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Market effect of the new Leica M6


It's not just photographers. I also collect mechanical wristwatches and the same mindset exists in that hobby. I know people who favor buying Rolex watches - not because they necessarily love them so much, but because they know they can get their money out of them if they ever want/need to (it's one of the few brands whose watches retain, or often even appreciate in value).

I don't personally view any of these toys as investments I just buy what I like and assume there will be money lost if/when I sell.
 
By letting stuff go when it was time to let them go, I think I've gone much further than I would have otherwise. I did the same with hifi equipment, radios, books, computers, you name it. I've had occasional regrets, but in the case of my first-ever Apple Macintosh computer, I eventually found another just like my original. But where I sold the original for $900, it's replacement was sitting in a pile of someone's trash, so I got it for free. With that kind of cost basis, and with current market values being pretty modest unless I were willing to ship it to some distant location, I'm okay with it serving as a decorative object. But most of the time, if not for the eBay auction photos that I saved, I'd scarcely remember the departed items.

As of 2023, "the market" seems to value Leica M far more than I do, so I've turned my attention elsewhere.