The Leitz 35-70mm f/3.5 Vario-Elmar-R is a constant-aperture standard zoom in Leica's R bayonet mount, intended for the Leica R-series SLR bodies. Covering wide-to-short-telephoto from 35mm to 70mm at a fixed f/3.5 maximum aperture, it was designed as a versatile general-purpose zoom for reportage and travel use on the R system.

At UK auction in recent sales, hammer prices for the 35-70mm f/3.5 Vario-Elmar-R have sat in a tight band, with examples selling for £150 to £162 and a median value around £156. These are saleroom hammer results — wholesale levels rather than dealer retail — so as of 2026 a clean, working copy is worth roughly that range at auction, while dealer retail asking prices typically sit higher.