By Ked · August 2026
August 2026
The M11 generation is where Leica's digital M line jumped from 24 or 40 megapixels to 60 across the board. Starting with the M11 in January 2022, Leica has released four bodies on this platform: the base M11, the M11-P, the M11-D, and the M11 Monochrom. Unlike the M10 generation, which is fully discontinued, this line is a mix: the standard M11 has been retired, but the other three bodies are still current production. This post covers what changed from the M10 generation, what separates the four M11 bodies from each other, and what each one costs new and used right now.
Every M11 body starts from the same platform. The changes here apply across the whole line, on top of whatever else each individual body adds:
One thing that isn't a straightforward upgrade: the mechanical shutter itself. The M10-P was built around a specifically redesigned, unusually quiet shutter mechanism. The M11's mechanical shutter runs on a different cycle, and several reviewers consider it less refined-sounding than the M10-P's. The M11 makes up for that with the electronic shutter option above, which the M10-P never had at all.
The M11 announced January 13, 2022 at $8,995. It's the body that introduced every change listed above.
Leica discontinued the standard black and silver chrome M11 around April 2025, according to Leica Rumors and a Leica representative statement, to make room for newer bodies. A Glossy Black Paint finish of the M11 remains in the current catalog alongside a matching Noctilux-M 50mm f/1.2 ASPH as a standing option, not a numbered limited run, so the M11 name hasn't fully left the lineup, just its original two finishes.
The M11-P announced October 26, 2023 at $9,195. Same 60MP sensor and ISO range as the base M11; the additions:
Still current production as of August 2026, now at $10,400 (black) or $10,650 (silver chrome) after a March 2026 US price increase.
The M11-D announced September 12, 2024 at $9,395. Same no-screen concept as the M10-D, review through the Leica FOTOS app, but the control layout doesn't carry over from its predecessor:
Still current production as of August 2026, now at $10,950 after the March 2026 price increase.
The M11 Monochrom announced April 13, 2023 at $9,195, five months before the M11-P.
Worth noting for sequencing: the sapphire glass and shutter refinement that the M11-P is often credited with actually appeared first on the M11 Monochrom, half a year earlier. The Monochrom isn't just an M11-P with a different sensor; it's closer to where those refinements started. Still current production as of August 2026, now at $11,050 after the March 2026 increase.
The usual tradeoff applies: if black and white is your primary or exclusive output, this is the sharpest file Leica makes short of switching systems entirely. If you shoot any color at all, a 60MP color body converted to black and white in post gets most of the way there while keeping the option open.
One more body is worth knowing about even though it doesn't carry the M11 name: the Leica M EV1, announced October 23, 2025 at $8,995. It uses the same 60MP Triple Resolution sensor and shares firmware releases with the M11 family, but replaces the optical rangefinder entirely with a built-in electronic viewfinder, the first M body ever to do that. It's a different way of focusing an M lens entirely, not a rangefinder variant, so it sits outside the direct comparison in this post, but if autofocus-camera habits like EVF magnification and focus peaking appeal to you more than rangefinder patch-matching, it's the M11-generation body built around that instead.
The M11 generation doesn't have anything resembling the M10 generation's documented 40MP sensor bifurcation issue. What has come up:
Neither issue is a reason to avoid the line; both are firmware-era problems on a camera that's had several years of updates since.
Unlike the fully discontinued M10 generation, three of these four bodies are still sold new, so there's an actual current-retail figure to compare against, not just a launch price. Used figures use this site's standard method: median as the typical price, the 25th-to-75th percentile as the fair range, with special editions excluded from the pool:
| Model | Launch (USD) | Current retail (USD) | Fair price (median) | Fair range (middle 50%) | Active listings |
|---|---|---|---|---|---|
| M11 | $8,995 (2022) | Discontinued (Glossy Black continues) | $7,298 | $6,939–$8,299 | 94 |
| M11-P | $9,195 (2023) | $10,400 / $10,650 | $9,042 | $8,499–$10,131 | 55 |
| M11-D | $9,395 (2024) | $10,950 | $9,158 | $8,500–$10,120 | 20 |
| M11 Monochrom | $9,195 (2023) | $11,050 | $9,769 | $9,218–$10,319 | 41 |
The gap between used fair price and current retail is wide across the board, roughly $1,300 to $1,900 on the three still-current bodies, which is a bigger discount for buying used than the M10 generation ever offered, since that whole line has no new-retail comparison left to make. The M11 has the deepest used market by far at 94 listings, more than the other three combined, reflecting both its longer time on the market and its 2025 discontinuation pushing more of them into resale.
Confirmed eBay sales run below asking-price medians, as usual: $6,854 for the M11 (45 confirmed sales) against a $7,298 asking median, $8,301 for the M11-P (17 sales) against $9,042, $8,666 for the M11-D (3 sales, too few to weight heavily) against $9,158, and $9,392 for the M11 Monochrom (6 sales) against $9,769. Budget accordingly; asking prices carry negotiating room on every body in this line.
