I really wonder about this.
On the one hand, I've been "cash strapped" most of my life and I think $3k is a huge amount of money to spend for a camera, verging on "outrageous."
On the other hand, I've done it. Never actually $3k+ on a single body exclusively I guess, but close, and I've bought a $3k camera and lens, or one body plus a second backup body, or an outfit. Not once but several times. I regret almost all of those purchases—all but one that I can think of—and I wish I had most of that money back. (The one exception was my Leica M6 and 35mm Summicron, which I got good use out of and resold for almost what I paid for it.) But I have to admit I myself have spent that kind of money for gear.
On the third hand (because there's a third hand here, yup), some people have money, and buy things like boats, multiple cars, multiple motorcycles, and second homes. I even know people who have helicopters. Little tiny "personal" ones, but...helicopters.
In that kind of context, I'm just not sure $3,000 for a camera body is all that much. When you put it in perspective.
I know people who have spent $3k or more on the following items: a painting; a photographic print; a pool cue; a pool table; a lawn mower; a vacation; a bicycle (really, there are $3,000 bicycles) and a single component in a stereo system (that is, speakers, power amplifier, turntable etc., in case you don't know what I'm talking about).
I can't think offhand of any other things that people I'm personally acquainted with have spent $3k on, but there must be more examples. Can you think of any? Examples of people you personally know who have spent $3,000 on something that most of us consider ordinary, or perhaps discretionary or unneeded? Anyone know someone who has spent $3k on a bottle of wine or a watch or a pony for their daughter or a piece of furniture?
Don't feel obliged, but, want to tattle on yourself? What's the most extravagant thing you've ever bought for more than $3,000?
I don't believe I know anyone who has spent $3,000 on a meal. But then, how would I really know? Probably someone I know has done so and I just don't know about it.
I know I don't want to spend $3k for a camera again, especially one that's going to be outdated a few years. But it's all relative I guess.
What's the most you'd be comfortable spending for a camera body?
Mike
[UPDATE: I think I figured out where I'm coming from on all this. When the E-M1 Mark II came out at $2,000, I had a strongly negative reaction...because I had been anticipating its release and considering looking at it seriously. When the E-M1X came out at $3,000, I felt no reaction at all, because I'm not in the market for a camera at the moment and wouldn't buy an E-M1X anyway because it doesn't suit my tastes and needs. So I guess that's what accounts for my initially puzzlingly different reactions to the prices. —MJ]
[UPDATE no. 2: It didn't occur to me until after I wrote this post that for most of the late '80s and '90s, my annual budget for film, chemicals, printing paper and related supplies was right around $3,000! And I was being frugal—rolling my own film from bulk and buying proofing and workprinting paper on sale. —MJ]
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Harsh reality
(To see all the comments, click on the "Comments" link below.)
Featured Comments from:
YS (partial comment): "One thing I've always been astounded by, in the years of reading the blog, is despite cultural (we're like three continents apart) and age differences, there's always something you write that will strike a chord with me. I suppose that's why you've been able to do it for so long, since it clearly resonates with others too!"
Peter Wright (partial comment): "I believe you have put your extravagance bar far too low. The Swiss have a watch industry where $3,000 is not even the entry point, and it's doing very well thank you very much. I doubt if any Leica bodies or lenses can be had for as little as $3k. Likewise, $3k is hardly enough to get a basic vacation on a continent you don't already live on. I could go on. I don't thing 'extravagant' starts to kick in today at less than $10,000 for any of the items you mention. A $3k price on a camera for someone who needs it? Won't hold them up for a second!"
PaulW: "Other than housing, health, or transportation, I have never spent more than $3k on anything. I look forward to seeing the comments on this post! By the way, $3k is not considered extreme any more for a bicycle. My local shop has a number of mountain bikes with MSRPs over $4k and a couple priced at $7,500!"
mike in colorado (partial comment): "I think it was about $3k that I spent in 1999 on an Arca-Swiss F-line 4x5 camera. Without a lens. I was at a point financially and photographically that it made sense to me. I used that camera this morning, so I'm at less than 40 cents per day of ownership."
Jim Simmons: "Neither of my cars cost me more than $5,500, but I spent $7,000 for a sofa that took five months to arrive from Italy. And believe it or not, no regrets. Most expensive camera: Arca Swiss F-Metric at $2,800, 15 years ago."
Kaemu: "In the San Francisco Bay area, its not unusual to see people ride bicycles that cost between $5k and $15k. Not something I would do, but I also prefer not to think about the money I spent (squandered in some cases?) on photographic equipment. Not sure any good would come from that."
Ben Rosengart: "I have seen many, many musical instruments costing upwards of $3k, including guitars, pianos, mandolins, even ukuleles. When cared for properly, they don't depreciate (I think pianos might be the exception here)."
