The Nikkormat FT2 is a 35mm SLR introduced by Nikon in the mid-1970s as part of the Nikkormat line, positioned as a more affordable mechanical body sitting below the professional F-series while sharing the Nikon F mount. It uses a mechanical, metal focal-plane shutter and a built-in through-the-lens meter, aimed at enthusiasts who wanted Nikon optics without the cost of the flagship models.

At recent UK auction, hammer prices for the Nikkormat FT2 have sat in a narrow band of roughly £81–£88, with a median around £81, reflecting wholesale saleroom levels rather than dealer retail. An older 2000 Christie's result of £76 shows how little the model's value has shifted in nominal terms over two decades, and in 2026 clean, working examples still sell for double-digit sums rather than the three-figure prices commanded by pro-spec Nikons of the same era. Condition and a functioning meter are the main swing factors on what a body is worth.