Are they having a larf

[blackfox]

Just put in a PX enquiry for my 1-mkiii against a OM1 at full price the offer was a insulting £450 .. TBH I would rather tie a rock to it for that and throw it in the river . Will hold on and think about getting one by other means after xmas ..
I do realise they have to re.sell there PX models but there are better ways of selling than that

[linus1884]

PX prices are very low at the moment, having looked on various vendor sites they seem to have a large stock of Olympus and well other camera gear. i have for now decided to stick with what i currently have.

[blackfox]

Got to agree with that ..for the marginal performance upgrade it’s a non starter

[antpitta]

You seem to a pretty damned good job with that prehistoric EM1.3

[MJ224]

Yes I only had a Part Ex value of £500 for my X. Sod that for a lark, especially when you see Oly/OMD selling them for nearly 3 times that. It stays here as a backup camera and goes nowhere fast.....

[EmPix]

I usually skip at least one generation for this same reason. Used body values are really dismal

[bigsambwfc]

Definately not changing my OM1,until global shutter with organic sensor comes out,(said that for mk1,2,3,though)It cant get much better than this model surely.

[Mark_R2]

I feel your pain. Bearing in mind the EM1 Mk3 cost (IIRC) £1600 when first released, this does seem a pittance for what is a superb camera, and one that was launched only 2.5yrs ago. At the moment, dealers do seem to be awash with EM1Mk3 and EM1x bodies, so it's not surprising they are offering low values for them. Even so, I think £450 for a Mk3 that can only be 2.5yrs old is, as you say, a joke. Definitely keep it and keep using it.

In my experience, Olympus m4/3 body residuals always seem to be poor for anything other than current body. When I sold my two EM1 Mk1 bodies to LCE 2 years ago I got £187 for each with the battery grip (which had been free with both bodies though). That seemed pretty lousy for a camera that cost I think £1300 on release. At least they were rather older at 7 and 5 years old. I bought one on release but it came with the 12-40 Pro lens which i kept, so I can't remember the original body only price. For the younger one I paid £900, which means £140 per annum depreciation. OUCH! I only got rid because they weren't doing me any good now that I had two Mk2's; I would never use them again. (I refused to go to the Mk3 due to their still high price at the time and widely reported minimal gain over the Mk2). Mind you, this was a lot better than i got for my original EM5, which was something like £130 at 7 years old (also to LCE). And as for my ancient EPL1 - I think I got £30 for that.

At the time I sold the EM5i, I also sold a Canon 60D DLSR. Despite being olde, I got more for the Canon. I have a foot in Canon and Oly camps, and Canon residuals have always seemed better.

[blackfox]

my mkiii is only 15 months old and sings like a baby .. no way will I get rid for silly money

[gramps]

I see MPB have over 30 of these used bodies for sale, is there a glut from people upgrading?

[linus1884]

There were a large number of MkIII traded in when the OM1 was annouced but I think its more to do with the cost of living and people needing money to pay bills.

[Lez325]

Must be- I'm looking for one now (Maybe) but I will keep the E-M1X

[blackfox]

Unfortunately most dealers these days base there PX price on what MPB are offering .. to my way of thinking it makes the whole process corrupt . .. as stated I’m not going to give mine away for silly money . . It was a thought but I’m in no rush for a OM1 it can wait

[Mark_R2]

There does seem to be a remarkable consistency of used prices over the main dealers these days. MPB have been the most expensive for the things I’ve been looking for, but the difference are small. They also have huge stocks so do seem to drive the market. However, I wonder how much of the uniformity is down to https://usedlens.co.uk/ which makes it so easy to compare prices across dealers. I was looking for a used 75-300mm lens and prices rarely varied by more than £20 in £300.

[blackfox]

I went to trade a body in a while back and happened to see what they input into there computer to get a price .it was from MPB , it seems camera dealers are using it like glasses used car guide ..
Therefore there’s no difference in what your offered to me it’s stinks of a cartel ,no difference in trade in price ,no difference in purchase price the only way to gain is via the grey market .which is what I’ll probably do in the end

[pdk42]

It's amazing how values change. When I traded my EM1.3 for the OM1 at launch date, LCE offered me £850 for it.

[MJ224]

Me too. That was my trade-in price..:-)

[Tram]

I think a lot of people are trying to raise some cash by selling little used camera gear.
Plenty of supply with a lot less demand equals low prices for sellers.
Doesn't seem to translate into cheaper used prices for buyers, at least not yet anyway.
Must do one day if someone like MPB has thirty or more E-M1 iii bodies that are not shifting.
Companies want turnover not money tied up in unwanted stock.

