calumetphoto

Update: Calumet has posted an update to its Facebook page to say they might reopen a few locations. Full statement at the bottom of this post.

In a story that is still very much developing as more information comes to light, well-known camera store chain Calumet Photographic has filed for Chapter 7 Bankruptcy without so much as a whispered warning to their employees.

Photographers often scour eBay listings in hopes of snagging a good deal on camera equipment, but usually they're not expecting to find gear worth hundreds of dollars sold for the same price as McDonald's Dollar Menu items. Well, that's exactly what one lucky eBayer discovered a couple of weeks ago. The person stumbled upon a strange listing: reputable camera retailer Calumet Photo was selling a brand new Sigma EX 10-20mm f/3.5 lens for Canon DSLRs -- worth about $590 -- for just $0.99! And not just one lens, but three!