The Zeiss Ikon Icarex 35 S TM is a 35mm SLR camera using the M42 screw lens mount, as denoted by the TM (Thread Mount) designation in its name. It sat in the upper end of the Icarex line introduced in the late 1960s, positioned as a more advanced model with through-the-lens metering.

With only a single recorded UK auction hammer result in the dataset — £320 in 2009 — the Icarex 35 S TM does not appear frequently enough at saleroom level to establish a reliable price band today. That sole result suggests collectors have been willing to pay meaningful sums for a clean working example, but a buyer asking what one sells for in 2026 should treat this figure as indicative rather than a firm market value.