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McKeown's PRICE GUIDE to Antique & Classic CAMERAS Introduction to Eleventh Edition 2001-2002 The first edition of Price Guide to Antique & Classic Still Cameras was published in 1974. Since that time, this guide has been the single most complete and accurate reference guide to cameras in the world. The first edition included 1000 cameras. This Eleventh Edition now includes over 25 times that number. Not only has it been expanded to include more camera models, but we have made every effort to expand the information given for the individual cameras, providing dates and historical information wherever possible. The tenth edition had 3500 photos. For this edition, we have replaced most of the photographs, and now have over 6000 illustrations of much better and more consistent quality. Each new edition of this guide has made significant improvements over the last. In addition to reporting on the cameras which are routine merchandise for dealers, we try to ferret out the cameras that are not listed in any of the standard reference works. In this edition, you will find many cameras that do not appear in any other reference book. We hope you enjoy them.
WHERE ARE PRICES GOING? The general trend in collecting is toward the high quality, sophisticated cameras of postwar period (1945-1970's). Japan played an increasingly dominant role in camera production during this period. Quite apart from the mainstream market of chrome and leather machines, there are isolated individuals and groups who continue to discover beautiful wood, brass, and leather antique cameras. The value of many older cameras is relatively stable. There are not enough of these "antiques" to support a new generation of weekend camera dealers. One might even suspect that collectors of the older cameras have a fondness for cameras that is not directly related to cash. Early, rare, historically important cameras are seen less often, but so too are collectors and dealers who recognize them. There is some evidence that this segment of the market is beginning to grow again. Rare, early cameras have set new record prices in recent years at auction, but that market is very thin. Low reserve prices have led to spiraled competition and high prices achieved. On the other hand, high reserve prices have had the opposite effect, often causing all prospective bidders to shun some very important pieces. Collectors have become increasingly aware of condition. A camera which is not clean and attractive becomes difficult to sell. A few cameras escape this scrutiny if they are extremely rare, but ordinary "merchandise" had better be clean, and preferably functioning as well. Some camera types have done well in recent years. Any color other than black demands a premium. Box cameras (except ordinary black ones) are finally getting off the ground. Rare and desirable ones now command good prices. Colored box cameras, those with art-deco styling, unusually shaped plastic ones, etc. have been picked up by the demand/supply ratio. Europe is still ahead of the USA in this regard. Also worth noting: some art-deco cameras have brought considerably better prices in the art market than in the traditional camera collectors' circles. Kodak cameras have increased in popularity around the world. The plastic "Star" series cameras, once relegated to the box under the table, have been bringing good prices in Australia, especially when they are with original box.
RUSSIAN & SOVIET CAMERAS To further damage the long-term market for Russian/Soviet cameras, there are great quantities of "fakes". Any camera with special finish or special engraving is more likely to be a fake than a genuine artifact. There is an organized cartel of Russian and Polish dealers creating a steady stream of "collectible" cameras. In the process, they have ruined some cameras that had historical value, and transformed them into gold-plated or specially engraved junk. This practice will continue as long as collectors and dealers encourage it. Provenance will be all-important, because lies and made-up stories come free with every camera. Some of the fakes are laughable, such as a "Luxus" Leica with a 4-digit serial number and WWII military markings. Not all fakes are so obvious (4-digit Leicas were out of production before Hitler came to power; military cameras were not "Luxus", etc. etc.) There are many gold-plated (brass-plated), custom-engraved "Fed" cameras appearing at every camera fair. Whether they are engraved "Leica" or "Bildberichter", "Luftwaffe" or "Lufthansa" or any other imaginative name, with swastika, eagle, or other designs, these are invariably junk made only to sell to unwary collectors. At camera fairs, most dealers freely admit that these are fakes. But we have seen them offered and sold on eBay without any warnings, and indeed with false claims about their origins.
"HOT" AND "COLD" MARKETS IN THE NEW MILLENIUM Alpa cameras experienced a boom about 1997, partly due to a specialty club in Japan. Prices have softened slightly, but seem to have stabilized. Demand for Alpa cameras is still good, and supply has always been limited. Subminiature cameras have shown continued strength. Christie's landmark "Subminiature" auction in December 1991 set many new price records. The ripple effect of this auction is still being felt, and subminiature prices remain solid.
