George D.
Well-known member
I just want to say that I am VERY, VERY unhappy about how the resale value of Red-Ones has plummeted. Anyone selling their Red-Ones now will be losing a LOT of money. And, that, I personally, just cannot afford to do. I mean, the average price of a used "complete kit", with SSD modules, SSD Cards, and the works, is about $14,000.oo +/-. That is REALLY painful to see.
Since our Red-One is virtually new, with only about 30 minutes of footage shot with it, I was hoping to sell it, with only the lose of a few thousand dollars, to pay for a complete Scarlet-X set up. Especially since the original cost of the Red-One "body" is about the same as the entire cost of a Scarlet-X package.
We wanted the Scarlet for only two reasons; smaller and lighter. Because, for our type of cinematography, that makes it ideal. But, it does not look like we're going to be able to do this, because we are a VERY small production company of only two people, and just cannot afford the lose and financial outlay for yet another camera.
I was thinking the Red-One was more future-proof than it is, and am sorely disappointed to see that it is not.
If this keeps up, a year from now, you'll probably be able to pick up a "good" used Red-One package for about $5,000.oo
I hope that's a severe over-exaggeration, but it just might not be.
I'm afraid it's a sign of the times, and a result of the technology race photography/cinematography equipment is in. It is only going to get worse. The greatest camera in the world now, will be obsolete a year from now. Sad, very sad.
This is meant as no offense to anyone or any product. I love Red, their cameras, their equipment, and the guys at Red Digital Cinema, but it looks like it's worse than buying a new car. The minute you drive it off the lot, the value drops like a rock. And, I'm afraid this is true of ALL photography equipment, of ALL makes, and ALL models, from ALL companies. Especially ones like Sony, Panasonic, Nikon, Canon, and others that can't come even close to matching the quality of Red products.
Oh well, life goes on.
***UPDATE***
As of today 12-18-11, there have been 56 responses to my thread. I want to thank you all for your input and insight into what I originally thought was a camera-resale problem. Well, I no longer think so.
After reading all your great comments, I have come to the conclusion that it was a GOOD thing after all that we did not do the swap for the Scarlet. The R1 does have good advantages over the Scarlet, like it can shoot at 120fps and it can pre-record, just to name two. And, it looks like there may be a surprise from Red for R1 owners.. maybe, maybe not, but either way, I'm happy with our camera and will continue to put it to good use.
And, you're all right. Only a 40-50% drop in value in almost 5 years is very good compared to other cameras. And, what really matters is not how much you can get for it when you sell, but what it can do for you when you're using it, and the Red-One does super-great in my book.
I'm happy, so thanks again to everyone, and have a GREAT XMAS.
.
Since our Red-One is virtually new, with only about 30 minutes of footage shot with it, I was hoping to sell it, with only the lose of a few thousand dollars, to pay for a complete Scarlet-X set up. Especially since the original cost of the Red-One "body" is about the same as the entire cost of a Scarlet-X package.
We wanted the Scarlet for only two reasons; smaller and lighter. Because, for our type of cinematography, that makes it ideal. But, it does not look like we're going to be able to do this, because we are a VERY small production company of only two people, and just cannot afford the lose and financial outlay for yet another camera.
I was thinking the Red-One was more future-proof than it is, and am sorely disappointed to see that it is not.
If this keeps up, a year from now, you'll probably be able to pick up a "good" used Red-One package for about $5,000.oo
I hope that's a severe over-exaggeration, but it just might not be. I'm afraid it's a sign of the times, and a result of the technology race photography/cinematography equipment is in. It is only going to get worse. The greatest camera in the world now, will be obsolete a year from now. Sad, very sad.
This is meant as no offense to anyone or any product. I love Red, their cameras, their equipment, and the guys at Red Digital Cinema, but it looks like it's worse than buying a new car. The minute you drive it off the lot, the value drops like a rock. And, I'm afraid this is true of ALL photography equipment, of ALL makes, and ALL models, from ALL companies. Especially ones like Sony, Panasonic, Nikon, Canon, and others that can't come even close to matching the quality of Red products.
Oh well, life goes on.
***UPDATE***
As of today 12-18-11, there have been 56 responses to my thread. I want to thank you all for your input and insight into what I originally thought was a camera-resale problem. Well, I no longer think so.
After reading all your great comments, I have come to the conclusion that it was a GOOD thing after all that we did not do the swap for the Scarlet. The R1 does have good advantages over the Scarlet, like it can shoot at 120fps and it can pre-record, just to name two. And, it looks like there may be a surprise from Red for R1 owners.. maybe, maybe not, but either way, I'm happy with our camera and will continue to put it to good use.
And, you're all right. Only a 40-50% drop in value in almost 5 years is very good compared to other cameras. And, what really matters is not how much you can get for it when you sell, but what it can do for you when you're using it, and the Red-One does super-great in my book.
I'm happy, so thanks again to everyone, and have a GREAT XMAS.
.
