Market Digest: June 27, 2025
Market trends and Leica sales from the past two weeks
Market trends and Leica sales from the past two weeks
The Leica market is buzzing! Since launching our database, we've tracked over 1,500 Leica transactions across popular reseller platforms. The past two weeks delivered another 115 sales totaling nearly half a million dollars ($469,809).
Whether you're hunting for your next acquisition or considering listing your Leica that's been collecting dust, it's a great time to tap into this vibrant market. List your Leica gear completely free at Summimarket.com. No fees, no hassle, just a curated community of serious photographers and collectors.
Let's dive into what's happening on the market and, more importantly, what it means for you.
Q Series
The Q series once again dominated recent sales with 46 transactions, representing 40% of all activity.
- Price range: $4,295-6,750
- Sweet spot: $5,236 (recent average showing 5.9% softening from historical highs)
- Market showing signs of stabilization after initial launch premium
- Standard models: $2,600-4,392
- Average transaction: $3,282
- Condition and accessories significantly impact final values
- Current range: $3,200-4,200
- Recent average: $3,734 (down 7.3% from historical average)
- Represents excellent value for monochrome enthusiasts
- Trading range: $1,975-2,977
- Recent uptick: +12.5% from historical average
- Strong value proposition as entry point to Q ecosystem
Digital M Series
- Standard M11: $5,900-10,399 (averaging $7,527, up 12.9%)
- M11-P: $6,350-7,999 (averaging $7,362)
- Limited editions commanding significant premiums (Milan Italy edition reached $10,399)
- M10R: $3,999-5,700 (down 21.8% - excellent buying opportunity)
- M10: $3,999-4,872 (up 5.6% but limited volume)
- M10 Monochrom: $4,900-5,600 (stable pricing)
- M9: $1,750-9,999 (massive 81.5% appreciation with wide condition-based range)
- M8: $1,928-2,746 (up 6.4%, finding renewed collector interest)
Film M Series
- M6: $2,100-2,800 (down 18.7% from recent highs)
- M6 Reissue: $3,950-4,675 (holding premium over original M6)
Classic Bodies:
- M3: $1,542-1,600 (modest 5.6% increase, excluding condition outliers)
- MP: $3,950-4,900 (up 7.8%, maintaining premium status)
- MA (Typ 127): $1,862-3,500 (down 30.5%, potential value play)
Hidden Market Trends
1. The Digital M Renaissance
While film cameras grab headlines, digital M bodies are quietly appreciating. The M11 is up 12.9% from historical averages, and even the maligned M9 has surged an astounding 81.5%. This suggests collectors are recognizing the historical significance of early digital Leica cameras, particularly as film prices remain elevated.
2. Q3 Market Maturation Signal
The Q3's 5.9% price softening from historical peaks, combined with its position as the highest-volume seller (20 transactions), indicates the market is finding equilibrium. After removing condition outliers, the realistic trading range of $4,295-6,750 demonstrates that packaging and accessories still significantly impact final values, but the extreme variations are settling into more predictable patterns.
Three cameras to peruse:
Leica M9
The M9 is experiencing unprecedented appreciation, up 81.5% from historical averages with recent sales averaging $4,950. As Leica's first full-frame digital rangefinder, the M9 is gaining recognition as a pivotal camera in Leica's digital evolution. While CCD sensor issues remain a concern, clean examples are commanding premium prices from collectors who view this as a significant historical piece.
Listed on Fred Miranda for $2,725
Leica M10R
Down 21.8% from historical averages, the M10R represents one of the best buying opportunities in the current market—recent sales average $4,790 for a camera that delivers exceptional image quality with its 40MP sensor. As the M11 commands premium pricing, the M10R offers 90% of the performance at a significant discount - an excellent value for photographers prioritizing image quality.
Leica Q3
With 20 transactions, making it the most actively traded model, the Q3 shows market maturation with recent averages of $5,236. The refined price range of $4,295-6,750 (after removing condition outliers) creates opportunities for savvy buyers who understand how original packaging and accessories affect value. This stabilization suggests the Q3 has found its natural market level after initial launch premiums.
Listed on Fred Miranda for $6,000
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.
See you soon!
Your friends behind the lens,
Summimarket
