This Leica M Edition 100 null series set can be yours for $74,500

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Here is something you don't see every day - Leica M edition 100 null series set. Leica Store Miami currently has this one out of 25 pre-production M 100 years sets that were produced before the official run of 101 limited edition cameras started. Can be your for $74,500. Here are the details:

This Leica M Set Edition "Leica 100" – Null Series is rarer than rare – part of an “unofficial” 25 pre-production cameras manufactured in addition to the “officially” released 101 sets. It represents a unique opportunity for collectors, investors and Leica enthusiasts alike to own one of Leica’s most celebrated special edition sets of the modern era. This was also the first special edition set to introduce a new lens: the Leica Summilux-M 28mm f/1.4 ASPH which is currently one of Leica’s most desirable optics. Beautiful to behold with its solid stainless steel construction and unique design, the Leica M Set Edition “Leica 100” is sure to be remembered as one of Leica’s iconic editions.

This set has never been used. The lenses have never been mounted to a body. For sale on consignment, we are able consider reasonable offers. Please note that as a pre-production set, small manufacturing variances are possible when compared to the 101 production sets.

Originally, 101 sets were made, with edition numbers from 1914-2014. However, an additional 25 “Null Series” sets were produced but not made available to the general public. These sets were given a number out of 25. This set for sale is number 24 of 25. The edition number appears on both camera bodies and each lens.

Additional pictures:

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  • JLMILES

    Gorgeous set! I probably would have preferred a 75 Lux instead of the 35 with the inclusion of the 28mm. Then again how many people are shooting wit these anyway. Has anyone seen a true special edition out in the wild?

  • Alfred Corrodi

    As the owner of set 1927 believing that 101 means 101 I simply call this fraud.
    Never again Leica. Last straw.

    • P. Léger

      Pretty much every limited edition set has a smaller corresponding prototype set not available to the public, it’s nothing new. These 25 prototypes were given mostly to employees of Leica.

      • Alfred Corrodi

        Sure, a handful normally, but 25, meticulously numbered, packaged and all that? Prototypes?
        Really?
        As Goethe said in Faustus: Die Botschaft hör ich wohl, allein mir fehlt der Glaube.

        • P. Léger

          Yes indeed, all modern prototypes/null series are numbered the same way for every set. 25 prototypes doesn’t seem abnormal considering this release included a brand new lens for Leica. Many of these prototypes would have been sent out with multiple different photographers to test out the new 28mm Summilux.

          • Alfred Corrodi

            No offence to you, you seem to be in the loop, but I really don’t care what Leica calls this, and how you justify it, fact remains that there are 126 kits, 1 as a null series, 100 regular ones and 25 special ones.
            That is 25% more than announced. I would bet that the buyers of the “original” cases knew little of the 25 extra.
            Really makes us all trust Leica, doesn’t it?
            Yes, there usually are a few prototypes which actually deserve their name. This doesn’t. This puts a whole new spin on milking the market.

          • P. Léger

            Leica isn’t milking the market with prototypes. They are given out to employees and possibly testers. If those people choose to sell them at a later date that is their prerogative but Leica is making no profit on them.

          • Alfred Corrodi

            Keep digging …
            A few odds and ends, some bodies, maybe, 25 fully boxed. Testing what? The feel of the leather? The optics (of 2 standard lenses) … The sensor of the existing Mono?
            Gifts to employees, maybe, nice 1.25 to 1.75 million dollars giveaway, don’t you think?

            At least the buyers of the “original” series should have been aware.

            It is a disgrace. Period

          • Maybe Leica should require from those people to sign an agreement that they will never sell them and not piss people who paid full price. I am still curious who were those lucky 25 individuals that got a present from Leica worth over $50k. Shouldn’t test units go back to the factory, or at least go to auction? When we tested the Q, we had it for 4 days and had to overnight it back. Leica did indeed loose money on those 25 pieces by not auctioning them at Westlicht.

          • Alfred Corrodi

            Agree. I think this should trigger some commotion within the collectors community. How much more of that stuff is out there? 1200 M60? 700 M9T? Guess what, I have them all, not holding my breath.

          • JLMILES

            Being one of Leicas upper echelon customers I would think you could contact Leica yourself and try to get an answer, no? Or at the very least have the dealer who handles your purchases contact them for you.

