Auction house: Camera fetches record euro1.3 million

AP News
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Posted: May 28, 2011 1:18 PM
Auction house: Camera fetches record euro1.3 million

An Austrian auction house says an 88-year-old Leica camera has sold for a record euro1.3 million ($1.9 million).

WestLicht says the rare camera is part of a small series dating back to 1923 and was valued at up to euro450,000 ($643,640).

It says the camera, which had a starting price of euro200,000 ($286,000), went to a private Asian collector after a nail biting, 20-minute bidding process.

WestLicht claims Saturday's auction makes the Leica the most expensive camera ever sold.

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Online: http://www.westlicht-auction.com