Leica M240 depreciation curve?
Old 02-02-2018   #1
anorphirith
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Leica M240 depreciation curve?

Anyone remembers the M240's depreciation curve after it's release ?
When did it hit $5500 $5000 $4500 $4000 $3500 until the current average of maybe $3200.
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Old 02-03-2018   #2
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I bought mine used in April 2016 for 3600 EUR and I'd get 2800-2900 EUR for it now if I sold it. I expected the used prices to go down slightly more because of the M10 but they didn't.
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Old 02-03-2018   #3
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ok I subscribed to terapeak.com which is an ebay pricing service, it records historical prices up to 3years from today so I got a bit of a depreciation curve.
prices in US dollars

just to put things in perspective:

Leica M9 release September 2009
life cycle approx 4 years

Leica M240
Release date ~April 2013 at $6850
life cycle ~ February 2017 a bit less than 4 years


early 2015 4500 average
mid 2015 4300 average
late 2015 4000 average
early 2016 3800 average
late 2016 3700 average
then it sharply dropped to around 3000
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Old 02-04-2018   #4
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this should help having an idea of how the M10 will depreciate
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Old 02-05-2018   #5
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I had purchased mine in late 2015 from Tamarkin (nearly new, boxed and all that with a warranty) for $5500. I sold it two years later for $3300. I bought a second one in 2017 (I know. I know.) for $3k and sold it towards the end of the year for $3k. I would have kept the second one, but I had decided I wanted to move onto the M10 and I was liquidating a lot of equipment to do so as I wanted to buy a new one since I’m going to be keeping it for a long while.
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Old 02-08-2018   #6
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Quote:
Originally Posted by agoglanian View Post
I had purchased mine in late 2015 from Tamarkin (nearly new, boxed and all that with a warranty) for $5500. I sold it two years later for $3300. I bought a second one in 2017 (I know. I know.) for $3k and sold it towards the end of the year for $3k. I would have kept the second one, but I had decided I wanted to move onto the M10 and I was liquidating a lot of equipment to do so as I wanted to buy a new one since Iím going to be keeping it for a long while.
late 2015 + 2 = late 2017,
did you buy another one as soon as you sold the old first one ?
or did you mean 2014 instead of 2015 ?
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Old 03-23-2018   #7
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Here is my Typ 240 depreciation curve that I posted in another thread [1].

* 15 July, RFF, USD 3,200
* 15 July, RFF, USD 3,400
* 2 October, RFF, USD 2,800
* 13 October, RFF, USD 3,500 (new)
* 16 October, RFF, USD 3,100
* 23 October, RFF, USD 3,500 (“like new”)
* 24 October, RFF, USD 3,100
* 6 January, RFF, USD 2,700
* 21 February, MapCamera, USD 3,700 (JPY 398,000)

I picked up a nearly flawless used chrome Typ 240 this Tuesday for GBP 2,300 (roughly USD 3,250), so I am unlikely to continue tracking the pricing; but if anyone wants to build upon my “research”, go ahead.

[1]: https://www.rangefinderforum.com/for...72&postcount=1
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Old 03-23-2018   #8
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Yep, the 240 is the real bargain these days.
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Old 03-23-2018   #9
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Quote:
Originally Posted by anorphirith View Post
this should help having an idea of how the M10 will depreciate
Not sure, the M10 is the first M sized M digital... so it could keep its value for a little longer.
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Old 03-23-2018   #10
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Quote:
Originally Posted by filmtwit View Post
Yep, the 240 is the real bargain these days.
Leica offers switching from M9 to M240 for $3100. Somehow, this does not look like a good deal to me based on the current market values for the M9 and M240.
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Old 03-23-2018   #11
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AS trade in yes. But as far as value, the M240 used market is good buy to say the least.


