If you think 1.3 million EUR or $1.9 million could buy you probably the most modern and futuristic camera there is, you’re mistaken. It is just about the cost of the most expensive vintage Leica ever sold. Surprised? The rest of the world feels so too.
Westilicht Photographic Auctions in Vienna Austria sold an 88-year old Leica o-serie Nr. 107 released in 1923 to a private Asian collector that went on grueling battle of bidding for 20 minutes. The bid started at 200,000 EUR and has an estimated value of 350,000 – 450,000 EUR. And we thought that the new Hasselblad H4D-200MS was already expensive!
Previous records of the most expensive Leica as a MP2 sold last December 2010 for 402,000 EUR. Now we’re wondering, “Is financial crisis just a fad?”
What’s bothering us though is that the exact same auction house is said to have sold the exact same camera four years ago. Allegedly, the No.107 was reported to be the first Leica exported for a patent application inspection meaning that it is one of the major existing rarities in our generation. In 2007, it has been fetched with a measly value of about 336,000 EUR.
The description goes saying:
This is the 7th camera of the Leica 0-series. Only approximately 25 of these cameras were produced to test the market in 1923, 2 years before the commercial introduction of the Leica A. It is the only camera known with “Germany” engraving on the top plate. The factory record indicates delivery to New York for patent applies. This means that this camera is not only one of the major existing rarities, it is also the first Leica being exported. It is the unique chance to buy the most important collectible Leica camera.
Collectors consider it to be the most important collectible camera made by Leica. Do you agree?