ADVICE TO NEW COLLECTORS All prices in this edition have been updated. They are as current as possible, and data has been weighted toward the most recent figures. However, we have also retained the stabilizing influence of the last 10 year price record of each camera to prevent the "overshooting" which can occur in a less researched effort. Our prices tend to follow the long-term trends more accurately in the same way that a viscous-damped compass maintains a smooth heading. The information and data in this edition is based on hundreds of thousands of verifiable sales, trades, offers, and auction bids. It is a reference work -- a research report. The prices do not tell you what I think the camera is worth, but they tell you what a lot of former owners and present owners thought it was worth at the moment of truth. That is the essence of "McKeown's Law" which states: "The price of an antique camera is entirely dependent upon the moods of the buyer and seller at the time of the transaction."
Several corollaries have been added to this general philosophy of collecting. These observations should always be taken into account when applying McKeown's Law.
INSTRUCTIONS FOR USE OF THIS GUIDE: Photos usually appear immediately above the boldface heading which describes that camera. For layout reasons, this is not always possible. At times, when the text continues to another column, the photograph appears in the middle of the paragraph that describes it. When the photo does not fit with the text, it is captioned in italic typeface, and a note at the end of the text gives the location of the photo. When a photo of one camera is placed at the end of a column where it splits the text of another camera, we have tried to set it apart visually with a simple bold line. Following these standards allows the normal boldface heading to double as a caption for most photos, thus saving a great deal of space. Captioning all 6500 photos would have required an additional 75 pages! We have used different type faces to make the guide easier to follow. The pattern is as follows:
CONDITION OF CAMERAS
INTERNATIONAL STANDARD CONDITION SCALE
GRADE---COSMETIC CONDITION
GRADE---FUNCTIONAL CONDITION In this system, an average camera would be rated as 5F. A camera rated as 3G would mean cosmetically showing minimal signs of wear, but with questionable accuracy of meter or shutter. Thus a very specific description of condition fits in a small amount of space, and eliminates the problems which have been associated with word or letter descriptions which do not allow distinctions between cosmetic and functional condition. To be even more specific, users may wish to expand the cosmetic grade by using a second digit. Thus "56B" would mean cosmetic condition somewhere between grade 5 and 6, guaranteed to be functioning properly. Since we proposed this system, Camera Shopper magazine and some dealers have adopted a similar system, but with the numerical values reversed so that 10 is the top grade. If buying any camera without inspecting it, be sure you know what grading system is in use. Generally speaking, condition will affect prices as follows. However, these are only approximations. Condition affects price differently on various types and ages of cameras. Suggested allowances below are given as percentages of the listed price.
COMPARISON WITH OTHER GRADING SYSTEMS: *SA = American advertisements
Any missing or loose parts should be specifically noted. Use of (-) after a condition number or letter means that it meets the standard except for minor condition AS DESCRIBED in adjoining comment. Use of (+) means it exceeds this condition standard, but doesn't qualify for next higher rating. If your camera has missing or broken parts, it will take another similar parts camera to make it whole. Value formula: Parts camera 1 + Parts camera 2 + Labor = price of complete camera. Sometimes collectors are more lenient in applying these standards to older and more rare cameras, and more strict in applying them to newer or more common models. This is somewhat self-defeating. If you describe a camera as "very good condition considering its age", you are adding a personal judgment that old cameras should be judged by a different set of standards. Even though most cameras of that age may show some signs of age, the fact that it is old does nothing to improve its condition.
INTERPRETATION OF PRICE FIGURES: Unless specifically stated "body only", the prices relate to a camera with normal lens, back, and whatever else might be part of its normal operating state. The lower priced items in this guide and on the market tend to be slightly over-priced, simply because the cost and bother of advertising, selling, and shipping an $5.00 item is not much different from the same costs and efforts to sell an item valued for hundreds or thousands of dollars. The middle priced items show the most accurate prices. They are the most commonly traded; they are in large supply, and thus the market is very stable. The higher priced cameras of any particular style, brand, or age tend to be the most volatile, because there is both limited supply and limited demand.
