cameracollecting

A Canon EF 1200mm f/5.6 lens was the focus of a bidding war at the Wetzlar Camera Auctions (WCA) last week that saw it climb to a final value of 500,000 euros (about $580,000), the highest ever value for a camera lens.

Talk about the ultimate camera flip: it has come to light that some savvy camera collector (or investor) won a rare Leica camera at auction in 2019 for $24,000 before turning around two years later and re-selling it at auction for a staggering $480,000.