Why Olympus MJU II is so expensive ?

Plain and simple hype

I agree with the the hype. But in their day they were stylish and easy to use.

pentaxuser said:

It's what the market will bear. This covers in five short words most if not all of the same reason why everything costs as much as it does, surely

pentaxuser

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The value of anything is that which a willing buyer is willing to pay to a willing seller. Simple economics.

I do have, and use a mju-II, the back window fell out so it is taped over and I have to make a note of the film inside. I also acquired an Olympus IS-100, fixed zoom SLR 28-100 fully automatic for £5! Image quality is much the mju-ll. Bit of a lump but a nice camera too.

Value is a fashion thing I suppose.