Quote:
Originally Posted by raid View Post
Leica offers switching from M9 to M240 for $3100. Somehow, this does not look like a good deal to me based on the current market values for the M9 and M240.
Concerning trade in though, if I were to do it I wouldn't go with a color sensor Leica to be honest. I'd be far more inclined to go to the 242 Monochrom.
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Old 03-23-2018   #12
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Yes, the M240 is now sold at low prices for the quality of this camera. I am also getting interested for the first time in a Monochrom.
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Old 12-22-2019   #13
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Has anyone kept track of the depreciation curve since 2018? I may be back on the market some time next near to change my M240 to an M10 depending on the price movement of the both of them. I could use a few more ISO steps with my daughter being as lively as she is… But, no purchase without some proper research first, so expect a possible update some time in spring.
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Old 12-23-2019   #14
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Wow. Understand these cameras are not my Arena but these levels of depreciation are astonishing, and quite shocking. To me, a collector at heart, spending $1200 on a Mint + Bell and Howell Foton or $1100 for a Mint + Null Series Leica.......Cameras I’ll own for the rest of my life and ones that will Never depreciate.....seems much more logical.
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Old 12-23-2019   #15
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Quote:
Originally Posted by ninjin View Post
Has anyone kept track of the depreciation curve since 2018? I may be back on the market some time next near to change my M240 to an M10 depending on the price movement of the both of them. I could use a few more ISO steps with my daughter being as lively as she isÖ But, no purchase without some proper research first, so expect a possible update some time in spring.
I donít know if eBay has it in form of the charts, but check only Sold listings.
240 are way bellow of 3K$ now, but M10 price is also going bellow of 5K$.

Have you tried to use flash? I figured out how to do it with M-E and here is next to none of shadow cast. Looks like regular indoor light.
Also...
For the money to get used m10 after selling of m240 you could get Sony A7S ii with couple of compact Tamron primes. It is high iso camera with af and face, eye recognition, tracking. You could even use af adapter for Leica lenses.
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Old 12-23-2019   #16
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I see M9/M9P with new sensors rebounding in price, the latter around US$3k.
The M240, a phenomenal camera & a technologic leap ahead, may end up as the "digital M5". Unloved because of its corpulence and the heresy of built-in video.
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Old 12-23-2019   #17
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There are now many M 240s on the used market. But there are few M9 (obviously with sensor in correct version). I am sure that the M 240 will depreciate even more soon and the M9 will increase in price.
Look here for prices and availability:https://www.leicashop.com/vintage_en...m-cameras.html
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Old 12-23-2019   #18
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The depreciation curve of any higher-end digital camera can be shortcut as being $1,000 a year, barring some anomaly. I'd put the M9-at-M240-money in the irrational, anomalous category.

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Old 12-23-2019   #19
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Quote:
Originally Posted by raid View Post
Leica offers switching from M9 to M240 for $3100. Somehow, this does not look like a good deal to me based on the current market values for the M9 and M240.
Except that it's a new M240, which means you get a warranty.

D
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Old 12-23-2019   #20
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Quote:
Originally Posted by Ambro51 View Post
Wow. Understand these cameras are not my Arena but these levels of depreciation are astonishing, and quite shocking. To me, a collector at heart, spending $1200 on a Mint + Bell and Howell Foton or $1100 for a Mint + Null Series Leica.......Cameras Iíll own for the rest of my life and ones that will Never depreciate.....seems much more logical.
You want shocking depreciation? Check out the list prices of Sony cameras. Sony until very recently sold the A7 new for $749. It was $1800 when it was released 5+ years ago.

Digital cameras depreciate then fail. Think of them as expensive disposables and youíll be ok.
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Old 12-23-2019   #21
Emile de Leon
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Digital cams..
Not an investment to be sure..
At least you can write them off at tax time..
Some of us..lol..
I generally buy 2+ year old models..brand new..

Let someone else take the big hit..
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Old 12-23-2019   #22
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The depreciation predictions can’t paint broad strokes.

