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Post by yashica1943 on Jul 29, 2017 2:52:10 GMT -5
I have just read an American magazine 'Popular Photography' from 1991 where a writer states that at the end of production, Praktica cameras that sold for $165 each were costing the firm $600 to make. Which sounds quite extraordinary.
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Post by raybar on Jul 29, 2017 12:27:22 GMT -5
If I'm not mistaken, that was from "SLR Notebook" by Herbert Keppler, Popular Photography January 1991.
Selling something for a quarter of what it cost to make it was the genius of communist economics.
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Post by John Farrell on Jul 29, 2017 15:20:13 GMT -5
If I'm not mistaken, that was from "SLR Notebook" by Herbert Keppler, Popular Photography January 1991. Selling something for a quarter of what it cost to make it was the genius of communist economics. But was this the case during the production life of Praktica cameras, or only at the end of production - after reunification? |
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Post by paulhofseth on Jul 29, 2017 16:28:27 GMT -5
Or , before the collapse, it may just have been a case of lopsided currency trading. The East Mark was not worth that much and DDR needed foreign currency.
The date and provenance of the bill and the currency calculation would be enlightening.
p.
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Post by raybar on Jul 29, 2017 16:31:45 GMT -5
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Post by John Farrell on Jul 29, 2017 19:44:47 GMT -5
It isn't clear from the article whether the Praktica was uneconomical to make over the whole of its production life.
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