FS: Red 0008

[Stephen Pruitt]

Well, if the "vintage digital camera market" (almost seems like a sin to use the word "vintage" on a RED One, but. . . ) has any relationship whatsoever to the rest of the vintage markets out there, it most certainly would change its historical value. Indeed, it would have essentially no real historical value if it had been swapped out.

Stephen

 

[Steve Gibby]

He priced #6 and #7 at $200,000 each (and offered to pay Mark that, but Mark turned it down). I recommended selling it for that price here:

http://www.reduser.net/forum/showthread.php?t=41505&page=6

He said anything under 100 was worth 40k and #31 was worth $175k due to it's historical value (even I have used #31).

Thing is though - didn't all of us under 100's swap our original cameras out for the replacements? That was a great thing for me, so no complaints, but wouldn't that change any historical value?

The original 0008 was delivered exactly the same night as Offhollywood's 0006 and 0007. I realize Jim didn't mention 0008 in that thread too - probably just an oversight. Of those first 100 Red One cameras delivered I believe all of them were exchanged in early 2008 for their X designated replacement cameras, which have better boards, cooling, etc. To me and basically everyone else with sub-100 serial number cameras it was simply a no-brainer to exchange the cameras for the x upgrades.

Unless I'm mistaken, my good friends Mark Pederson (Offhollywood - #6 and #7)) and Dino (#31) also replaced their cameras with the X cameras - and Jim certainly was aware of that - thus the sub-100 serial number cameras Jim mentioned in that thread are all x replacement cameras - and yet he still considers them to be of great value (as the owners should too). Why are they of great value even through they are X replacement cameras? Very simple: they carry on the numerical designations of the original cameras, they've been used on many early groundbreaking productions, and they were used hands on by Red camera pioneers like Mark, myself, Dino, Blair, etc.

In the case of my Red 0008X, it carries on the 0008 designation and the legacy of the Red "firsts" I enumerated in my first post of this thread - 1st Red 3D, 1st Red underwater, 1st Red to shoot true hybrid style, 1st Red to shoot EFP style, and on and on. Red 0008 was traded out for Red 0008X in very early 2008 and naturally was one of the very first Reds to be traded out. Since that time it has been used by me all over the world in a long list of high profile and ground breaking Red productions - long before most of you received your Reds. The camera has definitely carried on the legacy of its predecessor. Which one of you, given the choice of an upgrade to a much better X camera would have turned it down, put the original on a shelf, and paid all over again for another Red? None of you...and I don't believe anyone of those sub-100 serial number owners chose that route.

What else makes Red 008X unique and valuable? Please take this right - who used it helps its value. I'm one of the true Red "pioneers". I've known Jim Jannard for 25+ years - much longer than anyone here on Red User or on Red Team - with the possible exception of Big Jon. Jim personally told me about his dream of a Red camera clear back in the Spring of 2005 - a full 9 months before the camera was publicly announced. I was one of the invited attendees to the Summit think tank meeting at Oakley headquarters in early December 2006 to give my input on the proposed Red camera. Jim was naturally there, as were myself, Graeme Nattress, Stuart English, and a bunch of other guys. I'm under NDA about that think tank, so I can't mention who else was there. I wrote all the early magazine articles in 2006 and 2007 about the emerging Red camera - most of which ran in Studio Monthly and Studio Daily. I did the first magazine published interview with Jim Jannard about Red - Studio Monthly, April 2006. After receiving Red 0008 on the very first day any Red cameras were delivered (8/31/07) I launched into a long parade of "firsts" with the camera, and continued on with that after receiving Red 0008X. I'm not into revisionist history at all - and especially when it comes to Red history. I was there all along through Red history, lived it, and contributed heavily to it - even long before Red was announced to the public - and those are the facts.

