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Leitz 50mm f/1.2 Noctilux-M

The Leitz 50mm f/1.2 Noctilux-M is an ultra-fast standard prime in Leica M bayonet mount, introduced in the late 1960s as the company's first aspherical production lens. Designed for available-light rangefinder photography, it was produced only in small numbers before being replaced by the 50mm f/1.0 Noctilux, which has made surviving examples among the most sought-after post-war Leitz lenses.

At UK auction the 50mm f/1.2 Noctilux-M has a hammer range of £2,151 to £12,000 across the recorded sales, with a median around £10,000 — these are saleroom results, excluding commission, rather than dealer retail prices. Clean, complete examples have sold for £10,000–£12,000 in recent years, while earlier or less complete copies have fetched far less; as of 2026 this remains one of the highest-value serial-production Leitz M lenses, and what a given copy sells for is driven heavily by cosmetic condition, glass clarity and the presence of the original hood and caps.

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
Nov 2025 EUR 70,000 Leitz Auction
Nov 2024 EUR 28,000 Leitz Auction
Nov 2023 £23,750 Flints Auctions
Nov 2022 EUR 300,000 Leitz Auction
Jun 2022 EUR 50,000 Leitz Auction
Nov 2021 EUR 12,000 Leitz Auction
Nov 2019 EUR 22,000 Leitz Auction
Nov 2014 EUR 10,000 Leitz Auction
Feb 2005 £2,280 Christie's
Jun 2004 £2,151 Christie's
May 2003 EUR 3,438 Leitz Auction