          • Alfred Corrodi

            Well, that is what I did. Zurich officially didn’t know or something like that, Vienna has one null series themselves on the back shelves.
            With only a couple of hundred grand in Leica equipment I don’t think I qualify for upper echelon … It is an inflationary world after all, no matter what the ECB and the FED say.
            Lol

          • P. Léger

            Well Leica Rumors, personally I think you and Alfred are both thinking about this the wrong way. First of all, as a collector you should know that everything Leica makes is going to have a prototype, and those prototypes are always rarer and more expensive than the production models. Why? Because you can’t pre-order them at your favorite camera shop. Does the fact that a prototype of your favorite set exists makes that set less valuable? No. Your Leica Edition 100 set will grow in value regardless, because it’s awesome, expensive, and has several Leica “firsts”. This also explains the need for several prototypes to be made. Let me see if I can break this down for you a little better, and keep in mind I’m not claiming to be an expert but I do think there are several factors you aren’t thinking about in regards to this set and prototypes:

            1. First set in stainless steel.
            2. First set with a 28mm summilux
            3. First set with a M-A

            If you were Leica and you knew your customer base (especially those who would spend 55k+) would expect absolute perfection from your products, how many prototypes would you make to ensure you got it all perfect in your production models? You should be *happy* Leica made so many prototypes. Who knows how difficult it was to make a camera body out of stainless steel, or construct the 28mm Summilux, or get the totally mechanical M-A just right. I sure don’t know, but I am glad Leica took the time to make sure it was perfect.

            As for these prototypes existing somehow devaluing your production model – let me say this, just because a prototype is more expensive than a production model doesn’t mean it’s negatively affecting the value of your production model. This is true of everything Leica makes and they have always done it this way.

            As far as Leica giving these prototypes to employees is concerned, why shouldn’t they? If Leica makes prototypes and wants to reward their employees by giving them away rather than destroying them or selling them on the market, why shouldn’t they? I’m sorry Leica Rumors, but you don’t deserve a copy because you wrote a review. Did you figure out how to make a camera out of stainless steel? Were you on the team that created the 28mm Summilux? I have no problem with Leica rewarding their brilliant employees by letting them keep the prototypes they helped create. If those employees later decide they would like to sell that copy to a friend, or for whatever reason, why shouldn’t they be able to? Who knows how all of this works, maybe it’s part of a benefit package.

            Either way, you are getting worked up over nothing. The existence of prototypes in no way devalues production models. They are two totally different things.

          • Yes, this is another way of looking at this, but I was surprised, like many others, that 25 units were produced as a test before producing 100 cameras. We are not talking about 25 bodies or parts of a camera, but complete sets with everything including the box. I was not really complaining that I deserve one, I just described my personal experience, nothing more.

          • P. Léger

            Maybe it was cheaper to do an overall production of 150+, who knows why they did it. The point is it doesn’t devalue the production models and Leica has always made prototypes. I’m still not seeing why this is a big deal.

          • the funny part is that the null series are more expensive than the actual limited edition

          • Alfred Corrodi

            Not funny – “very special”special edition of that number devalue the original special edition a great deal

          • I agree, now everybody knows that the null series is the real collectable item.

          • Alfred Corrodi

            PS: sure it is only 25? The numbers don’t say 024/025 do they?

          • P. Léger

            Yes, it’s only 25 and they are marked as xx/25

          • Alfred Corrodi

            In solid steel?

      • This is also the case with watches and other “luxury” goods, but I am also surprised that they made 25 sets, usually it’s only a few.

    • sperdynamite

      If you’re stupid enough to buy special edition Leica’s you’re stupid enough to be duped by Leica. Ugh give me a break. Go back to the Franklin Mint.

      • Alfred Corrodi

        I guess you are correct in low class way – still no reason to use foul language.
        what is Franklin Mint?

        • JLMILES

          It was a store in NY that sold collectors items. It’s closed now but they still have an online presence.

        • Nostromo

          Don’t confuse class with money

    • Thorsten Overgaard

      The always make prototypes, and some stay in the factory, some stays with testers, employees, friends or so for many reasons. Whom might release them at some point, knowing they will be valuable.

