If you want to know what the market is like for high-end camera gear that has been destroyed by water damage, check out this eBay auction by a Hastings, Victoria-based Australian photographer who goes by the handle tallguy069. The poor guy accidentally dropped his Canon 1D Mark III DSLR and Canon 600mm f/4L lens ($10,000+ in gear) off a boat into saltwater, completely destroying the functionality of both pieces.
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Thailand is experiencing the worst flooding it has seen in more than 50 years, and Nikon is also getting hit hard. A statement released by the company today (and photos emerging from the area) reveals that the company’s entry-level DSLR factory there is now swamped with water:

The 1st floor of all buildings at the premises are presently submerged. Details of the damages are now under investigation. [...] We are continuing to investigate details of the damage, but are unable to predict how soon operation will be resumed. We will set up our recovery support system and endeavor to restart its operation as early as possible.

This may lead to a shortage in supply and an increase in prices — the same thing we saw after the massive earthquake and tsunami in Japan earlier this year.

Notice on the damage from the flood in Thailand (via Nikon Rumors)

Image credit: Photograph by Noppatjak Attanon and used with permission