The Leotax NR III is a Japanese 35mm rangefinder camera produced by Showa Kogaku in the post-war era, when Leotax models were built around the Leica screw-mount tradition. It sat in the wider family of Leotax rangefinders aimed at photographers seeking a Japanese-built alternative to contemporary German bodies.

Auction data for the Leotax NR III is extremely thin: a single recorded UK auction hammer result of £3,100 from 2020 is the only reference point, so any sense of what this camera is worth in 2026 must be treated as indicative rather than a true market value. With only one sale on file, the price a clean example sells for today could deviate substantially in either direction depending on condition, completeness and bidder interest at saleroom level.