[pdk42]

I bought a used 20-60 for the S5 from MPB. LCE will take £619 off you for a new one, but I got one in unmarked condition but missing its hood (which I never use) for £135. They have 30+ of them up for sale, with even “excellent” going for £179.

They have 34 EM1.3s listed at present, with all but “like new” going at under £800. The worst they have is “good” and you can get them for £664 with a 6 month warranty!

[Tram]

Quoting a Kit lens rrp price is irrelevant, hardly anyone has ever paid full price for those.
My comment was aimed at dealers who have large numbers of cameras sitting on the shelf.
They don't seem to reduce prices much even when there is a glut, used sales seem very stale just now.
Surely selling at a smaller profit is better than none at all, obviously isn't though.

[gazza95]

As PDK42 said trade in prices on Day 1 were passable. What seems to have happed in M-1 has been so successful the is now a glut of traded in cameras and prices have plummeted. Also OMDS have cut new prices dramatically.

My traded in EM-1x was being sold 3 months later for £100 less than than I traded it in for!


When I traded an EM-1 in for the EM-1x I got a pittance but it was better than leaving it on the shelf with the E-1 and E-3.

Gary

[Lez325]

Just put in a PX enquiry for my 1-mkiii against a OM1 at full price the offer was a insulting £450 .. TBH I would rather tie a rock to it for that and throw it in the river . Will hold on and think about getting one by other means after xmas ..
I do realise they have to re.sell there PX models but there are better ways of selling than that

Stick it on a frum Jeff - Park cameras - MPB -WEX & LCE are all buying low and selling high mate

Used Olympus E-M1 Mark III | Park Cameras

MPB have a few used models too - Used Olympus OM-D E-M1 Mark III | MPB

[Tram]

There has been one for sale on here and TP for a few days without any interest.
Not a good time for selling what with Christmas and cost of living crisis in full swing.
Weather is getting colder too which by sods law was always going to happen, no chance of a mild winter this time.

[kpmg]

I have a similar experience. Checked recently part ex of EM1 Mark iii vs possible OM1 and was quoted 450 by mpb. I understand that they and others have stock but I think one of the problems is they try to make margin of 50-80%. Surely it would make more sense to turn over their stock at lower margin? I also am not selling a camera that is two years old at that low price. Depreciation of electronic equipment is getting worse as manufacturers release ‘updated models’ at an ever increasing pace.

[Tram]

Its easy to say I would rather keep it than sell at a low price, but that doesn't really work.
Seller obviously wants rid for whatever reason, keeping it will only mean depreciation and a lower price.
Have to just settle on what you have or take a hit if still wishing to upgrade.
Agree about the turnover and lower margin, but never seems to work like that.

[blackfox]

Now that confirms exactly what I have been saying ,, the trade in price is exactly what I was quoted . MPB ‘s price seems to dictate what the trade in value of your gear is .. it has become a cartel . And there’s no way I’m giving away a 15 month old camera for a silly price .. especially when I see OM1 owner complaints constantly popping up on social media

[Tram]

Another problem selling used privately is that potential buyers know what dealers are offering as a buy in price.
So if E-M1 iii is listed at £800 people will offer much lower knowing it's still a good result for the seller.
All of which is true, so is it reasonable or acceptable to offer a private seller a figure midway between the two prices?
As a seller would you think that decent result?

Only playing devils advocate here, not buying or selling for the time being

[blackfox]

If I do decide to sell it will be E.bay and using global selling , the pounds so low you get a better price that way ..but not yet no rush to sell will possibly buy glass instead . If the change was a mega step up then maybe but the OM1 is a incremental upgrade in my books . Forgotten about the idea now after this

[blackfox]

Paul I sometimes wonder over your comments , yes it’s EXTREMELY simple with e,bays global selling program . You list your item ,add it to the GSP put in weight and dimensions etc . And they handle everything if sold anywhere in the world . All you do as a seller is post it to the u.k depot they then take over with customs and full tracking to destination ,I have sold stuff to u.s.a. ,South America ,far side of Russia ,and to Europe with no problems . And as stated the pound is so low you often get a far better price . Not had a problem with global in 3 years of using it .

[Tram]

I sold a camera bag to somebody in Germany a little while back using the eBay Global Selling system.
Sent it off and got paid with positive feedback left, no difference for me than selling to somebody in the UK

[pdk42]

Well maybe eBay hides the complexity, but for sure there's now customs declarations needed, import duty and VAT to be paid. That's just a fact.

[blackfox]

But you’re totally missing the point Paul , e.bay does it all for you it’s the same as selling it to somebody in London or Brighton . All you do is send it to them at normal postage , any hidden costs are in the price they pay per item

[pdk42]

Whatever Jeff. But this only works because the £ has fallen so much compared to the € that the costs of all this extra admin and taxes makes it worthwhile.