I have a Leica M5 35mm film camera and a digital rangefinder the Epson R-D1 as well as 2 Russian made LTM (M39) bodies and have (5) Leica lenses and (4) LTM M39 lenses from other mfr's. Almost all of them were purchased from KEH.com second hand. It's was nice to pay $850 for an EX grade 50mm f/1.4 Summilux first version (my favorire lens out of 50 others in all mounts).
I saved a lot by purchasing Leica M and LTM from KEH.com under $300 for each additional lens 90mm f/4 Elmar, 135mm f/4 Elmar and a 50mm f/2 Summitar LTM and a 35mm f/3.5 LTM Summaron all Leicsa glass. I purchased adapters from Rainbow Imagies at Amazon.com for M39 to Leica M for $25 each (after paying around $55 for the same adapters from several other vendors-the exact same adapters.
Then a new Voightlander 28mm f/3.5 Color-Skopar in M39/LTM for $235 from B&H.com.
Lastly I went over to the NYC based Russian on line seller Urie is his name at FEDKA.com and purchased 3 Russian made screw mount lenses and 2 cameras, 85/f2 Zorki ($185) and 2 50mm f/3.5 copies of the Leica Elmar's (collapsable) for under $100 and FED IIIc and Zorki IIIa.
My point is that you can obtain a very complete Leica lens collection from 35mm Summaron, 50mm Summilux, 90mm Elmar and 135mm Elmar all for about for around $1,200. Then you can add a 28mm f/3.5 Voightlander for around $350 (the price has gone up since 2006 and 2007. Lastly you can spend around $300 and get a nice 85mm f/2, and two 50mm f/3.5 all in LTM Russian made lenses.
My second hand lenses don't know that they are second hand and they work fine on all 4 cameras. Note M system lens cannot mount on M39 LTM bodies.
Before I got into Leica back in 2006 I had spent about $12,000 - $14,000 on new Canon L lenses as I purchased 10 of them as well as the $8,000 Top of the Line 1DsMkII camera.
I learned my lesson and decided to save as I no longer was a working pro and never can be again as I'm now disabled. But I srill love photography and continue to shoot in film and digital in Canon, Nikon, Pentax, Olympus, Panasonic and Leica and Kodak SLR/n. I have 4 pro bodies, 2 of which are FF Digital.
I recomend that as a hobbiest that you start out with the used Leica Lens selection that I have talked about. They are excellent. Then. slowly if you really Must, you can purchase new Leica and Zeiss glass. I'm thinking you will find this unneccessay as the second hand lenses are very very good.
-Peter
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