Re: [Leica] Long-term value; was Portrait of Marianne = bad mistake

["Jack Herron" <jherron@theriver.com>]

As a matter of interest, $151 invested in common, unexceptional stock in
1967, would today be worth about $3,400, given just the average, long term
return on the market.  Leicas are marvelous cameras, but do not represent a
wise investment.  Just putting the money in a low interest bank account
would have brought a much better return than the lens, but would have given
you no pictures!
Jack C. Herron
8118 E. 20th St.
Tucson, AZ 85710
520 885-6933
- ----- Original Message -----
From: <SthRosner@aol.com>
To: <leica-users@mejac.palo-alto.ca.us>
Sent: Sunday, September 01, 2002 3:23 AM
Subject: Re: [Leica] Long-term value; was Portrait of Marianne = bad mistake


> edseas2@shore.net writes:
>
> > for the owners of the vast
> >  majority of Japanese equipment, the value of their lenses (and
> >  bodies)will be but a small fraction of the sum(s) originally spent.
Looked
> >  at in this way, it may indeed be cheaper (read "wiser") to invest in
Leica
> >  product(s).
>
> e.g. In 1967 I paid $151. for my first (new) DR Summicron. I have just
sold a
> wonderful DR without the eyes for $475. With eyes, a good DR today is
worth
> $550.-$750. depending on condition. In 1967 I paid $131. for a new black
> paint 35/2 Summicron. Last year I sold a like-new 35/2 8-glass silver
chrome
> Summicron in original bubble and box for $1,500. In black paint, it would
be
> worth $2,500.-3,000.
>
> Granted some of this is collector money talking. Granted inflation plays a
> very important role here (a pack of cigarettes in 1967 cost what, $0.20?
and
> in 1970 I paid $8,000. for the top-of-the-line BMW 2800 that I collected
at
> Munich).
>
> But the point is that Leitz designed and Leica designs cameras and lenses
to
> perform at world-class-leading cutting edge levels and to a standard of
> strength, reliability and longevity that makes them so desirable 40 years
> later as users that knowledgeable people are willing to pay what a new one
> costs today.
>
> Remarkable.
>
> Seth          LaK 9
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