As I outlined above, I believe Jim's value estimates on that thread were for X series replacements for the sub-100 serial number cameras he mentioned. The actual value of any commodity is simply what someone is willing to pay for it. As I've summarized above, Red 0008X has continued the tremendous legacy started by Red 0008 - and is quite valuable in that context. I'm not looking to charge an "arm & a leg" for the camera - just a fair price to someone who will respect and use the camera. I love this camera. Its a true thoroughbred - its not ready to be put out to pasture, but rather to win many more races, then be retired to a place of respect.

 

[Steve Gibby]

Well, if the "vintage digital camera market" (almost seems like a sin to use the word "vintage" on a RED One, but. . . ) has any relationship whatsoever to the rest of the vintage markets out there, it most certainly would change its historical value. Indeed, it would have essentially no real historical value if it had been swapped out.

Stephen

See my post #22 above for feedback on what you've posted...

 

[Michael Hastings]

I would have to second many of Steve's points (one type correction though: "I was one of the invited attendees to the Summit think tank meeting at Oakley headquarters in early December 2007 to give my input on the proposed Red camera." I think you meant dec 2006).

I was the one that built the first underwater housing, with Steve's generous help (imagine agreeing to be the first to try the RED in an underwater case!). I can't remember the exact date but it was just days after that first group got their cameras.

It is hard for me to imagine that any other cameras have the number of firsts that 0008 has (to some extent, even Jim's).

the vintage "X" controversy is silly - this is a pioneering electronic device, not a Martin guitar. Anyone (other than maybe Jim) that didn't "X" their cam would have had to be a moron.

 

[Steve Gibby]

Thanks Mike...you're right, 2007 was a typo, the Summit at Oakley was December 2006. I've corrected that in my post.

I was way happy to have you design the first underwater housing for Red. It was in mid-September 2007 that you made the housing, and as soon as it was done me, Ken Corben, and John Friday hopped on a boat to Catalina Island and both Ken and John shot the very first Red underwater footage using the housing you made, which Red 0008 inside it. I remember all of us clustered anxiously around a Mac Pro laptop in the boat waiting to see the footage - then there it was! What a way cool memory...

As a sidelight to the above, a few weeks ago Ken Corben posted here on Red User that there were two most memorable occasions in his life - when his son was born, and when I loaned him and you 0008 for a week right after I received the camera (after we finished shooting the 1st Red 3D with it) so you could fabricate the first housing and we could take it and 0008 underwater.

It was only a matter of weeks after that I field produced and directed a 3 Red camera production of a world pro surfing tour event at Pipeline in Hawaii - with the water camera guy shooting 0008 in your housing while swimming right in the gnarly Pipeline wave break. I shot my city named pre-production camera "London" on the beach using an Optimo 12x, and field tested a pre-production Red EVF, and a pre-production Red Drive. The third camera was another pre-production camera ("Hollywood") shot by Ken Corben from a helicopter using a Tyler mount, and crabbing and hovering back and forth over the famous break at Pipeline.

I have a ton of these kind of stories about Red 0008 and its replacement Red 0008. Me, Mark, Dino, Blair, Billy and many others each started making Red production history starting on September 1, 2007, and have never let up or looked back. Its been a fun road. What's always tweaked me in a positive way has been to push Red One into production scenarios that break new ground. I think in terms of possibilities - not necessarily what everyone else thinks or does.

I agree, someone would have had to be an idiot to not trade in their original sub-100 serial number camera for the much-improved X series cameras. We're real world professional production guys - not museum curators

 

[Mark Allen]

I wasn't meaning to imply the camera had no value after swapping it, I think you may have mixed my question with a follow up comment in your response. I was mostly just curious, because, yes, it was a no brainer choice for all using the cameras and I wondered how the sub 20 serial number people perceived it.

I still would take the $200k offer if it was available for all the reasons I outlined in my original posting in the other thread. But as I said, I am no collector.

