Leitz Auktion No.44

[UliWer]

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Looking at the results of the recent auction it seems as if the times of ever rising prices for photographic gear were gone. The  last auctions also showed this though now I got the impression that the reverse trend is well confirmed. Of course the auctioneer will be content at the result for Lot 108, as well as I am content that my bid won the cheapest lot😀.

Even most of the „black paint“, „steel rim“ etc. items were way below the estimates or remained unsold; that‘s also true for non-Leica items. I found only very few exceptions with astonishing high results, e.g. Lots 2, 46, 65. 

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[zeitz]

There were two major auctions this week, Ostlicht and Leitz.  My general, unscientific observation is that European items did better than Japanese items.  At the Ostlicht Auction I won a Japanese lot 43% below the bottom of the estimated sale price (wildly high); at the Leitz Auction I won a European lot 60% above the top of the estimated sale price.  In both cases there was only one other bidder.  The reason these items go to auction is that there is no normal market, based on supply and demand, to set a price.

Two items that caught my attention at Leitz.  One of those Sabre gunstocks (Lot 193) that is misrepresented as something special in the Leica world sold well below its estimated range.  A lens manufactured by Tewe was misrepresented as an Astro Berlin lens (Lot 289).

[willeica]

7 hours ago, UliWer said:

Looking at the results of the recent auction it seems as if the times of ever rising prices for photographic gear were gone. The  last auctions also showed this though now I got the impression that the reverse trend is well confirmed. Of course the auctioneer will be content at the result for Lot 108, as well as I am content that my bid won the cheapest lot😀.

Even most of the „black paint“, „steel rim“ etc. items were way below the estimates or remained unsold; that‘s also true for non-Leica items. I found only very few exceptions with astonishing high results, e.g. Lots 2, 46, 65. 

I agree with some of what you say. The 'black paint' thing is based on a 'sentiment' rather than any intrinsic value and sentiments can change very quickly. There was definitely a stepping down of market value today, but we have seen this before.

4 hours ago, zeitz said:

There were two major auctions this week, Ostlicht and Leitz.  My general, unscientific observation is that European items did better than Japanese items.  At the Ostlicht Auction I won a Japanese lot 43% below the bottom of the estimated sale price (wildly high); at the Leitz Auction I won a European lot 60% above the top of the estimated sale price.  In both cases there was only one other bidder.  The reason these items go to auction is that there is no normal market, based on supply and demand, to set a price.

Two items that caught my attention at Leitz.  One of those Sabre gunstocks (Lot 193) that is misrepresented as something special in the Leica world sold well below its estimated range.  A lens manufactured by Tewe was misrepresented as an Astro Berlin lens (Lot 289).

I bought something at Ostlicht last year for considerably less than the estimate. I was about to travel and put in a low bid just for 'interests' sake and when I got home I found that I had won the item. Last Wednesday I was flying to Berlin and I could not pay the Ostlicht auction much attention. I did, however, note that it had quite a good range of exotic stuff for both Leica and 'non Leica' items. These had all the look of a private collection or a series of private collections. The Leitz Auction today was a mixture of that type of item and more ordinary (or should I say cheaper) stuff. At Leitz today I picked the two items I wanted, one within estimate and the other somewhat below estimate .

Auctions are generally a good way of obtaining less common items and, as regards prices, they generally follow market trends and cycles. We have seen these before and I suspect we will see those variations again. 

William 

[dubois pierre]

Leitz Photographica Auction N°44 Leica Luxus.
Leitz Photographica Auction presented for sale a beautiful example, No. 48438 delivered on 02/18/1931 and appraised by Ottmar Michaely with a starting price of 160,000 euros. The Leica Ia Luxus was associated with a pair of Leitz Luxus binoculars (Code Bilustra). The final hammer result was 288,000 euros ($311,560) including fees.
We note a stagnation in the result compared to that of 2019 which was $302,500 including costs.

https://www.leitz-auction.com/en/Leica-I-Mod.-A-Luxus-outfit/A00551

https://sites.google.com/d/136TpK3rJV5nyxhN5Wq3aWs8cuRLiNLi2/p/1TpJb6ufmuLEpLjGG8IoKA4XTgyyngx6g/edit?pli=1

[Leicapasion]

If someone has one of the 95 Leica "Luxus" but does not have a matching Leitz 3x20. I can help you.😂

2 hours ago, dubois pierre said:

Subasta Leitz Photographica N°44 Leica Luxus .
Leitz Photographica Auction presentó a la venta un precioso ejemplar, nº 48438 entregado el 18/02/1931 y tasado por Ottmar Michaely con un precio inicial de 160.000 euros. La Leica Ia Luxus se asoció con un par de binoculares Leitz Luxus (Code Bilustra). El resultado final fue de 288.000 euros (311.560 dólares), honorarios incluidos.
Observamos un estancamiento en el resultado respecto al de 2019 que fue de $ 302.500 incluyendo costos.

https://www.leitz-auction.com/es/Leica-I-Mod.-A-Luxus-outfit/A00551

https://sites.google.com/d/136TpK3rJV5nyxhN5Wq3aWs8cuRLiNLi2/p/1TpJb6ufmuLEpLjGG8IoKA4XTgyyngx6g/edit?pli=1

 

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[dubois pierre]

23 minutes ago, Leicapasion said:

If anyone owns one of the 95 Leica "Luxus" but doesn't have a matching Leitz 3x20. I can help you.😂

Thanks Leicapassion I hope you also have the case for this binocular. For the Luxus I counted 97 cameras and not 95. It is true that this figure always fluctuated a few years ago up and down but barring any error or omission, 97 would be the correct number. But the history of Leitz and its exact productions still leaves some uncertainty.

[Leicapasion]

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20 minutes ago, dubois pierre said:

Gracias Leicapassion. Espero que también tengas el estuche para este binocular. Para el Luxus conté 97 cámaras y no 95. Es cierto que esta cifra siempre oscilaba hace unos años hacia arriba y hacia abajo pero salvo error u omisión, 97 sería el número correcto. Pero la historia de Leitz y sus producciones exactas aún deja cierta incertidumbre.

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