One Millionth M3 Chrome Leica camera makes $948,000 in Austria



2015-06-26 13:32:21

One Millionth M3 Chrome Leica camera makes $948,000 in Austria

The One Millionth M3 Chrome Leica surpassed its estimate by 41% on November 23

The One Millionth Leica M3 Chrome made $947,800 at Westerlicht Photographica Auction in Vienna, Austria on November 23.

The camera was estimated to sell for up to $672,100, a figure that it went on to exceed by 41%.

Leica M3 WesterLicht photographica The Leica M3entered production in 1954

Designer Willi Stein presented the camera, which features the serial number 1.000.000, to the project's chief engineer Dr Ludwig Leitz.

Both men were responsible for many of the innovations that led to the M3 becoming one of the world's most successful production cameras - selling over 220,000 units between 1954 and 1967.

Even today, it is regarded as one of the best 35mm cameras ever produced.

A Leica Model C Luxus was another notable lot at the sale, hammering for $568,680 - up 111.5% against a $268,840 high estimate.

Leica model C Luxus The Luxus was shipped to Berlin on March 13, 1930

The camera features gold-plated parts and a faux lizard leather cover that has never been restored - with the result that it retains its original patina.

Only 95 Luxuscameras were produced between 1929 and 1931, with few surviving to the present day - making it one of the world's most desirable.

In recent years they have seen a significant rise in value, with aLuxus Iachieving a price of $962,518 at an auction at Bonhams Hong Kong last year - an increase of 314.4% on a $232,247 estimate.

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