Quite frankly, there’s no Leica worthy of the hype, and they’re probably all overrated to some degree. And I’m speaking purely of the fanboy and snobbery that they have grown to acquire in recent years. And the majority of those in the hands of fanboys probably aren’t being used to their full potential to begin with, so how can any accurate opinion, blog post, a article be posted or shared, and worse relied upon? Give me a review written by Erwitt, Winogrand, or Arbus and let’s see how thy differ from the fanboy reviews. I’d bet they’d be wildly different tones.
Leicas are damn good cameras. No doubt about that.
Any generation of Leica really, compared to their peers, and to most cameras of similar form factor of any decade.
A IIIf will still knock the socks off any compact rangefinder designed in the decades in between.
Not only in function, but in how well it’s made. The look and feel of solidity and sophistication.
The big question is: How much better is it really?
I’d say original Leitz optics are very, very good. Take the 50mm 2.0 50s Sumicron.
I’d say on a scale based on what other people say and my own observations, that it is “only” about 1.5 times better than for example a Hi-Matics Rokkor 45mm 1.8 tops.
If you take lines per millimeter, contrast, corner performance, they are not that different.
Difference is the Sumicron easily costs $2000 alone.
The Rokkor can be had for $100 permanently put on a pretty good body with leaf shutter for better daylight fill-flash and lightmeter.
So with a body running also at about $2000 for an M3 or a good Barnack body running at $500 to $1000, you are looking at a 30 to 40X difference in price, for what exactly?
That’s a hell of a lot of film and processing.
Back in the day the difference was more like 5X or 10X.
Still a lot, but worth it for some due to the better feel, the theoretical notion that you could buy another lens or two, and the durability.
Unless you get a deal, Leicas are not worth it at all, unless you are straight up honest about you buying a status symbol, and buy into that thing, the story and care about the people who are impressed by stuff like that.