Thursday, February 17, 2011

Anatmy of a Craigslist Ripoff (Part 7)

This came up today:

NIKON LENS 70-300MM - $275

Date: 2011-02-17, 12:39AM PST

If you've been looking or a 70-300, you'll know right away that the price is a ripoff. 70-300VR lenses go for roughly $400-$425 in our locale. The older ED version... you'll be lucky to get low-mid hundred's. The non-VR ED version is, to politely put it, a mediocre performer. However, you can see the effect that the newer vererion has on the older version's price... there will be some people who will try to ride on the coattails of the more expensive lens with the better reputation.

You also tend to see this phenomenon with old push-pull versions of the 80-200 f/2.8. It's a great lens, but quite a few people are asking above used market value because of the asking prices for the newer two-ring version of that lens.

That also happened to me when I picked up a 24AF last year. The seller was asking for a 24AFD price, but I called him on it and knocked $50 off. It just goes to show,you've got to know your market. Fore-warned is fore-armed.

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