The M11 generation's special editions lean heavily on 2025's "100 Years of Leica" theme, marking a century since the original Leica I launched in 1925, alongside a continuation of the Safari finish from the M10-P generation.
The "100 Years of Leica" city editions: six separate, city-specific special editions of the standard M11, each strictly limited to 100 units and released through 2025: Dubai (announced January 2025), Milan (April 2025, $10,695), New York (May 2025, $10,695), Wetzlar (June 2025, €9,500), Shanghai, and Tokyo. All six share a glossy black paint finish over brass, the relevant city name engraved alongside the Leica mark, a black screw in place of the red dot, and a numbered certificate of authenticity. Because these are six distinct products under one loose theme, not one edition, we don't average them into a single fair-price row the way we do for a normal edition. We've tracked isolated examples at $12,300 (Milan) and $21,397 (Wetzlar), and the spread between city editions holds up, it isn't noise; check which specific city edition you're looking at before comparing prices.
M11-D "100 Years of Leica" Centenary Set: a separate, much rarer product built on the M11-D rather than the standard M11. It bundles the body with two lenses, a Leitz Anastigmat-M 50mm f/3.5 recreating the original 1925 Leica I lens, and a Summilux-M 50mm f/1.4 ASPH, in a high-gloss piano-black brass finish with no LCD and no red logo. Limited to 101 units: 100 numbered plus a single #000 example carrying serial 6000000, marking the one-millionth M camera. Announced June 2025 for a spring 2026 release through select Leica Stores; pricing was still unannounced as of this writing.
M11-P Safari: announced May 8, 2025 at $10,495, an olive-green finish continuing the Safari tradition from the M10-P generation. Unlike the numbered city editions, Leica describes it as joining the standard production lineup rather than a fixed numbered run, and it's sold as a standalone body with a black carrying strap, not bundled with a lens. As with the M10-P Safari before it, Leica later released matching Safari-finish lenses separately and on a staggered schedule rather than as an official kit: a Summilux-M 35mm f/1.4 ASPH and Summilux-M 50mm f/1.4 ASPH alongside the body's launch, and a Summicron-M 28mm f/2 ASPH Safari that didn't follow until February 2026, nine months later. As of February 2026 the M11-P Safari itself is reported as discontinued, so supply is unlikely to grow from here.
M11-P Chicago Edition 17: a silver M11-P with boysenberry leatherette, limited to 17 units and sold only at the April 2026 opening of the Leica Store Chicago flagship, marking both the 20th anniversary of Leica retail stores and the 1917 construction date of the store's building (hence "17"). Priced at $10,900. We haven't tracked a single listing for one.
M11 Monochrom "Leitz Wetzlar" Marble Edition: an art collaboration with sculptor Casper Braat and Leica Store Lisse in the Netherlands, limited to 10 complete sets. Each set bundles an engraved M11 Monochrom body with a Noctilux-M 50mm f/1.2 ASPH, a matching white Carrara marble sculpture, marble pedestals, and flight cases, at €50,000 for the full set with no separate camera-only price disclosed. We've tracked one listing, at $69,999 for a complete set, too singular an item to treat as a fair-price data point.
The M11-D has no numbered special edition of its own beyond the Centenary Set above; standard black is still the only ordinary finish.
Only the M11-P Safari has enough tracked listings for a fair-price read worth trusting:
| Edition | Median asking | Range | Active listings |
|---|---|---|---|
| M11-P Safari | $9,603 | $8,791–$14,725 | 14 |
That's a wide spread for one edition. Some examples sit below the $10,495 launch price, consistent with an edition that's been on the market since May 2025 and has already been reported discontinued; the highest examples run well above launch, likely a mix of condition, region, and buyers paying a premium now that supply has stopped growing. Everything else in this section has too few tracked listings (one or none) for a fair-price band to mean anything; treat the prices mentioned above as isolated data points, not a market range.
Every M11 body shares the same 60MP color sensor except the Monochrom, so the sensor choice is really just color versus black and white. Past that, the decision comes down to interface and workflow.
If you want the best value and don't need Content Credentials or sapphire glass, the discontinued base M11 is the pick: it has by far the deepest used market in the line, and its discontinuation has pushed prices down without changing what the camera does. If provenance metadata and the harder screen cover matter to you, or you just want the current standard body Leica sells, the M11-P is the one to buy new or used. If a screenless, phone-review workflow is the draw, the M11-D is a different camera to operate than the M10-D was, not just a resolution bump, because of its swapped dial layout. And if black and white is your primary output, the M11 Monochrom remains the sharpest monochrome file Leica makes.
Because the M11-P, M11-D, and M11 Monochrom are all still sold new, buying used only makes sense if the discount is meaningful; at roughly $1,300 to $1,900 off current retail for a clean example, it usually is, but check shutter count and confirm current firmware given the freezing issue documented above. Browse current M11-series listings on UsedCameraTracker by selecting any variant from the dropdown; each body has its own price-guide page so you can compare condition and asking price side by side.