John Camp (partial comment): "Spending large sums of money can be stupid, ridiculous, crazy and a lot of other things, but it's also an expression of freedom."
Joseph: "Well, I spent exactly $3,000 on two gallon Ziploc bags full of smoked Kuskokwim River salmon strips. I knew the person who caught, dried and smoked the fish. And I also knew the $3,000 would buy three $1,000 scholarships for Alaska Students attending post-secondary education. I was bidding against a colleague at a fundraiser; he kept on raising me $100 until we got to $1,000. Then I said the hell with it and tripled the amount. My mother had died a couple of months before and there was a surprise $3,000 check from a very old insurance policy that showed up in the mail just before I left for the event. It was put to good use. I love Kuskokwim salmon."
Andy Sheppard: "I'm still spluttering over the $3,000 pool cue...."
Mike replies: David Jacoby makes one "Cue of the Year" each year for $25–35,000.
Geoff Wittig: "I spent almost that much on a book. Just one book. I was visiting Seattle with my son who was checking out colleges circa 2006 and also visited with one of my old college friends who lived near the city. On one trip downtown we were killing some time and checked out a 'used and rare' bookstore. There sitting in a glass case was a copy of Walt Whitman's Leaves of Grass, the fabulous 1930 Grabhorn Press edition. This is by common consent perhaps the most beautiful 'fine press' book ever printed in America. For sale, for $2,750. After several (begging) phone conversations with my long suffering wife, I bought the book. Which meant trusting the bookstore to ship it to my home back east. Several anxious weeks later it did arrive. I think it's still the finest work of art I own, though I have some beautiful photographic prints thanks to TOP that are in the running. No regrets."
Clay Olmstead: "I know people who have spent that much on a set of golf clubs, and then pay more money to use them—and greens fees aren't cheap. You can go out and shoot all the pictures you want for free."
Brian: "My wife just spent $3,000 on a dog!"
Mike replies: I almost did that! My foundling from the park, Lulu the mutt, needed a TPLO operation for the canine equivalent of an ACL tear. It cost $2,700 and ten weeks of nursing and rehab. She was grateful!
See Spencer H's comment too. Props to him for loyalty.
Jeron: "All is relative—it depends on how much money you have and the value you assign to things. Most people I know will easily pay $3,000 for a set of rims, and consider it a sensible purchase. To me, that’s an absurd amount of money for a totally irrelevant object. If I were rich, I'd just buy whatever seems to do the job and not worry about it. Not having to worry about such issues is what I imagine is the sweet thing about being rich...."
Mike replies: Most people think so, but I'm not sure. Even very rich people go bankrupt. And less rich people can be very secure. There is a great book about this that I learned a lot from called The Millionaire Next Door.
Aaron: "High-end espresso machines often cost $3,000+. I haven't bought one (yet), but know people who have. I certainly know plenty of people who have spent $3k+ on jewelry, particularly engagement and wedding rings."
Will Lovitt: "As the manager of my local camera store says, 'You only cry once.'"
Alfonso Rubio: "Three thousand dollars is about the average price for a business-class return ticket from Europe to the West Coast. It is also the price of the Canon 5D Mark IV. My Vespa 300cc cost me €4k last Spring."
Nick: "In addition to photography, my other great money-sucking hobby is the uber-geeky card game, Magic: The Gathering. There are 20,000+ different cards for the game, and some of these cards were printed in very small numbers (especially the older cards, before the game caught on in a big way). There are different formats for gameplay with different rules on which cards one can use in one's deck. The typical format (Standard) in which most people play has decks that run ~$200, and which must be frequently upgraded and replaced. The next most popular format (Modern), features decks that can run well over $1,000, but which need to be upgraded less often. Legacy, the next largest format, often features decks that cost around $4,000, and Vintage, the format that allows almost all of the cards (including the oldest and rarest) features decks that cost more than $10,000. The most expensive individual Magic Card, Black Lotus, can retail for over $6,000.
"I (thankfully) do not play Legacy or Vintage, but my total collection of Standard and Modern cards cost me well more than $3,000."
C.R. Marshall: "Three grand is nothing. My wife has a horse. Three grand is what she pays for board for six months. Not counting lessons, clinics, shows, a trailer, a tow vehicle, saddles, boots....
"She has friends who take their horses to Florida for the winter. It all comes out of her paycheck and she finds it worth every penny. Here in central Wisconsin, I see plenty of folks pulling multiple snowmobiles in the winter (and big boats in the summer) behind big trucks.
"It will cost me more than $3,000 by the time I am done with my Peter Turnley workshop in New York this summer."
Rodger Kingston: "Back in 2005 or 2006 I spent $4,000 for a limited 1930 first edition of Hart Crane's The Bridge—the Black Sun (Paris) edition, with photographs by Walker Evans. I sold my collection of signed Aaron Siskind books to pay for it. But that volume, which was Evans' rare first book, had been the essential and missing crown jewel in my Walker Evans collection, which I was later able to sell for $100,000."
