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Leica M2-R

The Leitz M2-R is a late-production variant of the M2 35mm rangefinder, fitted with the quick-load take-up spool later used on the M4. Produced in small numbers at the end of the M2 run around 1969–1970, it retained the meterless M2 body and its 35/50/90mm bright-line finder while offering faster film loading.

At recent UK auction, hammer prices for the M2-R have ranged from around £650 for a tired example up to £3,200 for a clean, well-documented body, with a median of roughly £2,000. The most recent results in 2019 and 2020 sold for £2,000 and £2,800, suggesting that in today's market a presentable M2-R is typically worth £2,000–£2,800 at saleroom level, with condition, originality and the presence of the correct rapid-load spool being the main drivers of value.

Variants

Select a variant to filter the sales history below.

Variant Years Edition Sales Price Range
black finish — — 1 £1,286 – £1,286
chrome — — 0 —
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Sales History

Prices shown are realised prices — auction results and completed eBay sales, never asking prices. Most saleroom figures are hammer prices, before commission; some houses publish a premium-inclusive figure, and we do not adjust for condition. Dealer and retail asking prices are typically higher. How this figure is calculated.

Prices updated: June 2026

Date Price Value GBP Source Variant
Jun 2026 USD 1,899 £1,424 🇺🇸 eBay —
May 2026 USD 2,050 £1,520 🇺🇸 eBay —
Nov 2025 EUR 6,000 £5,280 🇦🇹 Leitz Auction —
Nov 2025 £2,125 £1,700 🇬🇧 Flints Auctions —
Nov 2024 EUR 2,400 £2,001 🇦🇹 Leitz Auction —
Jan 2024 USD 2,400 £1,890 🇺🇸 pedia_sales_tamarkin —
Jan 2023 USD 2,500 £2,048 🇺🇸 pedia_sales_tamarkin —
Nov 2022 EUR 2,400 £2,085 🇦🇹 Leitz Auction —
Nov 2022 USD 3,100 £2,641 🇺🇸 pedia_sales_tamarkin —
Nov 2021 USD 3,200 £2,377 🇺🇸 pedia_sales_tamarkin —
Nov 2021 USD 2,800 £2,080 🇺🇸 pedia_sales_tamarkin —
Nov 2020 EUR 2,000 £1,792 🇦🇹 Leitz Auction —
Nov 2020 EUR 2,200 £1,971 🇦🇹 Leitz Auction —
Nov 2020 USD 2,800 £2,119 🇺🇸 pedia_sales_tamarkin —
Nov 2020 USD 1,900 £1,438 🇺🇸 pedia_sales_tamarkin —
Nov 2020 USD 2,200 £1,665 🇺🇸 pedia_sales_tamarkin —
Jun 2020 EUR 2,800 £2,517 🇦🇹 Leitz Auction —
Nov 2019 EUR 3,400 £2,916 🇦🇹 Leitz Auction —
Nov 2019 EUR 2,000 £1,715 🇦🇹 Leitz Auction —
Jun 2019 EUR 2,000 £1,782 🇦🇹 Leitz Auction —
Nov 2017 USD 1,700 £1,286 🇺🇸 pedia_sales_tamarkin black finish
Jun 2017 EUR 2,800 £2,456 🇦🇹 Leitz Auction —
Nov 2016 EUR 1,900 £1,651 🇦🇹 Leitz Auction —
Nov 2013 HKD 14,000 £1,121 🇭🇰 Bonhams —
Nov 2011 EUR 1,100 £943 🇦🇹 Leitz Auction —
Nov 2008 EUR 1,200 £997 🇦🇹 Leitz Auction —
Nov 2008 EUR 650 £540 🇦🇹 Leitz Auction —
Nov 2005 EUR 3,200 £2,174 🇦🇹 Leitz Auction —
May 2005 EUR 1,200 £821 🇦🇹 Leitz Auction —
Nov 2004 EUR 1,458 £1,019 🇦🇹 Leitz Auction —
May 2004 £836 £700 🇬🇧 Christie's —
Jun 2003 £1,645 £1,400 🇬🇧 Christie's —
Apr 2003 £998 £849 🇬🇧 Christie's —
Jul 1999 £3,680 £3,200 🇬🇧 Christie's —
Jun 1999 £2,070 £1,800 🇬🇧 Christie's —
Nov 1998 £1,265 £1,100 🇬🇧 Christie's —
May 1998 £1,150 £1,000 🇬🇧 Christie's —
Jan 1998 £1,610 £1,400 🇬🇧 Christie's —
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Frequently asked questions

What is a Leitz M2-R worth today?

UK auction hammer prices over the last few years sit in the £2,000–£2,800 range for clean, working bodies, with a long-term median close to £2,000.

How much does a Leica M2-R sell for at auction?

Recorded hammer results range from about £650 for a rough example up to £3,200 for an exceptional one, so the price a given M2-R sells for depends heavily on cosmetic condition and whether the original rapid-load spool is present.

Is the M2-R more valuable than a standard M2?

Yes — because only a small number were built at the tail end of M2 production, a verified M2-R typically commands a premium over an equivalent-condition standard M2.

What makes the M2-R different from the regular M2?

The M2-R is mechanically an M2 but fitted with the quick-load take-up spool later adopted on the M4, which is the feature the 'R' denotes.

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