5 ms·

14 million... Wow. Capital really is looking for a place to run to right now

martin_a 4y ago
Yeah, but will you have any ROI on that? If Leica dies (even more) and the brand image and the fans are dying too, what will be left in the end? Will that camera be anything worth in 50 years? I find collectibles like these really hard as something to put your money in. edit: lots of auctions seem to only reach the low estimate, some are unsold. probably doesn't work as expected.
- ginko 4y ago
  >Will that camera be anything worth in 50 years? I'd be very very surprized if that camera wouldn't be extremely collectible in 50 years time. To be honest the only cameras more iconic than this are the Apollo 11 Hasselblads which are currently on the Moon.
  - christkv 4y ago
    I wonder if the next person on the moon can claim salvage rights lol
    - progre 4y ago
      I think there is some kind of heritage site agreements for the the moon landing gear.
- Finnucane 4y ago
  As a long-term investment, art and collectables are pretty high-risk. To the extent that we could guess what anything will be worth fifty years from now. Owning things like this are partly about bragging rights, a kind of dick-waving for the ultra-wealthy.
  - _ph_ 4y ago
    On the other side, I expect this camera to hold value much better than some coastal real-estate in Florida. /s The big question of course is: does out civilization and society mostly survive the next 50 years. If so, the value of that camera should be reasonably high, as it is basically the first compact photo camera and the ancestor to all 35mm photo cameras. So if there is still a market for historic items towards the end of this century, this camera should be valuable.
    - Finnucane 4y ago
      Oh sure, the camera will still be a valuable historic artifact. But that is a different question from whether it makes sense to pay $14 million as a financial investment.
      - themadturk 4y ago
        I wonder if it's really (or entirely) a financial investment. If was me paying 14.4 million euros, it would be because it's an emotional investment.
- brk 4y ago
  >Yeah, but will you have any ROI on that? There is an old joke, 4 art collectors are stranded on a desert island with only a Picasso painting (or, a rare camera), and they all managed to make a living.
  - Jistern 4y ago
    I really did laugh out loud. Here: take your upvote. That reminds me of the saying, "The lottery is a tax on the stupid." To me, it's also reasonable to say, "Buying lottery tickets is a cry of the desperate." By the way, while we are on the subject of gambling, I don't like the phrase "casino capitalism" because the term "capitalism" is usually a smokescreen which distorts and obfuscates how, for example, the US economy actually works (hint: the powerful collude to enrich themselves). But I do like the "casino" part of the phrase.
    - cduzz 4y ago
      Gambling is entertainment; ideally you buy the lottery ticket to make the 2 minute "numbers bouncing around" show entertaining. In the same way poker is only an engaging game if there are stakes, and the 2 universal stakes are "money" and "time". Anyhow, this is a cool artifact. I'm not sure if its 14 million metric units of cool or not but I'm not part of that market. Uses for this include: 1. Show it off! It's cool! 2. Make 2 more of them, sell them both secretly, keep the original 3. Look for DNA from the leica inventor, make an army baby leica inventors 4. put in a box, move it to another country, sell it and not pay taxes 5. look at it, it's cool 6. sell it to someone else with lots of money and in interest in camera stuff
      - Jistern 4y ago

Yeah, but will you have any ROI on that? If Leica dies (even more) and the brand image and the fans are dying too, what will be left in the end? Will that camera be anything worth in 50 years? I find collectibles like these really hard as something to put your money in. edit: lots of auctions seem to only reach the low estimate, some are unsold. probably doesn't work as expected.

ginko 4y ago
>Will that camera be anything worth in 50 years? I'd be very very surprized if that camera wouldn't be extremely collectible in 50 years time. To be honest the only cameras more iconic than this are the Apollo 11 Hasselblads which are currently on the Moon.
- christkv 4y ago
  I wonder if the next person on the moon can claim salvage rights lol
  - progre 4y ago
    I think there is some kind of heritage site agreements for the the moon landing gear.
Finnucane 4y ago
As a long-term investment, art and collectables are pretty high-risk. To the extent that we could guess what anything will be worth fifty years from now. Owning things like this are partly about bragging rights, a kind of dick-waving for the ultra-wealthy.
- _ph_ 4y ago
  On the other side, I expect this camera to hold value much better than some coastal real-estate in Florida. /s The big question of course is: does out civilization and society mostly survive the next 50 years. If so, the value of that camera should be reasonably high, as it is basically the first compact photo camera and the ancestor to all 35mm photo cameras. So if there is still a market for historic items towards the end of this century, this camera should be valuable.
  - Finnucane 4y ago
    Oh sure, the camera will still be a valuable historic artifact. But that is a different question from whether it makes sense to pay $14 million as a financial investment.
    - themadturk 4y ago
      I wonder if it's really (or entirely) a financial investment. If was me paying 14.4 million euros, it would be because it's an emotional investment.
brk 4y ago
>Yeah, but will you have any ROI on that? There is an old joke, 4 art collectors are stranded on a desert island with only a Picasso painting (or, a rare camera), and they all managed to make a living.
- Jistern 4y ago
  I really did laugh out loud. Here: take your upvote. That reminds me of the saying, "The lottery is a tax on the stupid." To me, it's also reasonable to say, "Buying lottery tickets is a cry of the desperate." By the way, while we are on the subject of gambling, I don't like the phrase "casino capitalism" because the term "capitalism" is usually a smokescreen which distorts and obfuscates how, for example, the US economy actually works (hint: the powerful collude to enrich themselves). But I do like the "casino" part of the phrase.
  - cduzz 4y ago
    Gambling is entertainment; ideally you buy the lottery ticket to make the 2 minute "numbers bouncing around" show entertaining. In the same way poker is only an engaging game if there are stakes, and the 2 universal stakes are "money" and "time". Anyhow, this is a cool artifact. I'm not sure if its 14 million metric units of cool or not but I'm not part of that market. Uses for this include: 1. Show it off! It's cool! 2. Make 2 more of them, sell them both secretly, keep the original 3. Look for DNA from the leica inventor, make an army baby leica inventors 4. put in a box, move it to another country, sell it and not pay taxes 5. look at it, it's cool 6. sell it to someone else with lots of money and in interest in camera stuff
    - Jistern 4y ago