Archived posting to the Leica Users Group, 2004/11/24

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Subject: [Leica] Leica Noctilux 50mm f/1.0
From: bladman99 at (Dan C)
Date: Wed Nov 24 10:18:11 2004

I disagree.  The worth (price) of an item is based on a marketplace fed by
perfect information , where the demand balances the supply (ebay is a close
approximation).  If the market deems a lens to be worth $1500, but I trick
someone into paying me $3000, the lens isn't worth $3000.   It's just what
some fool has payed for a $1500 lens.

Unless it is a one of a kind thing, but there are enough Noctiluxes out
there to make a real market.   And new ones can be bought; if I find
someone willing to pay me 1000 more than the new sticker price from a
dealer (because perhaps he isn't aware that they are still available new),
does that mean the lens is worth that?

-dan c.

 At 01:01 PM 24-11-04 -0500, wrote:
>Actually, if some person is willing to pay US$3,000.00 for the item, then
that IS what it is worth.  Economics one-oh-one.
>Buzz Hausner
>> From: Dan C <>
>> Date: 2004/11/24 Wed PM 12:47:30 EST
>> To: Leica Users Group <>
>> Subject: RE: [Leica] Leica Noctilux 50mm f/1.0
>> What the buyer decides it is worth depends on the information available to
>> him.   Just because a buyer is willing to pay $3000 for an item doesn't
>> mean it is worth that, if he's under the mistaken idea that $3000 is what
>> people in general are willing to pay.
>Leica Users Group.
>See for more information