Should You Buy This Camera
Olympus M.Zuiko 12-40mm f/2.8 PRO

Olympus M.Zuiko 12-40mm f/2.8 PRO

lens · Micro Four Thirds · released 2013-09-10
Lowest now
$364
Steep discount -64% vs MSRP
See prices at 4 sources (jumps down this page)
MSRP at launch
$999
Sep 2013
Inventory
37
across 4 sources

Prices are rising

How we compute this

Used prices have been rising recently. Prices are up 20.9% over the last 30 days. The 90-day low was $292, $72 below today. Currently 36% of the $999 MSRP.

Lowest now
$364
MSRP
$999
vs MSRP
-64%
90-day low
$292
All-time low
$269 (May 29, 2026)
30-day trend
+20.9%
Observed across 4 sources · 80 days of history in last 90 · Methodology

Latest pricing by source

Each row is a direct observation from the seller. eBay links are affiliate links. How this works.
Source Condition Price Listings Observed Link
ebay
used
→ good
$451
ships free
6 Observed yesterday view listing
keh
bargain
→ fair
$409
1 Observed yesterday view listing
keh
excellent plus
→ excellent
$549
1 Observed yesterday view listing
mpb
good
→ good
$364
12 Observed yesterday view listing
mpb
excellent
→ excellent
$509
16 Observed yesterday view listing
upp
excellent
→ excellent
$550
1 Observed 2d ago view listing

Price history

One point per day per (source, grade) pair, connected with lines. Hue marks the source; lightness within a hue marks the condition (darker = better grade). The dashed line is launch MSRP.

See Methods notes #1.1, #1.2, #1.3, #1.4.

Loading price history

Specs

Brand
Olympus
Family
M.Zuiko
Category
lens
Body type
—
Mount
Micro Four Thirds
Sensor
—
Megapixels
—
Lens type
zoom
Focal length
12–40mm
Aperture
f/2.8
Weight
382 g
Filter thread
62mm
Length
84 mm
Diameter
70 mm
Construction
all-metal
Released
2013-09-10
Status
likely discontinued

Notes

manual MSRP: Original Pro zoom; later F2.8 Pro II is $899.

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Appears in

Curated lists where this lens currently qualifies. Each list ranks members by deal score.

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Model

Sample photos

Photos matching "Olympus M.Zuiko 12-40mm f/2.8 PRO" on Flickr.

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Methods

How we compute each section

References on each chart link down here. More notes will land as new sections grow.

1. Price history

#1.1 · Grade buckets
Each seller publishes their own raw condition labels (e.g. "Excellent+", "Like new minus", "Bargain"). Those are normalized to a small bucket set: mint, excellent, good, fair, poor, and unknown. The "Latest pricing by source" table above shows both the raw label and the normalized bucket so you can audit any individual mapping.
#1.2 · Missing days
A point is only drawn on a day when a snapshot existed for that (source, grade) pair. Lines connect across gaps so a series with sparse sampling still reads as a single trend, but absence of a point does not mean a stockout: it means we didn't see a listing at that grade that day.
#1.3 · Color encoding
Hue carries the source: terracotta = mpb, sage = keh, cobalt = B&H, honey = ebay. Lightness within a hue carries the condition: darker means a better grade (mint and excellent are darkest; poor is lightest). The dashed ink line is launch MSRP, included as a reference even though it isn't a price observation.
#1.4 · Shipping
Every price on this page is the item price, the number the seller puts on the listing. Where a seller quotes shipping we show it underneath as a separate line and add it up for you, because on used marketplaces it is not small: a lens listed at $189 can carry $74 of shipping, which is 39% on top. Dealers (mpb, keh, B&H) ship domestically free or flat and we do not ask them for a figure. Where eBay quotes nothing the row says so, because some listings calculate shipping from your address and we cannot know it; on the 2026-08-23 crawl that was about a third of eBay listings, and most of them were US sellers rather than overseas ones. Price history charts the item price throughout, so a series stays comparable to its own past.
#1.5 · Lenses sold in several mounts
A third-party lens like the Sigma 35mm f/1.4 Art is one optic in a dozen mounts, and the mounts don't sell for the same money, so each one gets its own page here. Listings are less tidy: plenty of them read "Sigma 35mm f/1.4 DG HSM Art Lens" and never say which mount that is. We reject a listing whose title names a different mount, but a title that names none can't be contradicted, and we keep it rather than leave the page blank. That is a deliberate trade of precision for coverage, and it only applies to lenses carrying the note above the price table. If the exact mount matters to you, open the listing.