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Leitz 135mm f/4.5 Elmar LTM

The Leitz 135mm f/4.5 Elmar LTM is a telephoto prime in Leica 39mm screw mount, intended for rangefinder users wanting extra reach for portraits, architecture and distant subjects. The LTM designation places it in the screw-mount family used with the Leica III series and, via a screw-to-M adapter, with later M-series bodies.

At recent UK auction, hammer prices for standard user-grade copies have generally sat between £50 and £70, with a median close to £69 — wholesale saleroom levels rather than dealer retail. One example sold for £700 at a specialist Leitz auction in late 2023, an outlier likely tied to an early or exceptional-condition variant rather than the value an average copy commands today in 2026.

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Sales History

Prices shown are UK auction hammer results — the wholesale level achieved in the saleroom. Neither buyer’s nor seller’s commission is included. Dealer and retail asking prices are typically higher.

Date Price Source
Oct 2024 £50 Flints Auctions
Oct 2024 £70 Harper Field Auctions
Jun 2024 £50 Flints Auctions
Jun 2024 £69 Flints Auctions
Apr 2024 £60 Special Auction Services
Jan 2024 £100 Flints Auctions
Nov 2023 EUR 700 Leitz Auction
May 2022 £56 Flints Auctions
Nov -0001 £81 Flints Auctions

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