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

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 M3 entered 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 Luxus cameras 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 a Luxus I achieving a price of $962,518 at an auction at Bonhams Hong Kong last year - an increase of 314.4% on a $232,247 estimate.

You can view our photography range here.

Sign up to our free newsletter for the latest on cameras and other collectibles.

Recent and related articles

Tim Boxer's Polaroid collection to auction for $30,000 through Doyle? | 20 November 2013

One Millionth M3 Chrome Leica camera to auction with $672,000 estimate | 13 November 2013

Leica Luxus II could become the most valuable camera ever sold | 28 October 2013

Your collecting

View our stock items for sale  |  Portfolios for sale

Guides and analysis

Investing in Art and Photography  |  10 reasons to invest in collectibles  |  Which asset is right for you?

Images: Westerlicht Photographica Auction

Featured products

Elvis Presley Authentic Strand of Hair
Elvis Presley Authentic Strand of Hair
Sale price£399
In stock
Fidel Castro signed certificateFidel Castro Signed Certificate
Fidel Castro signed certificate
Sale price£2,995
In stock
King Henry VIII Autographed DocumentKing Henry VIII Autographed Document
King Henry VIII Autographed Document
Sale price£55,000
In stock