Market Digest: July 26, 2025

Market trends and Leica sales from the past two weeks

Over the past two weeks, we analyzed 94 Leica camera sales across popular reseller platforms. For a fun visual representation of our growing database, head over to Summimarket.

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

Q Series

Q3-43:

• Price range: $5,650-6,650
• Current average: $6,121 (showing 3.3% decline from historical average)
• Market stabilizing after initial premium pricing

Q3:

• Price range: $3,500-6,495
• Current average: $4,803 (11.1% below historical average)
• Excellent buying opportunity - high variability suggests condition-dependent pricing
• Strong volume with 9 recent sales

Q2:

• Price range: $2,600-3,700
• Current average: $3,094 (7.3% below historical average)
• Consistent demand with 12 recent sales
• Sweet spot for value-conscious buyers

Original Q:

• Price range: $1,300-2,800
• Current average: $2,283 (4.6% above historical average)
• Entry-level Q option showing steady appreciation

Digital M Series

M11 Series:

• M11 Standard: $5,500-6,000, averaging $5,720 (13.9% below historical)
• M11 Monochrom: $7,300-8,200, averaging $7,793 (4.7% above historical)
• M11-P: $7,400-8,400, averaging $7,800 (2.8% above historical)
• Market correction creating opportunities in standard M11

M10:

• M10 Standard: $3,850-4,703, averaging $4,249 (4.1% above historical)
• M10-P: $5,900-6,000, averaging $5,950 (19.8% above historical)
• M10-R: $5,200-5,500, averaging $5,350 (stable)
• Strong performance across variants

Legacy Digital:

• M9: $2,900-3,869, averaging $3,455 (26.7% above historical)
• M240: $2,225-5,071, averaging $3,180 (23.6% above historical)
• Vintage digital bodies are having a moment

Film M Series

Classic Bodies:

• M6: $2,490-5,200, averaging $3,471 (26.1% above historical)
• M4-6: $3,300-3,600, averaging $3,478 (4.5% above historical)
• MA: $3,900-4,350, averaging $4,047 (3.8% below historical)
• Film photography surge driving strong appreciation

Hidden Market Trends

1. Vintage Digital is Having a Moment

Legacy digital M bodies are movin and groovin. The M9 and M240 have both gained over 23% in value in recent weeks. This surge suggests that collectors and users are recognizing these cameras' unique character and build quality.

2. The Mid-Week Premium

Timing your purchases and sales can significantly impact final prices. Our analysis reveals Tuesday and Wednesday sales average $5,225 compared to weekend sales at $3,776. This pattern suggests serious collectors and professionals are more active mid-week, driving up competition and final prices. Sellers looking to maximize returns should consider Tuesday/Wednesday listings, while budget-conscious buyers may find better deals on weekends.

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.

Go get your bid on!

Your friends behind the lens,

Summimarket