Dan Gorman: "If memory serves, my wife and I spent about $3,500 on a king-size custom-made bed 8–10 years ago. Seemed like a hell of a lot of money at the time, but I've never regretted it for a moment. You can't put a price on a good night's sleep. Zzzzzz, Dan."
Philip Wynn Ramsden: "My credit card was hacked for a $3,000 lunch in Sydney a couple of years ago. I was in Sydney with my card at the time and was not invited. The card company re-imbursed me, thankfully."
David Miller: "Two principles guide my financial decisions: 1.) Live within your means 2.) Given adherence to Principle 1.), unexpected income should not be wasted on sensible purchases.
"Principle 2) has permitted me a couple of purchase well over the $3,000 mark:
—an X-Pan camera with three lenses: awakened my vision; gave rebirth to my photography; changed my life
—a top-of-the-line daVinci Designs tandem bicycle as a 40th wedding anniversary present for me and my spouse: opened our lives to new shared horizons; carries us for two or three thousand miles together every year including two trips around much of England; changed our lives
"So far it's working out pretty well."
Dave Rogers: "Bodhi, my 10-year-old Golden Retriever, tore his medial cruciate ligament one morning when he was doing one of his random, tear-around-in-circles-as-fast-as-he-could on the end of a twelve-foot leash drills. Then he screamed and fell. I'd never heard a dog scream before, and hope never to again.
"I live on a second floor condo, and I could carry Bodhi up the stairs; but going down put us both at serious risk. We moved in with my then-girlfriend, now wife, and had the surgery, itself an ordeal because they sedated the morning of the surgery, then decided to not to perform it because the surgeon didn't like what he saw on the X-ray; thought he might have had bone cancer. He aspirated vomit coming out of it, but survived and the radiologist determined it was just arthritis, so we did the surgery a week later.
"Recovery went well, and he was going up and down the stairs like nothing had ever happened. With the false start and the radiologist, I think we were around $3,200 when it was all said and done.
"A few months later, it appeared as though he had developed a dent in the side of his head. Trigeminal nerve wasn't working, and the muscle on top of his head had atrophied. Our vet said we needed to see a veterinary neurologist. A $75 consult and 20 minute exam told me he had a brain tumor that was pressing against the nerve. I would have four months to a year with him.
"It was four months to the day.
"He was fine every single day until the last one, when it was unambiguously time to say goodbye. We had 24 hours for friends to come by and say goodbye. There's an outfit called Lap of Love, they'll come to your home and do what has to be done. It's a remarkable service and very well done and I'd do it again in a heartbeat.
"It was $450, and after we had carried his body down in a litter to the vet's car, I settled up with her and we said goodbye.
"A few minutes later, I got a call from my friend who was with us at the end. She was also the one who brought Bodhi and I together almost a decade before. She said that she knew it probably didn't count as a 'good deed' if she talked about it, but she'd already paid the vet before she'd ever come to my house, she hadn't processed my card.
"Bodhi and I had about eight months, I think, after the TPLO. It was worth every penny. It's a remarkable surgery, but it gives amazing results. We enjoyed every day, though the last 90 were bittersweet.
"A bit off topic, so I won't be offended if it doesn't make the cut. But some people know the price of everything and the value of nothing."
Jennifer Blankertz: "The most I've ever spent is $8,500, on a rowboat. Of course, a Van Dusen 1x isn't exactly your average rowboat. :-) "
Mike replies: Cool. My great-aunt Dickie rowed until she was in her late 80s, and got into the boat ceremonially a few times in her 90s. Her rowboats were made of wood, but in that category she also had the best of the best. She died aged 101.
Ben Shugart: "I'm victim to frequent bouts of GLS (gear lust syndrome), but I rarely suffer GAS where photography is concerned. My last camera purchase was a used Nikon D300 in 2011 for around $750 and I'm still very satisfied with the photographs I get with it. Somehow, though, that practicality doesn't extend to my mountain biking hobby...er, obsession. $6k for a fully human-powered two-wheeler seems perfectly reasonable."
Timothy Gray: "In 2007, I spent $3,000 on a then-brand-new Epson Stylus Pro 7800 printer, including the Epson Two Year Extended Warranty and several rolls of paper. At the time, I felt sick to my stomach having spent such an amount on something I knew so little about (I was sending out for printing at the time and a colleague suggested I bring printing in-house). Well, it is now 2019 and that printer is still going strong. It has helped me win art competitions and photo awards and exhibit and sell many prints. Yes it was quite an initial outlay and yes the inks are expensive, but for something that has given me such joy over the years, it’s been well worth the price of admission."