Nick's article on the S2 and the ensuing discussion about spending that kind of money on a camera got me thinking. Yes, I would love to own an S2 kit. But it is an awful lot of money, isn't it?
Or is it?
I am a Canon shooter. As each new body in a series comes out, the one it is replacing generally halves in value. I.e. I paid $4,500 for my 1D3, sold it for $2,200 after the 1D4 came out. So it cost me about $800 per year to own the 1D3. The Canon L lenses seem to hold at least 80% of their value. I have bought several used, that remain worth what I paid for them.
Do we have enough information on digital Leica's to know how they will hold their value?
Say a person has enough funds "parked safely" that he could purchase an S2 kit (or an M9 kit for that matter). Could I park this money in the Leica Garage, and get the use of the S2 as well? I would feel okay doing this with the S2 losing a few grand (2-4k?) over time. But not halving in value - i.e. 11 or 12k.
What happens if they come out with an S3? Or quit making the S2 altogether? (Realizing their are no guarantees, but looking for thoughts from people with Leica experience.)
Looking at M8's on ebay is not pretty. Surely there will be an M10 at some point. Do the used M9's go to $4,000 then? Does the fact that there are relatively few of these cameras/lenses made alter the formula as compared to Canon/Nikon? Or the Japanese collector phenomenon?
What about the lenses? I have a friend that buys and sells lenses fairly regularly for his M9 and it seems they hold their value well.
I realize there are other intrinsic reasons to own a particular camera, but I'm primarily interested in the financial discussion at this point. Thoughts?