Market Digest: January 3, 2025

Last week, we examined 84 Leica camera sales on eBay, Fred Miranda, Reddit /r/photomarket, and Facebook Marketplace from 12/17 to 12/24 to bring you the latest trends. If you missed that post, we got you.

This week, we’re back at it. Sales slowed slightly over the holiday, but we examined 59 Leica camera sales on eBay and Fred Miranda.

Let’s get into market momentum and week-over-week changes. If you’re just here for some saucy camera finds, feel free to skip to the bottom of the list.

Digital M Series

The digital M lineup continues to show interesting price movements:

• M11 Series: Prices have softened slightly

  • Last week's range: $5,300-8,500

  • Current range: $5,690-6,600

  • Notable: Silver chrome models commanding ~$500 premium

  • Nice extras (hand grips, finger loops) helping maintain value

• M10 Series: Strong market positioning in premium segment

  • Standard M10 range: $2,900-4,860

    • Base model with box: $2,900

    • Type 3656: $3,350

    • Black Chrome: $4,860

  • M10 Monochrom: $4,985 (commanding expected premium for the specialized sensor)

  • Key value factors:

    • Boxed units typically commanding 10-15% premium

    • Special editions and numbered units showing the strongest value retention

    • Black Chrome finish maintaining premium status

• M240/M-P: Prices stabilizing

  • M240 bodies: $2,300-3,048

  • M-P variants: Premium of about $500 for black paint finish

Film M Series

The film renaissance continues:

• M6:

  • 2022 Reissue: $4,100 (with warranty)

  • Non-TTL versions: $2,100

  • Week-over-week: Slight softening at the lower end

• M2: $1,100-2,000

  • Black paint versions commanding a significant premium

  • Prices holding steady from last week

Q Series

Notable shifts in the Q lineup pricing and demand:

• Q3 Market Stabilization

  • Current range: $4,800-7,000

  • Most sales clustering around $5,000-6,500

  • Key price factors:

    • Sealed/New units: $6,200-7,000

    • Barely used (under 100 shots): $4,800-5,400

    • Additional accessories (SF 40 Flash, extra batteries) adding $200-500 value

  • Week-over-week trend: Prices consolidating toward $5,500 median

• Q2 Market Maturity

  • Standard Q2: $2,270-3,200 (down slightly from last week)

  • Special editions maintaining value:

    • Reporter Edition: $3,900

    • Monochrom: $3,950

  • Boxed units with extras: ~15% premium

• Original Q: $1,800-2,900

  • Limited editions showing strength:

    • Titanium finish: $2,500

    • Panda edition (200 units worldwide): $2,400

  • Standard models: $1,800-2,300

• Condition becoming increasingly critical to value

SL System

Relatively lower demand compared to the M series and showing consistency:

• SL2: Stable at $2,100
• SL2-S: Maintaining parity with SL2

Key Week-over-Week Trends

1. Price Stabilization

   • The Q3 market is notably more stable than last week

   • Clear price tiers emerging across Q series generations

   • Premium for new vs. lightly used becoming more standardized

   • Film camera prices stabilizing after holiday surge

2. Market Evolution

   • Increasing emphasis on condition documentation

   • Growing premium for original packaging

   • Rising importance of shutter count documentation

3. Buying Patterns

   • The holiday season showed a preference for complete kits

   • Growing interest in special editions

Post-holiday listings will potentially create buying opportunities if you’re in the market. Below are some finds to consider.

Leica Q-P QP Digital Camera with 28/1.7 Summilux

The Leica Q-P is a high-performance compact camera with a full-frame sensor and a killer prime lens. It has modern features like autofocus and EVF and is a perfect introduction to Leica's image quality and ergonomics.

Posted by Tim Lei on Fred Miranda for $2,780

Leica M240 Black 24MP Mirrorless Digital Rangefinder

The Leica M240 provides the Leica rangefinder experience with a full-frame sensor and a proven reliability record. Current prices pose an excellent value for M system entry.

On eBay in great condition for $2,850

Leica Kit: Leica M6, 35mm Summicron, and 50mm Summicron

For those of you looking to go all in on an M6, this one’s for you. Two fantastic lenses to complement the beautiful M6. The seller has purchased all items from Tamarkin Camera or directly from Leica. They are willing to sell as a full kit or split items out. Do I sense a bundle deal?

Listed on r/photomarket for $2,850, $1,900, and $1,800 respectively

See you next week!

Your friends behind the lens,

Summimarket