-M8 has probably hit bottom at about $1400 US though as rear screens fail this may change but it’ll be the original ‘MD’ by default.

-M9 has a devoted following and an M9P with a new sensor should defy the above depreciation model

-Monochroms of both flavors available today will hold value because of their unique nature, especially the M9M

-M240/262/ME has no major issues and are plentiful so they’ll take the biggest hit

-M10? Hard to say. First real film M-sized digital. Mechanically what a digital M should have been all along. Many are content with 24MP. Depends what the M11 brings to the game.
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Old 12-23-2019   #23
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What the M11 could have that will make the M10 depreciate like usual:

- More weather sealing
- IBIS
- Different sensor versions: high MP, standard MP, low MP
- Internal memory
- App integration (upload directly to Instagram, anyone?)
- The usual rearranging of buttons, dials, etc.

The digital imperative is to get people to buy the new camera. Leica is not going to rest on their laurels for the sake of the Leica M10 retaining its value! We are doomed.
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Old 12-23-2019   #24
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Quote:
Originally Posted by aizan View Post
What the M11 could have that will make the M10 depreciate like usual:

- More weather sealing
- IBIS
- Different sensor versions: high MP, standard MP, low MP
- Internal memory
- App integration (upload directly to Instagram, anyone?)
- The usual rearranging of buttons, dials, etc.

The digital imperative is to get people to buy the new camera. Leica is not going to rest on their laurels for the sake of the Leica M10 retaining its value! We are doomed.
More weather sealing?
-pointless if the M lenses aren't water sealed themselves (they aren't)

IBIS?
-nice, but M is about simplicity and Leica omitted video from the M10. You can already shoot at low shutter speeds if you are careful

Different versions?
-small company, don't think they'll have the resources for more than 1 new sensor optimized for M glass at a time

Internal Memory?
-no biggie

App integration
-for Instagram? Really? You have your iPhone for that

What I think are more plausible:
-Sensor with greater dynamic range, base ISO 25 or 50. I doubt anything beyond 30 or 36MP. You have the SLII for more.
-expnaded High ISO with clean files at ? ISO 25,000,
-maybe an EVF with internal power & higher resolution
-or quite possibly, a version with a hybrid VF.
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Old 12-23-2019   #25
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But...if weather sealing is pointless, why did they improve it for the M10? And the M11 might have video, and IBIS is still useful for photography (especially travel, street, documentary, and photojournalism). And Leica's a growing company that's doing better financially all the time. Admittedly, internal memory and apps are in the early stages, so it might be in the M12 instead.

The stuff on your list is likely, too, but they're just the usual incremental improvements. I bet they'll make an M-mount body with a rangefinder-style EVF instead of adding a hybrid EVF, though.
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Old 12-23-2019   #26
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Let's hope an M11 does send M10 prices downwards.....and I'll most likely get one, even though I'm chugging along just fine with the M262, only Leica M body, film or digital, I ever purchased brand new, almost 4 years ago now and the jpeg's still make me smile when they come out of Adobe Camera raw.

24MP is a lot of resolution and an M262, 21mm f3.4 SEM, 35mm f1.4 FLE, 75mm f2 APO and 135mm f3.4 APO is my go to travel and/or carry any day/anywhere kit.

It'll be interesting to see if dealers here in the US try to manipulate the used market prices with the upcoming price increases on the new stuff.
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Old 01-22-2020   #27
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What about a look back on the Iīs (Ig, If, ...)?
No rangefinder, a Visoflex connection as EVF. So to say a Leica T but with FF.
Resolution 24 MP is sufficient.
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Old 01-22-2020   #28
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You could have easily picked up an m240 in decemeber of 2018 for about $2500

Quote:
Originally Posted by anorphirith View Post
Anyone remembers the M240's depreciation curve after it's release ?
When did it hit $5500 $5000 $4500 $4000 $3500 until the current average of maybe $3200.
Thanks!
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