      In this case it is “25 sets” that sets the alarm off, as in “a limited number of 25 pre-production sets (carefully planned for this purpose)”.

      I wonder if the stated 25 means they are “releasing” 25 sets or it’s a more or less accurate information about the actual number of the prototypes that are existing and unaccounted for because they are spread throughout the system.

      If it is in fact 25 made sets that are sold through dealers as a special on top of the special, it’s a problem.

      The prototypes are usually numbered.

      Collectors who bought the “one of a kind” silver Noctilux were also angry when it became a unlimited model shortly after. And a few told Leica.

      Anyway, apart from the feeling, there is that factual monetary value of the 101 sets. You best judge that, I am not a collector.

      • Alfred Corrodi

        Thanks Thorsten, appreciate your comments as well as your photography.
        Am totally fine with prototypes, of course, however, this is another dimension and seems deliberate extension of the series, for whatever reason
        – they must have gotten to number 24 for both bodies and have packaged it the way the “original” set was. Highly unusual

        • Timothy Rule

          50 grand for two bodies and 3 lenses that are probably worth 20 grand, of which 101 were made available. Its exclusive for sure, but even Leica took some time to sell the 101 sets. Its not really a value proposition is it?

          That prototype on the other hand, might be worth something, especially if only a few of the 1-25 are in suitable condition for sale.

          Its very difficult to trust a company who manufactures Luxury and then sells it based on perceived rarity at inflated prices. They are satisfying a market for people with too much money, that might not be you, but its also clearly not a safe place to be investing.

          • Alfred Corrodi

            Well said, Timothy.
            Value is a very relative thing, mostly perception, (goods above the necessity level) and trust (monetary matters).
            Certainly don’t have too much money, although most European politicians would probably disagree, and didn’t buy as an investment, either. However, it would be nice to believe that 101 mean 101 and that the set in your display cabinet doesn’t depreciate because there is some more of it out there nobody knew of.
            I don’t know what the cost value of those things is. One may dispute the value of normal Leicas versus the new Sony A7II or so (which I use a lot now) but I would argue that, quality control issues aside, Leica built is very costly, as base models, and the steel stuff must be another dimension above that. So 20 grand probably isn’t enough. I am not arguing about sense of it, just cost. So one knows what one buys and why.
            I consider myself lucky to be able to afford such things, and actually use them (normally Hasselblad if I can be bothered to carry them). However, spending this kind of money I think I should be able to trust the sticker. Doesn’t look like it.

        • CHD

          Quit your whining, if you can afford ‘to play in the rarified field of upper echelons luxury’ than you’re not going to lose any sleep over Leica releasing a few more cameras you thought were ‘limited’.

          On the other hand, if you’re not really that flush with cash and bought the ‘limited’ edition set to try and make money…well that’s just stupid. You know, a fool and his money….

      • Timothy Rule

        I would be upset too … but to be honest, with these things the price is so far removed from reality that to expect them to be a consistent store of value is unrealistic (emphasis on the word consistent).

        You might notice in one of the last pictures, a card listing the serial numbers and with the Leica CEO’s signature. That’s really not very nice, prototype indeed! Alfred, if it so important to you I suggest you sell the set you have and buy this one. Its one of a possible 25, but probably only 2 or 3 prototype sets are in suitable condition for sale, so that 25k premium is probably a bargain!

        It seems that the ECB is not the only one who knows how to inflate.

      • P. Léger

        25 is simply the number of prototypes, it isn’t some extra release they are making available through dealers. If you read the Leica Store Miami listing you’ll notice they say it’s on consignment.

    • Nostromo

      Well, buying consumer electronics as an investment was never going to work out.

  • Fiatlux

    “Originally, 101 sets were made, with edition numbers from 1914-2014. However, an additional 25 “Null Series” sets were produced but not made available to the general public. ”

    How can this be a pre-production run then?

    • P. Léger

      It’s simply a poorly worded sentence. The 25 “Null Series” are prototypes and were created before the actual production series.

  • Kivi Shaps

    so exactly what is included in this mega kit?

    • saywhatuwill

      A card with a signature on it.

    • TheInconvenientRuth

      Exclusive rights to the use of a North Korean submarine on alternate weekends.

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