The small market town close to my village has a little auction house that usually displays vases and figures in its window display. Three weeks ago I walked past and out the corner of my eye spotted a camera. I went inside. They were auctioning a Leica M4 with three lenses and a few bits and bobs. I asked about the estimate and they told me "£200-£300" ($300-$400). Two to three hundred? Only? I inspected the items: Leica M4 (broken - shutter curtain torn) 50/2 collapsible lens 35/1.4 125/2.5 A Visoflex unit Leather case Pamphlets I figured the low estimate was on account of previous camera sales at this auction house plus the broken nature of the camera. This was no mint condition set, it was clearly a camera that had been used (all the serial numbers were from the late '60s). I decided to have a bid, half out of fun, half out of the hope of snagging a bargain. I placed a commission bid for £350 ($526), a little bit above the estimate. The auction happened a few hours ago and I've just called to see how I did. I was unsuccessful, no surprise there, but what was surprising was that the final sale before tax and buyers premium was £2400 ($3600). The estimate was way out. But to me the final sale price is much more than I thought this stuff was worth. I know the 35/1.4 lenses are sought after, but to pay around £3000 ($4500) in total for that kit seems a shade steep. A reasonable price for that kit?