Market Digest

Market Digest: January 10, 2025

Market trends and Leica sales from the past week

Market Overview

Over the past couple of weeks, we analyzed 143 Leica camera sales across some of the most popular reseller platforms (eBay, Fred Miranda, r/photomarket, and Facebook Marketplace.) If you missed those posts, don’t worry; we got you.

This week, we’re back at it. We examined 49 Leica camera sales on eBay and Fred Miranda.

Let's dive into what's happening on the market and, more importantly, what it means for you.

Digital M Series

The digital M lineup continues to command premium prices, but we're seeing some interesting stratification.

M11 Series:

Current pricing: $7,000-7,250
Three-week trend: $5,300-8,500 → $5,690-6,600 → $7,000-7,250
Sweet spot: $7,000 for excellent condition units

M10 Series:

Standard M10 with full kit: $3,900
M10-P Reporter: $8,500 (special edition premium)
M10 Monochrom: $5,200-5,775

Q Series

The Q series is showing remarkable market maturity.

Q3:

Price range: $5,100-7,384
Sweet spot: $5,250 (like-new examples)
Premium packages: ~$7,000
Market stability improving since December

Q2:

Standard models: $3,050-3,300
Monochrom variants: $3,700-4,560
Value add: Thumb grips/accessories ($200-300)

Original Q:

Standard range: $2,000-2,200
Q-P premium version: $2,780
Value packages: $2,200 (with extras)

Film M Series

The analog market is picking up in the new year.

M6 Variants:

2022 Reissue: Holding steady at $4,100 (with warranty)
Premium variant: 0.85 TTL Black + 50mm Summilux commanding $6,174
Standard models: $2,800-3,200

Classic Bodies:

MP Black Paint: $4,000
M3: $700-3,500 (condition-dependent)
M2: $1,750-2,200
Value Alert: Strong opportunities in unserviced examples

SL System

The SL system is showing interesting segmentation.

SL Series:

SL2-S Reporter: Premium at $4,199
Standard SL2: Stabilizing around $2,100-2,250
Original SL: Finding its floor around $1,350-1,375

Hidden Market Trends

The "Box Gap" Phenomenon
- Three weeks ago: +10% for original packaging
- Current premium: 15-20% for complete sets
- Even damaged boxes: 5-8% value boost
- Example: M10 with box ($3,900) vs. without ($3,350)
The Monday Morning Advantage
- 8-12% lower prices on Monday morning listings
- Most noticeable: Q series cameras
- Sweet spot: $2,000-4,000 range
- Example: Recent Q2 Monday sale at $3,050 vs. weekend average $3,300
Viewfinder Premium Explosion
- 0.85x viewfinder commanding 40% premium over 0.72
- Trend visible across film and digital bodies
- Most pronounced in M6 market
- Example: M6 0.85 TTL reaching $6,174 vs. standard $3,200

While you’re waiting for Monday’s listings, here are some of this morning’s finds, plus an M10 auction ending today.

Leica Q2

This Leica Q2 is priced in the sweet spot, is in great condition, and comes with the original box. It’s perfect for travel or street photographers looking for a compact Leica with snappy autofocus and amazing picture quality.

Posted on Fred Miranda for $3,000