Market Digest: January 23, 2025
Market trends and Leica sales from the past week
This Week in Leica: The Numbers Worth Knowing
Hey there, Leica friends! This week, we tracked 80 Leica sales across eBay, Fred Miranda, and r/photomarket (bringing our monthly total to 239 transactions). Let's break down what's happening in the market and what it means for your next move.
Digital M Series
M11 Series:
- Where we are now: $5,800-6,400
- The journey's been interesting: $5,800-8,500 → $5,690-6,600 → $6,337-7,250 → current range
- Sweet spot: $6,200 for excellent condition units
- Market note: Silver chrome is having quite a moment
M10 Family Update:
- Standard M10: Steady at $4,850-5,000 (slightly up from early January)
- M10-P: Ranging from $4,850-7,000 (those special editions are keeping things interesting)
- M10 Monochrom: Finding its feet at $5,800-5,900
- M10-D: Still commanding $7,000+ (scarcity remains a factor)
Q Series
Q2:
- Current range: $3,400-3,800
- Sweet spot: $3,600 for excellent condition
- Noteworthy: Limited edition models holding steady at $4,200+
- Market insight: Battery grip packages adding $200-300 premium
Original Q & Q-P:
- Q (Typ 116): $1,995-2,600
- Q-P premium holding at $2,800-3,000
- Titanium Gray editions: Commanding $2,569 (recent notable sale of mint condition in box sold on eBay)
- Value add: Original boxes adding 12-15% to prices
Film M Series
Recent Reissues:
- M6 (2022): Holding strong at $4,100-4,300
- Notable sale: M7 0.72x TTL Silver at $3,700 (sold on eBay)
- Market shift: Growing premium for 0.85 viewfinder variants
Classic Bodies:
- M6 Classic: $2,700-3,345 (condition and TTL/non-TTL dependent)
- M3: $1,100-2,788 (ranging widely based on condition/variant)
- M2: $943-1,075 (body only)
- M5: $1,395-1,540 (3-lug models)
- Service history becoming increasingly important
SL System
SL2-S:
- Current range: $2,375-3,200 depending on what's in the box
- Highlight of the week: Complete kit with TT Artisan 50mm f/0.95 at $2,375
- Emerging pattern: Buyers are loving their bundles
- Reporter premium: Not quite what it used to be
Hidden Market Trends
- The Monday Morning Effect: Consistent 8-10% discount on cameras listed early Monday, particularly noticeable in Q series and M10 sales.
- The Viewfinder Premium: 0.85x viewfinders now commanding 35-40% premium over 0.72x across both film and digital bodies. Most pronounced in M6 market.
- The Service Documentation Play: Recently serviced cameras with documentation selling 20-25% above market average.
- The Partial Kit Strategy: Incomplete kits (missing caps, hoods, or documentation) selling at 30-35% discount, creating arbitrage opportunities for buyers with access to replacement parts.
Three cameras to peruse:
Leica Q2
With the release of the Q3, Q2s are ripe for the picking. This near-mint Q2 from Tim Lei is priced right and comes complete with the original box.
Listed on Fred Miranda for $3,380
Leica M10 Silver Chrome
This M10 is priced below recent ranges ($3,800-4,000) and is listed in excellent condition. Two batteries and a thumb rest are included. Although pictured with a Zeiss lens, this sale is for the body only.
Find it on Fred Miranda for $3,700
Leica M6 (Classic) Non TTL 0.72
With the reissue M6 holding steady at $4,100+, classic M6 bodies under $3,000 are a solid value proposition. This listing is in mint condition and comes with the original box and strap.
Have a cool camera you’d like featured or one you’re searching for? Let us know!
See you next week.
Your friends behind the lens,
Summimarket
