Leica LTM I know prices are up, but, really?

[wjlapier]

If I'm going to collect anything, it's gold. It's worth the same if it's "minty" or not.

Exactly! My $300 1oz gold panda is worth close to $2000, and it's not mint as it was when I bought it.

 

[Simon Bruxelles]

Roger, I know, I just need more pocket money to buy toys with.

 

[Luddite Frank]

What's up with the button on the focusing tab?

Looks like a pop-rivet...



So, I wonder what my 1932 Leica II s/n 77xxx with 11 o'clock Elmar is "worth", by their reckoning...

 

[Simon Bruxelles]

Brian, Your $15 Leica II was a bargain indeed and I would be happy to double your money by giving you exactly twice what you paid for it. Okay, twist my arm then, three times.

 

[Simon Bruxelles]

And talking of silly prices here's a perfectly ordinary though well preserved post-war 5cm Elmar for which the seller hopes to get $2,600. Yep, that's 26 times more than I paid for my last mint Elmar. http://www.ebay.co.uk/itm/1952-M39-Leica-Elmar-5cm-f-3-5-looks-ABSOLUTLEY-NEW-Leitz-CASE-CAPS-/110748861503?pt=Camera_Lenses&hash=item19c925843f#ht_573wt_1396

 

[Simon Bruxelles]

I have an identical case for my IIIf RDST but I had no idea it was worth $1,600!

http://www.ebay.co.uk/itm/Benser-Leitz-Leica-case-GREAT-CONDITION-/110749629092?pt=US_Camera_Cases_Bags&hash=item19c9313aa4#ht_510wt_1396

 

[HuubL]

Not too bad an asking price, I think. Starting price is US$ 500, only 370 euro, and there are no bids yet.

I have an identical case for my IIIf RDST but I had no idea it was worth $1,600!

http://www.ebay.co.uk/itm/Benser-Leitz-Leica-case-GREAT-CONDITION-/110749629092?pt=US_Camera_Cases_Bags&hash=item19c9313aa4#ht_510wt_1396

 

[Simon Bruxelles]

I don't know whether to laugh or cry:

http://www.ebay.co.uk/itm/RARE-LEICA-D-MODEL-II-MUSEUM-QUALITY-BLACK-NICKEL-50-3-5-11-OCLOCK-ELMAR-/250909732818?pt=Film_Cameras&hash=item3a6b62afd2#ht_1483wt_1398

 

[bobkonos]

Pleae do not forget the golden rule: an item is only worth what someone is willing to pay for it. Just because a dealer or private seller asks a price does not mean it will sell at that price. Even us "crazy collectors" know that.

 

[Vics]

People, you have to understand something about Selling 101. It has nothing to do with the item, they could be trading ****, it's all about what someone is willing to pay for ANYTHING, it's about exchanging money. It's not that the leica is worth this and that much, it's what people are willing to pay for whatever item, and thus create a economic level of money for any given item.

Why do you think people pay millions for paintings? Because they give a rats-ass or they know ANYTHING about paintings? No, most of them are absolute idiots with money, they INVEST in SOMETHING/ANYTHING that people are willing to see as "this thing has A value" and sit on it, and resell for profit in 10 years time. It's that easy.

Same thing with this.

You put it at a high costs, see if someone grabs it, thus this item now sort of has this price, or the range of it, and thus you create an artificial, synthetic VALUE of an item (could be any item).

But I've heard on TV that rich people invest their money in things that create jobs. That's why we should keep their taxes low.
Not true?