 

[Steve Gibby]

I wasn't meaning to imply the camera had no value after swapping it, I think you may have mixed my question with a follow up comment in your response. I was mostly just curious, because, yes, it was a no brainer choice for all using the cameras and I wondered how the sub 20 serial number people perceived it.

I still would take the $200k offer if it was available for all the reasons I outlined in my original posting in the other thread. But as I said, I am no collector.

I understand Mark. Most of my response was directed to a post after yours, but also towards the last part of your post where you said - "But wouldn't that change any historical value?" I then developed why Red 0008 and Red 0008X both have historical value regardless of the change-out of cameras.

Frankly I don't believe any Red One serial numbers between 6X and 9X are worth $200K, or even $100K - perhaps to collectors sometime in the future. I haven't set a price for the camera. I'm open to offers only via my email address - steve (at) cut4 (dot) tv

 

[Steve Gibby]

...If only we had better timing, we could have captured the first 4K 3D birth EVER!

good luck with the sale Steve-

That would have been way cool! Thanks Billy - I'm sure the camera will go to a very good home...

 

[Steve Gibby]

wow, you're really letting it go? perhaps you've already gotten your 30 day notice for the epic? hehe If only i had the budget.
best of luck to you and the lucky buyer

Thanks George. As you'd guess, I'm only very reluctantly letting the camera go. Its been a part of me for over three years now, has traveled the world, shot tons of cool projects, and been unbelievably dependable. It has many years of good front line production life left in it. But the extreme mobility of the work I usually do, coupled with the very frequent need for high frame rates, dictates that Epic and Scarlet are the future for me. But most other cinematographers, especially those who do narrative cinema where low mobility and 24p are the norm, could do top-level production for years to come with 0008 - then retire the camera to a place of respect at their studio while it grows and grows in collector value.

 

[Ketch Rossi]

Hehe, just remember of this one shot we toked at my Studios in vegas

I swore those days I did not want it to give it Back, dear #8.

Some one should really Snatch this one up while they can, if it wasn't that I'm putting my money on
an Epic-M, I would definitely consider it myself Best of Luck with the Sale Gibby

 

[Steve Gibby]

Thanks Ketch...

Yes, I remember that day at your Vegas studio after we finished shooting your Sirens of TI production! When I handed you Red 0008 your eyes lit up...the same reaction I've always seen whenever someone holds that camera. Its a special camera with a great pedigree and history. It has a lot more front-line production left in it - then it can take up a place of honor in someone's studio display.

I've had multiple inquiries about buying the camera - I expect it to sell very soon. Its more affordable than many people may think...

 

[Steve Gibby]

Red 0008 is still available...

Don't assume the camera will be beyond your budget. Contact me via email (not here on this thread) and we'll figure something out on it.

Its with great regret I'll part with Red 0008 - but the reality is that I do need to sell the camera to generate some additional funds for my branded projects and other Red equipment needs.

This camera is in superb condition, has years of front-line use left in it, and carries with it the mystique of being one of the real pioneer cameras in Red history.

Please submit inquiries via email only at:
steve (at) cut4 (dot) tv

 

[Curran Giddens]

Any news on your Epic-M yet?

 

[Steve Gibby]

Any news on your Epic-M yet?

(whistling) "Batter up!"

 

[Steve Gibby]

Red 0008 is still available...don't assume the camera will be beyond your budget. If you're interested contact me via email at steve (at) cut4 (dot) tv

I'd prefer to sell the camera with its accessories, but I may consider selling the body without accessories. The accessories that could be included would be the LCD arm, Hoodman LCD hood, ET Top Cheeseplate, ET 15mm Top Mounts, Red Top Handle, Red Top Handle Extension, Red Power Plate, ET Breakout Box, Red Charger (with cable), Red Batteries (two), PL Mount, Nikon Mount, LCD Cable, Red Drive mounted on an ET Shock Mount, and a Drive Cable.

Buy a piece of Red history which has been meticulously maintained - use it for many more years of production, then retire it to a showcase.