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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.

Based on 40 recorded sales.

Last checked on eBay: 16 August 2026. Most recent sale: 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 2014 HKD 13,000 £1,063 🇭🇰 Bonhams —
Dec 2013 USD 2,200 £1,343 🇺🇸 pedia_sales_tamarkin —
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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