Adorama via eBay is clearing out the Canon EF 100-400mm f/4.5-5.6L IS USM (old version) for $1299.00.

This is a great price if you’re not interested in shelling out for the new EF 100-400mm II ($2199).

This is also notable as the price of $1299.00 is below Canon’s Minimum Advertised Price of $1499 for this lens. We’re not sure if this is a special exemption or an indication that Canon’s MAP policy is being relaxed.

With the recent announcement of the EF 100-400mm f/4.5-5.6L IS II at $2199, it’s no surprise dealers are looking to move the older EF 100-400mm f/4.5-5.6L IS (mark 1 version).

We now have a special street price of $1279 after the $200 Canon mail-in rebate, brand new from Canon authorized dealers with full Canon USA warranty. No tax and free shipping. That’s a whopping 42% less expensive than the new lens. There is very limited stock left of the old lens, so this price is only available while quantities last — and after that, it’s gone for good.

We also have great street prices on other lenses:

• EF 70-200mm f/2.8L IS USM II: Street price of $1899 AR
• EF 24-70mm f/2.8L II USM: Street price of $1749 AR
• EF 70-200mm f/4L IS USM: Street price of $989 AR
• EF 85mm f/1.2L II USM: Street price of $1759 AR
• EF 16-35mm f/2.8L II USM: Street price of $1319 AR
• EF 50mm f/1.2L USM: Street price of $1239 AR
• EF 100mm f/2.8L Macro IS: Street price of $799 AR
• EF 24-105mm f/4L IS USM: Street price of $629 AR
• See all the street prices…

If you’ve been following prices on the 100-400mm mk I (perhaps through our handy price graphs), you’ll see this $1279 AR price is the lowest price seen for this lens in six years, since December 2008.