DON'T EXPECT TO GET "BOOK PRICE" FROM A DEALER
PRICES OF CAMERAS IN JAPAN AND EUROPE
HOW OUR PRICES ARE DETERMINED Our prices represent the normal range for the largest share of the cameras sold. Our prices are based on extensive research, not guesswork. We are not dealers in cameras, because we view that to be a conflict of interest.
EXCHANGE RATES As a general frame of reference, and for historical reasons, we are providing a chart listing the exchange rates for the U.S. Dollar values of the indicated currencies as of January 5, 2001. Multiplying these factors* times the U.S. Dollar price gives the value in the foreign currencies.
NOTE:
SELLING YOUR CLASSIC CAMERAS:
AUCTIONS
INTERNET AUCTIONS
DEALERS
CAMERA FAIRS, FLEA MARKETS -
DISTRIBUTING LISTS
CLASSIFIED ADS
REPRODUCTIONS OF CAMERAS The best known makers of reproductions, restorations, fakes and frauds are: Luc Bertrand - Belgium. A craftsman who restores and reproduces cameras. Reproduces metal cameras well, and also makes wooden cameras which are quite difficult to distinguish from originals. He reproduces rare cameras in very small quantities, for his own collection and for private collectors and museums. In his favor, it must be said that he marks his reproductions with his initials and date. Unfortunately, they have sometimes been misrepresented by others as originals. Pre-1989 reproductions were all done in very small series, usually 1 to 4 examples, of which Bertrand normally kept one in his own collection. Sometimes the others have a serial number 1 to 4 in addition to the "LB" or "BL" and date code. After 1989, Bertrand identifies his reproductions with a small "LFB" monogram stamped into the wood or metal. As of 1990, Bertrand had reproduced only about six cameras in series. Another fifteen or so were made in single examples for his personal collection. As of mid-1990, Bertrand stated that he had made a total of 35 replicas, half of which were still in his possession. Restorations by Bertrand are stamped also with his initials and date, on the part of the camera which has been restored.
Mr. Bertrand has been kind enough to give us samples of his monogram stampings so that we may make them public. This is an honest effort to keep any of his reproductions from being misrepresented. Greenborough - We have not met nor spoken with Mr. Greenborough, and so our report is based on information from other collectors. Reportedly, he and his wife are both Polish, but living in Germany. Apparently he does not make cameras himself, but has had copies made of historical cameras, and has also marketed imaginative designs of recent inspiration. According to our sources, he has the copies made in Poland. It is our understanding that these copies are not identified as such, and that many are subsequently offered for sale as original cameras, either through ignorance or deceit. One source indicates that he may no longer be operating in this business. Cameras attributed to Greenborough include: Leica 250, Minox Cigarette Lighter, Ticka Watch Camera (Taschenuhr Camera), Leica Luxus, John Player Cigarette package cameras. Oberlaender - The late Rolf Oberlaender made replicas of some famous cameras, including the Doppel Sport (pigeon-borne aerial camera), and the "Photo Carnet" version of Dr. Kruegener's Taschenbuch Kamera. Some of these replicas are nearly indistinguishable from originals. We are not aware of any special markings on the pigeon cameras, and know of several cases where they have been represented and sold as originals. At least one of the Photo Carnet cameras was identified as a replica with the letter "R" after the serial number on the spine. It was resold at Christie's in December 1991. At the same sale, an example of the Doppel-Sport replica was sold. Both of these were properly described by Christie's as replicas. Both Greenborough and Oberlaender creations have been sold directly or indirectly to some of the most knowledgeable and respected collectors in the world. These and other reproductions have been integrated into major collections without notice being made as to their origin. They have been resold as originals, either by intent or through ignorance. A number of otherwise respected dealers have actively supported the counterfeiters by selling the forgeries as a part of their normal business, generally without admitting any knowledge of the origin of the goods, and often with a story which implies authenticity of the counterfeit goods. Counterfeit cameras are often aged artificially. THE FOLLOWING CAMERAS ARE KNOWN OR ALLEGED TO EXIST IN REPRODUCTION OR OUTRIGHT FORGERY: BEN AKIBA - Cane-handle camera. Copies have been made by Oberlaender. BERTSCH (small model). While we know of no examples