Like Chris Crawford and Eddy McDonald said: Do you want a Leica to use or to collect? In the second case, you'd appreciate these astronomical prices as they show a market holding and increasing in valuation.
In the first case, get a M6, M7, (new) MP or even a Voigtländer or Zeiss Ikon (they're fine, initially, perhaps won't last as long) and spend that kind of money on Leica lenses. That is where the quality really is and that is Leica's justification for any kind of mystique.
Mind you, Leica knows it is producing lenses on a level above everyone else (with the exeption of Zeiss Cine lenses, perhaps) and these days asks astronomical prices for them, too. But there are the Summarits and the used market.
Last edited by phaedrus; 12-27-2010 at 10:35 PM. Click to view previous post history.