding like this may be an all around better option at a cheaper price than a used 1D IV.
 
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Re: The Next 5D on February 27/28, 2012 [CR3]

From the start, I must say that some heavy assumptions are being made in this analysis, and I do understand these shortcoming of my analysis, this must state that this is for speculation and fun ONLY.

Taking the price of the historical "big brother" of the 5D line, the 1Ds (due to FF) and determining the price index between them over three generations of cameras, one can estimate an index based price of the 5D. Due to the fact that the 1DX has an MSRP of $6800, and staying true to its historical index, the next gen 5D would be priced at $2714. This is assuming that no other factors are involved in pricing (features, tech, inflation, exchange rate, etc.).

If we strictly take into consideration the current price of the YEN vs. USD over time (as some on this forum are prognosticating), we can expect the price of the 5D3 to properly reflect the historical prices of the 5D (with respect to the 1Ds prices) at $4064 adjusting for ERs. This would be the MSRP IF Canon wanted to continue the exact margins/index as the last generation of 5D/1Ds.

HOWEVER, I repeatedly hear justifications for price increases of the 5DmkIII base on solely exchange rates. I believe that this is a misnomer and not the driving MSRP factor for canon due to the fact that the MSRP of the 1DX was set at $6800! The price of that camera went DOWN compared to its last generation even with a YEN increasing in value by 50%. I do understand that the 1DX is not a true offspring of the 1DsmkIII, but with the combination of the two lines and addition of new features to boot, I believe my point to still be valid.

Discuss...
 

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Re: The Next 5D on February 27/28, 2012 [CR3]

Very nice features. I will be strongly tempted. I have a 5DmkII which I suspect feels lonely... ;D However, I could get the TS-E 17mm L and EF8-15mm L instead with almost the same amount of money and be done with the wide end ... almost ::)

But then, I do not shoot action, I prefer landscapes...
 
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Re: The Next 5D on February 27/28, 2012 [CR3]

awinphoto said:
Not to fuel the fire, but there has been reports recently that the 5D2 having prices increases over the last few days.... perhaps if this camera gets announced/released at $3500, any takers the retail 5d2 price jumps back up to the original $2699 it debuted at?

It's just market dynamics. 5D2 hit lowest price point in december, when they needed to clear inventories and granted rebates to sellers. Now Canon will progressively start to phase the camera out of the distribution channels. Since demand is and will be there for a while the prices will increase accordingly. So the idea that soon we will be able to get d2 at discounted price is basically wrong.

Regading the used 5D2 market there is, already since a while, a line of buyers waiting for prices to come down as well. These buyers will be joined soon by those who haven't found a new 5D2 at the price they wanted. Like what happened with 5D classic price will not deacrease substantially in the short period.
 
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Re: The Next 5D on February 27/28, 2012 [CR3]

rambarra said:
It's just market dynamics. 5D2 hit lowest price point in december, when they needed to clear inventories and granted rebates to sellers. Now Canon will progressively start to phase the camera out of the distribution channels. Since demand is and will be there for a while the prices will increase accordingly. So the idea that soon we will be able to get d2 at discounted price is basically wrong.
And there are MANY people having this idea. I feel sorry for them.

Evil Canon. :(
 
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Re: The Next 5D on February 27/28, 2012 [CR3]

Sorry folks, but $3500 only makes sense with a kit lens. The D800 is coming in at $3000 with significantly higher megapixels and marketed as a pro camera vs. a prosumer. Obviously there are no details, but it's hard to imagine the 5D Mark III having features that outgun the D800 to the tune of $500. I'd imagine Canon is rethinking their price point on the 5D Mark III as we debate. I would expect it come in at $3200 upon release.
 
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Re: The Next 5D on February 27/28, 2012 [CR3]

I find myself really wishing I had had the cash reserves to pull the trigger on a mk ii over the holiday season, I mean crap, $2000 on an mkii, and now the new price is back up around $2500, and the used market seems to have dried up. If i had pulled the trigger then, I might have made money on resale of it! (or at least been able to resell it for little to no loss!

I am wondering though, if i were to pull the trigger on an mkii, what would the used market look like come this fall when the mkiii is actually avaialble?
 
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Re: The Next 5D on February 27/28, 2012 [CR3]

ramon123 said:
All the specs really look great, the only thing that I am a bit upset about is the price - $3500 seems high for the body only. I was expecting it to be a 20% increase from $2400 for the 5D2 to $2899 (max $3000) for the 5D3.

Let's hope that it's not $3500 body only!

For the $3500 I sure hope we are safe to assume it will be the full on 1DX AF and not some simplified version or some crappy performing AF sensor and logic that happens to have 61pts but is no good compared to the 1DX AF sensor and logic.

For the $3500 I hope we are safe to assume it will be the 6.9fps and not the 6fps mentioned at Northlight and damn well better not be 5fps or less.

22MP, 6.9fps, full 1DX AF would be pretty cool. It lacks the reach and detail of the D800 but gripless 6.9fps would be nice and hopefully the 1DX AF is awesome.

It also sets up one heck of a 5D4 in 2015 (39MP, 6.9fps, top 1 series AF?).

If they crippled the 1DX more than a trace or just used some poor performing 61pt sensor then not so hot though for $3500 considering all that the D800 has. If it is only 4 or 5fps that would be really weak too, even 6fps flat might start seeming a bit weak all the D800 has for $3000 so hopefully it's the 6.9fps.
 
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Re: The Next 5D on February 27/28, 2012 [CR3]

I'm going to make a couple of predictions that will probably shock you. 1) 5D3 will be available day one with no pre-order. 2) 5D2 used market will not pick up.

$3500 is a lot of coin for us poor Americans to cough up on a camera that, really, in essence, adds a few more autofocus sensors, and sort-of doubles the shooting speed. Therefore, I don't think we will see the droves lining up for what amounts to nothing more than incremental improvements. And this after a 3.5 LONG YEARS wait.

I honestly don't understand the complaints about the 5D2 autofocus - is there not continuous manual focus on nearly every lens sold by Canon to augment the AF when it isn't spot-on? I also shoot a lot of medium format, where autofocus pretty much doesn't exist, so this whole idea that AF is the most important feature in a camera is a little foreign to me.

The 5D2 was an absolute revolution in its day, kicking RED and Nikon square in the face with 1080P video at insane bitrates (40Mb+). Then, Canon came out with the firmware update that vastly improved the video shooting aspects of the camera. For no charge!! THAT is commitment to your customer base.

Now we have, in essence, the same camera, with a couple little "perks" added, and a nice hefty $1500 price increase. And, to go along with it, a moderately improved all-around lens that costs twice what its predecessor cost.

If you ask me, you could get a REALLY nice medium format kit (film of course) for what it will cost to "upgrade" to a 5D3 + 24-70L II. Personally, this is the end of the "upgrade" road for me, as I am more than happy with my 5D2, 24-70L (plus other lenses). Good luck finding those used 5D2s out there!
 
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