of the large model being reproduced, there are definitely copies of the smaller one. Bertrand produced four examples, including two different magazine designs. BRINS MONOCULAR CAMERA - At least four reproductions have been made by Luc Bertrand. Some have his initials and date (e.g. "BL82") stamped inside, but not all have been properly identified as reproductions by resellers. Reproductions likely outnumber originals on the market. BUTCHER'S ROYAL MAIL POSTAGE STAMP CAMERA - Reproductions have been made in India in the mid-1980's, and offered to photographica dealers for resale. At least one reputable London dealer refused to buy any unless the maker promised to mark all of his creations distinctly as reproductions. The maker refused, and unmarked replicas have appeared on the market. These often lack a strap. The 'W. Butcher & Sons' identity disc of the side may be missing or of very poor manufacture with indistinct pressing. CARL ZEISS JENA CONTAX - There have been a number of fakes. Some from the early 1990's were detectable by their non-brass backs. In the mid-1990's, it became more complicated. Contaxes without Jena markings appeared with brass backs; Jena-marked cameras appeared with the inexpensive non-brass backs. It became difficult to determine what was genuine and what was concocted. These were mixed up with fake Jena Contaxes of various quality, even some made from Kievs. Future scholars will have difficulty sorting the truth from the fiction in determining the story of the evolution of the Contax. CONTAX "for China" - have originated from sources known for forgeries. CONTAX (Kriegsmarine) - At least two know examples originated in Moscow and were offered on the market about 1994. Authenticity is questionable. CONTAX (sand-colored) - There exists a genuine sand-colored Contax, sometimes called the "Rommel-Contax" because of its desert sand color. However, there are counterfeits made by Greenborough. At least 5 or 6 counterfeits have appeared. Generally the sand coloring comes off easily, revealing the ordinary chrome underneath. DE NECK PHOTO CHAPEAU - Four reproductions made by Bertrand, of which at least two were sold. ENJALBERT PHOTO REVOLVER - Three known reproductions by Bertrand. ENJALBERT TOURISTE - Copies exist from Bertrand. FED STEREO LENSES - (copy of Leica Stemar) have appeared on the collector market. Although of very good quality, these are 100% new, not original Fed equipment. FOTAL - Some copies have been offered on the market at about DM 2000. Source of manufacture unconfirmed. JOHN PLAYER CIGARETTE PACKAGE - Reportedly made in Warsaw, Poland by a Mr. Kaminski. Although sometimes reputed to have been used by the KGB as spy cameras, we have seen no credible substantiating evidence. Most likely, these were designed and executed for the collector market. KRUEGENER TASCHENBUCH (Photo-Livre Mackenstein) - Copies have been made and sold which are somewhat crude reproductions. However, if the buyer is not familiar with the original, he could be misled by an unscrupulous seller. Other replicas are of good quality and could easily be mistaken for originals. At least one example made by Oberlaender is identified with the letter "R" (for Replica) stamped after the serial number on the spine. LANCASTER WATCH CAMERA - Reproductions exist. Source unconfirmed. LEICA CAMERAS IN GENERAL - The caveat "buyer beware" applies across all Leica models. There is a lot of refinishing of original models to improve their appearance, and the conversion of chrome to black models where this can increase the value. Black Leica IIIg models have been faked (sometimes with the three-crowns logo, sometimes without). LEICA (Anastigmat) - The Leica A Anastigmat camera is one of the rarest of Leicas. Fakes have been made, and even the lens has been sold separately. One American dealer advertised a genuine one for sale and listed its serial number in the ad. Shortly thereafter, the same serial number began to appear on fake ones. LEICA I Elmax - Nine of ten on the market today are fakes. Lens probably started as an Elmar, then the name ground down, refilled and reengraved. These are nearly impossible to detect without removing the lens and inspecting it under a microscope to count the lens elements. Elmar is a 4-element lens and Elmax is a 5-element lens. Bodies are normally genuine. LEICA LUXUS (gold models) - Counterfeits have allegedly been made by Greenborough, using "correct" serial numbers. Several different cameras bearing identical serial numbers have been sold to unwitting collectors. One example was offered by a well-known dealer to a shop in Brussels. The shop owner checked with the factory to verify if the number was correct. It was, so he bought the