copake_ham said:
years ago Leica decided to position itself in the market place as a luxury good.
No, I think it always was. For the first 15 years or so, it was rarely taken seriously. The war doesn't really count, so we'll discount 1939-1945. Only in the (very) late 40s, all the 50s and early 60s was it a mainstream camera. Since then it's gone back to luxury.
My own view is that it's a dinosaur, something that can't be made to the same standard any cheaper. The relatively primitive but very long-lived shutter; the excessive degree, by modern standards, of hand-assembly; CNC machining the top plate from a vast slab of brass -- yes, it's an expensive way of doing things. But there is always a market for things that are hand-made as well as possible, as (for example) a Patek Phillippe watch or a Hesketh motorcycle (or indeed a Gandolfi) demonstrates.
I'm just very grateful that the dinosaur survives, and at such an affordable price (a lot more affordable than Patek Phillippe, which I would argue is in a similar class).
It's also a very, very good camera. I'd ask again: have you ever actually owned one?
Finally, I'll turn your own argument back on you. Clearly it is worth the money, or Leica would not still be making cameras. Opinions of why it is worth thev money may vary, as indeed may reasons: some will buy it as jewellery, some to take pictures. But if it weren't worth the money, no-one would buy it.
Cheers,
Roger