Market Digest: December 3, 2025
Live auctions, market trends and Leica sales from the past two weeks
Live auctions, market trends and Leica sales from the past two weeks
Live Auctions
Seven auctions are live. Bid before they're gone.
FEATURED: Leica Q "Nikki Sixx Edition" Ultra-rare 2017 limited edition. Black snakeskin finish, laser-engraved signature, stored unused with only ~250 test shots. Complete kit with COA, edition straps, and half cover. Bid now
HOT: Summicron-M 35mm f/2 ASPH The gold standard 35mm for M shooters. Brass construction, 0.3m close focus, clean glass with smooth mechanics. Includes caps, hood, and Leica leather case. Bid now
VALUE: Leica SL Typ 601 + L-to-M Adapter Leica's first full-frame mirrorless with 24MP sensor and 4.4MP EVF. Shoot your M glass with modern tools. Includes 4 OEM batteries. Minor base wear, otherwise clean. Bid now
MORE LIVE:
- Summicron 5cm Collapsible — All-metal, collapses for pocketable carry, no fungus. Place your bid
- Voigtländer Nokton 40mm f/1.4 — Two stops faster than the Summicron 40mm, ultra-compact. Clean glass, original box. Place your bid
- 7Artisans 50mm f/1.1 — f/1.1 speed without the Leica price. Dreamy wide open, sharp by f/2.8. Place your bid
- Billingham Camera Bag — Waterproof canvas, brass hardware, fits 2 cameras + 14" laptop. Place your bid
Over the past two weeks, we analyzed 150 Leica camera sales across popular reseller platforms. Film M bodies continue to dominate sales volume, while digital models command higher prices. If you're in the market, we have 7 live auctions running right now, including a Nikki Sixx Edition Q and a pristine Summicron-M 35mm ASPH. Check out those and more at Summimarket.
Now let's dive into what's happening and what it means for your next purchase (or sale).
Q Series
The Q series saw 48 sales totaling $184,458 with an average of $3,843. The newly announced Q3 Monochrom at $7,790 may influence used Q2 Monochrom pricing in the coming weeks. And if you want something truly unique, don't miss the Nikki Sixx Edition Q in our live auctions.
- Price range: $2,790–$5,400 across 13 sales
- Average: $4,428
- Market change: Down -15.4% from historical
- Price range: $5,825–$6,300 across 5 sales
- Average: $6,081
- Market change: Up +2.1%
- Price range: $2,265–$4,550 across 14 sales
- Average: $3,371
- Market change: Up +1.3%
- Price range: $3,250–$4,595 across 8 sales
- Average: $3,977
- Price range: $1,765–$2,875 across 8 sales
- Average: $2,261
- Market change: Up +1.8%
- Market Insight: The original Q continues to offer exceptional value as an entry into the Leica ecosystem.
Digital M Series
Digital M bodies accounted for 22 sales totaling $114,819 with an average of $5,219. The new M-EV1 ($8,995) is now shipping in the US after FCC delays. Want to shoot your M glass on a modern mirrorless? Check out our SL Typ 601 with L-to-M adapter—a killer value.
- M11 (standard): $5,695 (excluding special editions)
- M11-P: 3 sales | Range: $6,800–$7,500 | Avg: $7,233, down 3.7%
- M11 Monochrom: $7,000 (1 sale)
- M-EV1: 2 sales | Range: $8,399–$9,500 | Early adopter pricing holding strong
- Price range: $3,400–$4,000 across 4 sales
- Average: $3,689
- Market change: Down -9.8%
- Market Insight: The M10 represents excellent buying value at under $3,700, nearly 10% below historical averages.
- M9: 3 sales | Range: $2,000–$4,900 | Avg: $3,135, up 14.1%
- M (Typ 240): 2 sales | Avg: $2,375, down 7.9%
- M (Typ 262): 3 sales | Range: $2,875–$3,600 | Avg: $3,222, up 3.9%
Film M Series
Film bodies dominated transaction volume with 65 sales totaling $168,675 (avg: $2,595). The M6 and M3 each logged 17 sales—the highest of any individual models this period. Looking for glass to pair with your film body? We've got a Summicron 5cm collapsible and a Voigtländer Nokton 40mm f/1.4 live now.
- Price range: $2,200–$4,000 across 17 sales
- Average: $2,844
- Market change: Up +3.4%
- Price range: $3,000–$4,790 across 4 sales
- Average: $3,822
- Market change: Up +17%
- Market Insight: TTL variants continue to outpace non-TTL models, with strong appreciation this period.
- Price range: $1,200–$2,200 across 4 sales
- Average: $1,727
- Market change: Down -7.1%
- Price Range: $1,500–$2,429 across 5 sales
- Average Price: $2,083
- Price range: $1,070–$2,355 across 17 sales
- Average: $1,507
- Market change: Up +5.7% (excluding kid bundles)
- Price range: $1,145–$3,199 across 6 sales
- Average: $1,909
- Market change: Up +21.6%
- Price range: $3,550–$4,350 across 6 sales
- Average: $3,995
- Market change: Down -3.9%
Hidden Market Trends
1. Film Camera Market Share Holding Steady
Film M bodies represented 43% of all camera sales this period (65 of 150 transactions). This is consistent with the 6-month trend, which shows film cameras maintaining a 30%+ market share each month. Despite the hype surrounding new digital releases like the M-EV1 and Q3 Monochrom, demand for analog remains robust.
2. Mid-Week Sales Command Premium Pricing
Average sale prices peaked on Wednesdays ($3,867) and Mondays ($3,807), while Tuesdays ($2,841) and Saturdays ($2,924) saw lower averages.
3. M2 Emerges as Appreciation Leader
The Leica M2 posted the strongest gains at +21.6% versus historical averages. Clean, CLA'd examples are increasingly sought by collectors looking for an alternative to inflated M6 prices. With averages still under $2,000, the M2 may have room to run.
Quick Shots
🕊️ Pope Francis' Leica Fetches €6.5M at Charity Auction A unique white Leica M-A and Noctilux lens set, serial number 5,000,000, presented to the late Pope Francis sold for approximately 100× its estimate at the 47th Leitz Photographica Auction in Vienna on November 22. All proceeds benefit His Holiness's personal charity.
🤩 Joel Meyerowitz Named Leica Picture of the Year 2025 Leica honored street photography legend Joel Meyerowitz with its 2025 Picture of the Year award. His 1963 image "Puerto Rican Day Parade" will be released as a limited-edition print (81 copies) through Leica Galleries worldwide.
🖤 Leica Q3 Monochrom Officially Launched ($7,790) Announced November 20, the Q3 Monochrom features a dedicated 60MP black-and-white sensor, 8K video, and Leica's new SL3-style interface. It's the first Q-series camera to support Content Credentials for image authentication.
Have a Leica collecting dust? For a limited time, Summimarket is offering free listings with the ability to set a reserve. Drop us a line or learn more on our website.
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