camera. Subsequently, Leitz had several other inquiries regarding the same serial number, and it was determined that multiple copies existed using that same number.) Knowledgeable collectors are well aware of the existence of numerous gold Leicas originating in Poland and finding their way to the West and Japan, earlier through East Berlin. Several years ago, a genuine luxus camera, verified by the factory, was sold at Auktionshaus Cornwall in Cologne. Within six months, a fake with the same serial number had also appeared on the market. Russian "Fed" cameras have also been engraved with Leica markings and gold plated for sale to the collector market. Most "Luxus" Leica cameras on the market are fakes. "ADENAUER" LEICA - Reportedly at least 3 fakes are in circulation, but the original resides in the Adenauer Museum. LEICA 250 REPORTER - Once thought to be a safe investment among Leica classics because of the difficulty of duplicating the body casting. This is no longer true. Fake Leica Reporters are now a staple in the Polish economy. LEITZ RIGID SUMMICRON LENS - One Leica dealer has reportedly made more of these than E. Leitz. MARION METAL MINIATURE - maker unknown. MINOX A LUXUS - Genuine examples have a patterned finish to the metal. Some normal models have been plated and have a smooth surface. These are easily spotted. Reportedly, there also exist some reproductions with patterned metal cases, presumably with genuine Minox working parts. MINOX IN CIGARETTE LIGHTER - First appeared about early 1990. It consists of a normal Minox camera in a chunky gold-plated housing which also contains a butane lighter. There are several minor variations. It has been represented as a KGB camera, but is a totally modern curosity without historical significance. NEUBRONNER PIGEON CAMERA - Several came on the market about 1989. Probably Oberlaender reproductions. RING CAMERAS - A number of cameras disguised as finger rings appeared on the market in the mid-1980's, sometimes attributed to the KGB. The actual source is uncertain, but reportedly somewhere in Poland. A new series began to appear in the mid-1990's, mostly brass finish and of poor quality. These reportedly came from St. Petersburg, and seem to be bad copies of the Polish fakes. Even more recently there have been some ring cameras with a hinged "fox head", or other hinged top. These are also poor quality novelty items, not legitimate spy cameras. We have added descriptions and some photos under the general heading "RING CAMERAS" in the 11th edition. SCENOGRAPHE - Reproductions exist, including the name on the bellows. Bertrand has made one for his own collection, but allegedly no others. We have heard reports of reproduced Scenographe cameras, but have not seen them and have no documentation. SLIDING-BOX WET-PLATE CAMERAS - Beginning about the late 1980's, some fake/replica sliding-box cameras began showing up on collector fairs and auctions. They have generally been in the 5x4" and quarter-plate sizes. The bodies are reproductions, but they are usually fitted with early lenses. Normally they do not have darkslides. Experience is the only guide to authenticity. SPORT (CNOPM) - Sport (Cnopm) cameras in green finish have been made for the collector market. SUTTON PANORAMIC CAMERA - One was made and sold by Bertrand as a reproduction. After switching hands several times it resides now in a major collection, being represented as original. TICKA WATCH CAMERA - Ticka watch camera reproductions are known in gold, silver, and chrome. A "Watch-Face Ticka" was withdrawn from a Christie's auction after it was determined to be a forgery. It will no doubt surface again without warning. VOIGTLÄNDER DAGUERREOTYPE CANNON - One known fake resides in a private collection. Not only is the size wrong, but the Voigtländer name is spelled wrong. Others probably exist. VOOMP - Fakes exist. READERS ARE ASKED TO REPORT FURTHER INFORMATION ABOUT ANY OF THESE OR OTHER REPLICAS & FORGERIES - We will be happy to publish further details about the cameras and/or any dealers or persons known to be intentionally defrauding camera collectors.
FOR FURTHER INFORMATION: We regret that we are unable to answer individual questions by mail, by phone, or by e-mail. For further information we recommend joining one or more of the collector organizations listed in the appendix. You may also wish to write to a "help" column of a club newsletter or commercial publication. There are also various sources of help on the internet, including manufacturer's sites, chat groups, etc.
11595 State Road 70 Grantsburg, WI 54840-7135 Phone: 1-715-689-2153 (8:00 - 4:30 Central time) Fax: 1-715-689-2277 (24 hours) |
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