The Last M3: From £27k to £446k in 18 months. Bargain.
In September 2016 we reported on the successful auction of the late Robert White's various collections, from motorbikes to cameras to rate watches to Lalique glass. Robert ran a successful photographic wholesaling business in Poole, Dorset. The company is now trading as Flaghead UK and importing, among many other brands, Voigtländer lenses.
One neglected item, a humble M3 in good condition and boxed, turned into something of a star. Someone had noticed that the number om the camera meant it was the last M3 listed as having been made. A bidding war took place between to eager beavers who had worked out the facts and, eventually, the camera sold to a Canadian for £27,500.
Fast forward 18 months and the same camera has popped up on eBay, keen to find a new owner. The surprise is the asking price — a cool £446,000. Whether or not it has changed hands in the interim I have no idea.
I don't know what to make of this. It has certainly caused a stir in the Leica fraternity. My gut feeling is that eBay is the last place to try to sell this camera, especially at such an inflated price. Remember the recent Amelia Earhart episode? It belongs back in an auction house. I Know M3 prices are rising steadily, but this is pretty ridiculous, I feel. I've added it to my watchlist and will see what happens. I won't be pressing the Buy It Now button, however, because I don't have enough in my PayPal account.
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