German brand, Leica, have been making cameras of an extremely high quality for over 100 years. Oskar Barnack produced the very first ‘Leitz’ camera in 1914 and gave birth to the art form of 35mm photography. Each camera is hand assembled in small batches by skilled craftsmen and women using high-quality materials to create a product built to last the test of time.  The cameras are robust and are painstakingly built to ensure that no dirt or moisture can get into the camera.  This makes them hugely reliable and long-lasting.

They are also mechanical cameras, with mechanical rangefinders, which can appeal to photographers who appreciate the art of manual photography.  The precise engineering that goes into manufacturing these mechanical elements often translates to a higher price point. Not only the cameras themselves, but also the Leica lenses can be a worthwhile investment.  Leica lenses are small but allow a lot of light in, delivering the signature ‘Leica look’ that is so sought-after and cannot be easily replicated by other cameras. These lenses are versatile and can be used on a wide range of non-Leica cameras using a simple adaptor.

Many Leica cameras are valuable because they are viewed as collectors’ items.  This is due not only to the quality of their manufacture, but also their cultural and historical significance.  Many famous images were shot on Leica cameras, including the unforgettable shot of the sailor and the nurse’s Times Square kiss on VJ day and the shot entitled ‘Champ’ by Thomas Hoepker of Muhammad Ali where his right fist appears to nearly strike the photographer.  Leica cameras have been used by many famous photographers throughout the 20th and 21stcenturies, including Henry Cartier-Bresson who is known as the ‘father of photojournalism’. Such cultural acclaim adds to their allure and price.

Given that Leica are such a reputable brand that still craft their cameras by hand, buying a brand-new Leica model is not a cheap purchase, with their newest models retailing for around £7500. Generally speaking, new Leica models will not hold their value as well as older models because they are more readily available to buy new and there is less of a demand driving up the price.

However, pre-loved Leica cameras hold their value very well (in some cases increasing in value) especially in recent years with the resurgence of film photography creating a huge demand for cameras of this type.  Buying a used, vintage Leica can be a safer investment as these cameras are no longer in production but demand for them continues to rise. In terms of price, the cheapest used Leica models are usually the Leica R series. On the other end of the scale, a Leica O-Series from 1923 was sold at auction in June 2022 for €12 million, making it the most expensive camera ever sold!  

When buying a vintage camera, it is important to check that it is still in good working condition.  Remember that Leica cameras are painstakingly hand-built to last, therefore there is a good chance that they will still be in great condition.  Additionally, you should look out for cameras which come with their original cases and accessories, as well as certifications of authenticity or other documents which prove that the camera is the real deal.

Here at Sheffield Auction Gallery, we are delighted to Bring to auction a 1958 Leica M2 Rangefinder camera in our next Fine Art sale to be held on 28th March which carries a pre-sale estimate of £500-800. So, if you are interested in vintage cameras, we are always here to answer any questions you may have.