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Curator

Market Tracker

Used Market Trader Index

After trading, selling and buying several Leica equipment through various methods (eBay, forums, Facebook, etc), my Corporate Finance background compelled me to put together a price history trend for used Leica camera bodies based on the averages of the sold prices I’ve seen through various outlets.

These used market prices are subject to change on a monthly basis and obviously affected by the recent price increases from the tariffs for German photography goods.

(Prices excluded Limited or Collectors Edition Models)

Screen Shot 2020-02-18 at 9.56.08 AM

Source: Fred-Miranda, eBay and Facebook Classifieds

I would refer to the chart above as a reference point for potential buyers.

Market Analysis (as of January 2020)

Digital Leica M Bodies

  • Leica M9 prices are holding strong, averaging between $2200 – $2500 for an excellent condition with a new CCD sensor replaced. Do your due diligence and ask the seller if the sensor was replaced! If not, walk away or don’t pay more than $1000 if the body is in excellent condition. It will cost you $1,500 to get it replaced through Leica since the voluntary replacement program was expired.
    • This applies to all models of the M9 (i.e.) M9 Monochrom, M9-P, and all special editions.

 

  • Leica M10 prices are falling drastically where you can now find them for an average price around $4,500 in excellent condition (with boxes and accessories). I’ve recently bought one second hand for $4,000 in excellent condition with minor bright marks on the top place (it’s silver) with boxes and accessories. Anything above $4,500 is not a very good proposition anymore.
    • M10-P and M10-D (used) prices are starting to dip below $6,000 where the lowest I’ve seen go on sale was around $5,700 in excellent condition with complete box and accessories.
    • M10 Monochrom (used) prices are the same as brand new prices due to the fact that it’s very difficult to find one right now.

 

  • Leica M (Typ 240) is easily the best bargain right now for those looking for a modern digital Leica M Rangefinder as it sits neatly between M9 and the M10. Prices vary between $2,500 – $3,000 for excellent examples (full box and accessories). This is the perfect budget Leica digital rangefinder without the faults or drama that comes with the M9.
    • Leica M-P (Typ 240) averages around $3,000 – $3,400 for excellent examples. I purchased mine in August 2019 from a Leica dealer of all places, for a mere $3,200 for a mint condition with all the accessories and boxes!
    • Leica M Monochrom (Typ 246) is still demanding premiums over the M-P for around $4,000 on average, but expect this to come down as dealers are trying to clear their inventory of their still brand-new, but not discontinued Monochroms: Camera West is selling brand new bodies for $4,000
    • Leica M (Typ 262) are excellent cameras, but they’re still a little bit more expensive than the standard M (Typ 240) and I would hold off on those.
    • Leica M-D (Typ 262) are in the same dilemma as the Monochrom (Typ 246). You can expect to see more available this year with prices dropping down to mid to low $3,500 for clean examples.

 

  • Leica M8 – buy only if you fall within the following category
    • You want to take IR photos
    • You are a digital Leica hipster
    • You love the crop factor
    • You have a thing for throwing on IR filters on all your lenses
    • If your budget is under $1,800

Analog Leica M Bodies

  • Analog Film Cameras – no surprises here but prices have stabilized for the Leica M6 to around $2,000 for excellent condition bodies. Mint copies like you would see on JCH (Japan Camera Hunter) will cost you a pretty penny as they’re pretty much brand new.

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