Market Digest: July 11, 2025

Market trends and Leica sales from the past two weeks

Market Digest: July 11, 2025

Over the past two weeks, we analyzed 127 Leica camera sales across popular reseller platforms. For a fun visual representation of our growing database, check out Summimarket.

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

Q Series

Q3-43:

  • Recent sales: 9 transactions averaging $6,394
  • Price range: $5,296-7,400
  • Market showing stability with consistent demand across price points
  • Premium for mint condition examples with original packaging

Q3:

  • Standard models showing 24.1% price decrease from historical average
  • Recent range: $1,597-5,400 (significant variability)
  • 9 recent sales averaging $4,059

Q2:

  • Steady performance with 7 sales averaging $3,293
  • Range: $2,500-4,788
  • 3% decrease from historical average suggests market finding floor
  • Value add: Extra batteries and accessories ($200-300 premium)

Original Q:

  • 8 sales averaging $2,042
  • Range: $1,500-2,799
  • Showing 6.7% decrease but maintaining consistent demand

Digital M Series

M11 Series:

  • 6 sales averaging $6,958 (2.9% increase)
  • Range: $6,400-7,900
  • Market showing resilience at premium tier
  • Mint examples commanding $7,500+

M240P:

  • Strong performance with 14.2% price increase
  • 5 sales averaging $3,484
  • Range: $2,600-3,980
  • Gaining appreciation as "modern classic"

M9:

  • 3 sales averaging $2,200 (21.9% decrease)
  • Range: $1,400-2,700

Film M Series

M6 Variants:

  • M6: Leading the market with 13% appreciation
  • 11 sales averaging $3,500 (range: $2,500-7,200)
  • M6-TTL: 85 LHSA Black Paint sale contributing to 27.5% increase, averaging $4,600
  • Range: $2,650-9,499 (high variability based on condition)

Classic Bodies:

  • M3: Strong showing with 18.3% increase, 10 sales averaging $1,808
  • M4P: Stable with 1.3% increase, 8 sales averaging $2,132
  • M7: Digital-era film body up 6.4%, 7 sales averaging $4,247
  • MA: Premium model showing 19.4% increase, 4 sales averaging $4,670

1. The Film Renaissance Accelerates

Film M bodies dominated recent sales with 57 transactions averaging $3,013—a remarkable 12.6% increase from historical averages. This isn't just nostalgia; it's a fundamental shift toward tactile photography experiences. The M6-TTL's 27.5% surge and M3's 18.3% rise indicate serious collectors are driving premium valuations across the film lineup.

2. Q3 Market Correction Creates Opportunity

While the Q3-43 maintains premium pricing, the standard Q3 experienced a significant 24.1% price decrease. This correction, combined with wide price variability ($1,597-5,400), suggests condition and timing are critical factors. Savvy buyers can capitalize on lower-grade examples for substantial savings.



See you soon!

Your friends behind the lens,

Summimarket