The Leitz 28mm f/2.8 Elmarit-M ASPH is a wide-angle prime lens in Leica M bayonet rangefinder mount, featuring an aspherical optical design introduced to modernise the long-running Elmarit-M line. It is aimed at reportage, street and landscape work on M-series bodies, pairing a compact barrel with the classic f/2.8 maximum aperture that has defined the Elmarit name.

At recent UK auction, clean examples of the 28mm Elmarit-M ASPH have sold for between £900 and £2,000 at the hammer, with a median price around £1,100 based on the sales recorded here — these are wholesale saleroom results rather than dealer retail. The top result of £2,000 in late 2021 reflected the post-pandemic peak for Leica glass; by 2024 the going rate had eased, with one copy selling for £1,100 and another earlier result at £900. As of 2026, condition, boxed completeness and clean glass remain the main drivers of what this lens is worth in the auction market.