This is insane! I always wondered how the photographic gray market worked and this seizure, apparently, is part of the answer. The real question is, what are they gonna do with all that shit? Either the chinese government is going to have an awesome christmas or it will all just sit in a warehouse somewhere. Or maybe.
“This past Wednesday, customs officers in China announced the bust of a gigantic camera smuggling operation and the arrest of 14 suspects connected with the illegal transportation of $63.5 million worth of camera equipment. The smuggling ring has allegedly smuggled 60,204 cameras, 13,623 lenses, 483 flashes, 1,025 video cameras, and 348 projectors. Since camera equipment is much cheaper to buy in Hong Kong — 20% to 30% less — smugglers profit by sneaking the gear into mainland China (avoiding customs taxes in the process) and selling it through the gray market.”