I recently came across a M4-P 70th Anniversary 1913-1918, body only. No box, no instruction manual. I have to admit, a very nice camera. But the price!! Clearly, the price tag had collectors in mind. The same week, I came across an eBay listing for a plain-jane M4. Nice camera, except the leather on the back near the film indicator had worn through. Price: $1800 for a 40-year old camera!
IMHO, collectors are making a mess of the used camera market. Especially when it comes to Leica's. I guess I just don't understand. Wouldn't a Zeiss Ikon ZI fit the bill just as much as a M3 or M4? Does it have to be a Leica, and do you have to give up an arm and a leg, mortgage the farm and relinquish your 1st born to pay for it?