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Old Aug 7, 2002, 3:42 PM   #1
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Default Gray Market

Hey. I am about to buy a Canon G2, but we found an ad in the local paper that said, "Olympus Digital Camera, E-10... unused, $750" I have heard the term "gray market" and want to know:
1. What is gray market
and
2. What questions can I ask this seller to determine if this camera is new, not refurbished or "gray market?"
Thanks for any help!
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Old Aug 7, 2002, 8:55 PM   #2
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Gray Market= camera bought from an oversea's country. Warrentee not good/accepted in the US. If vidio output to a TV is important than it may not be compatable. Usually doesn't have all the goodies in the box that the US model will have.
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Old Aug 8, 2002, 1:20 AM   #3
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Gray market goods are defined as items manufactured abroad and imported into the US without the consent of the trademark holder. Gray market goods are not counterfeits; however, differences may exist between these goods and those goods produced for American sale. Some of these differences may involve warranty coverage or compliance with US regulatory requirements. The effect of this parallel system is that similar goods are available in the US at different prices. US Customs regulations permit the importation of gray market goods with one exception. This exception protects the trademark holder in its contractual agreement with those firms which the trademark holder chooses to allow to manufacture its goods on the condition that the foreign manufacturer promises not to import the goods in the US. Otherwise, the parallel importation of gray market goods is permissible.
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Old Aug 8, 2002, 6:25 AM   #4
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ajitkataria,
Best I have ever seen gray market defined. Most merchants dealing in it cannot even spell it (grey). Well done post.
Gary
A cut and paste from Olympus

It has been recently reported that Olympus CAMEDIATM cameras originating from Outside the USA have been available from some Internet, Canadian, and U.S. Dealers. Olympus America Inc. feels it is important that we bring this issue to your attention since purchasing Gray Market (non-Olympus America specification) cameras in the U.S.A. will result in the following difficulties:
Olympus CAMEDIATM cameras originating from sources outside of Olympus America, Inc. are not warranted by Olympus America, Inc. and therefore would not be eligible for warranty service from Olympus America, Inc. The origin of these cameras can easily be traced via the serial numbers and the lack of FCC logo on the camera(s). Olympus offers only a Limited Warranty for the nation of distribution.
European specification cameras are set up for the PAL video standard and therefore are not compatible with the NTSC standard in the U.S.A., thereby disabling the important video preview feature. (This feature is not correctable)
Since the Olympus CAMEDIATM cameras are subject to Part 15 of FCC regulations, it is possible that gray market cameras may not meet FCC standards and therefore, sellers of these cameras may be subject to extensive fines.
Cameras originating from Asian countries will not have English Language menus.
Olympus America Inc. packages specific software in many of the CAMEDIATM cameras available only through Olympus Authorized Dealers. Olympus America, Inc. is not obligated to upgrade or provide this software for gray market cameras. Nor to offer any technical support for these products or the cameras.
All Olympus CAMEDIATM cameras marketed by Olympus America, Inc. can be easily identified by the following distinctive packaging:
CAMEDIATMTM ModelStock Number UPC Code PackagingC-700 Ultra Zoom225285050332 133938White and Blue BoxC-720 Ultra Zoom225335050332 137295Blue BoxC-2100 Ultra Zoom225215 050332 130432 Red BoxC-2040 Zoom225250 050332 132375 Blue BoxC-2500L225090 050332 12787 Red Box225092 050332 293854 Light BlueC-3000 Zoom225025 050332 131286 Blue Box225027 050332 294899 Blue BoxC-3020 Zoom225300050332 135192White & Blue BoxC-3030 Zoom225160 050332 129634 Magenta BoxC-3040 Zoom225260050332 132290Magenta BoxC-4040 Zoom225295050332 134898White & Blue BoxE-10225230 050332 131354 Silver BoxE-100RS225240 050332 130470 Gold BoxE-20N225315050332 135239Silver BoxDon't be disappointed with an Olympus CAMEDIATM camera that will not perform up to our exacting standards. Be sure to purchase a CAMEDIATM camera from your authorized Olympus dealer. If you are not sure, check our Retail Finder for an authorized dealer in your area.



[Edited on 8-8-2002 by Gary Senkus]
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Old Aug 9, 2002, 9:38 AM   #5
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call up and ask as many question as you need to get answered. your the buyer and hold the money. if he gives you the runaround you don't need it that bad. remember if a deal sounds to good to be true it generally is.



[Edited on 8-9-2002 by sjms]

[Edited on 8-9-2002 by sjms]
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Old Aug 10, 2002, 7:46 AM   #6
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Thanks for all the responses! It has been most helpful.
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Old Aug 10, 2002, 7:59 AM   #7
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Default Good FAQ on GRay market

Gray market is not a U.S. phenomenon. It is applicable everywhere.

http://www.antigraymarket.org/faq.html
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Old Aug 20, 2002, 1:02 PM   #8
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Would the seller agree to you're sending it in to Olympus for a check-up? It doesn't cost that much. If Olympus says the condition is new as claimed, it sounds like a good buy. If it needs work, they will give you an estimate.

I don't know about honoring warrantees on grey market gear - I've never needed such a repair - but I have bought a lot of grey market equipment from reputable dealers with no compaint.
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Old Aug 20, 2002, 1:19 PM   #9
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if you look at my post above you will see it is mainly a cut and paste from olympus site on gray market.
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