The Alpa Reflex II 'De Luxe' is a Swiss 35mm single-lens reflex camera made by Pignons SA of Ballaigues. Built in small numbers in the late 1940s, it sat at the upper end of the early Alpa Reflex line and was positioned as a precision instrument for advanced amateurs and professionals.

Public UK hammer data for the 'De Luxe' variant is extremely thin: the only recorded saleroom result we hold is £4,000 from December 2010, so a meaningful current price band cannot be drawn today. As of 2026 the model is best treated as a rare collector item whose value at auction depends heavily on completeness, originality and the lens fitted, with individual examples capable of selling for well into four figures when they surface.