Collector makes $450,000 profit on rare camera and lenses

Leica IIIg
(Image credit: Leitz Photographica Auction)

A remarkably shrewd collector has made $450,000 by selling a rare Leica film camera and lenses that he bought two years ago for just $24,000.

It goes without saying that Leica cameras cost a pretty penny, but even so eyebrows were raised when an elusive vintage Leica IIIg black paint body and two lenses sold in 2019 for £17,500 (approximately $24,000 / AU$33,140). Those same eyebrows were then blown clean off the tops of their owners' heads, when that very same kit sold this past June for an astonishing €408,000 ($479,000 / £349,130 / AU$660,980).

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James Artaius

The editor of Digital Camera World, James has 21 years experience as a journalist and started working in the photographic industry in 2014 (as an assistant to Damian McGillicuddy, who succeeded David Bailey as Principal Photographer for Olympus). In this time he shot for clients like Aston Martin Racing, Elinchrom and L'Oréal, in addition to shooting campaigns and product testing for Olympus, and providing training for professionals. This has led him to being a go-to expert for camera and lens reviews, photo and lighting tutorials, as well as industry news, rumors and analysis for publications like Digital Camera MagazinePhotoPlus: The Canon MagazineN-Photo: The Nikon MagazineDigital Photographer and Professional Imagemaker, as well as hosting workshops and talks at The Photography Show. He also serves as a judge for the Red Bull Illume Photo Contest. An Olympus and Canon shooter, he has a wealth of knowledge on cameras of all makes – and a fondness for vintage lenses and instant cameras.