Market Digest: September 5, 2025

Market trends and Leica sales from the past month

Over the past month, we analyzed 393 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 and what it means for your next purchase (or sale).

Q Series

Q3:

• Standard models: $2,500-6,455
• Average hitting $5,115 across 26 sales
• Q3 43mm variant: Premium territory at $6,020 average
• Market note: Early depreciation curve leveling off

Q2:

• Price range: $1,325-5,540
• Sweet spot: $3,277 (average across 46 sales)
• Market's most active model with consistent demand
• Value add: Original packaging and accessories still commanding premiums

Original Q:

• Range: $1,980-2,826
• Showing 6.5% appreciation over historical average at $2,366

Digital M Series

M11 Series:

• M11: $2,968-7,045 (17 sales averaging $6,026)
• M11-P: Premium territory at $8,130 average
• Buying opportunity: Down 7.5% from historical average

M10:

• Current pricing: $2,851-5,250
• 11 sales averaging $4,029
• Holding steady as the "value" digital M option
• Sweet spot for serious photographers wanting digital M without M11 premium

Film M Series

M6 Family:

• Standard M6: $1,200-6,800 range (39 sales averaging $2,992)
• M6 TTL: Premium at $3,433 average
• Market's second most active model

Classic Bodies:

• M3: $1,030-3,000 (32 sales, avg $1,600)
• M2: $650-5,420 (25 sales, avg $1,791)
• M4: $1,250-3,750 (17 sales, avg $1,954)
• M5: The unloved stepchild at $1,512 average

Hidden Market Trends

1. Q1 Magic

While everyone's obsessing over the latest Q3, the original Q is quietly having a moment. Up 6.5% from historical averages, it's become the entry point for photographers who want the Q experience without the Q3 price tag.

2. Digital M Correction Creates Opportunity

The M11's 7.5% price drop from historical averages suggests the early adopter premium is wearing off. For photographers (as opposed to collectors), this represents excellent value for a camera that's arguably the best digital rangefinder ever made.

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