Camera fetches record €1.3 million at auction

Auctioneers (R) sit as the 7th camera of the Leica 0-series is sold during the West Licht Photographica Auction in Vienna. Only approx. 25 of these cameras were produced to test the market in 1923, two years before the commercial introduction of the Leica A. The camera was sold for 1.1 million euro (1.57 million USD). (AFP)

An Austrian auction house says an 88-year-old camera has sold for a record €1.3 million($1.9 million).

WestLicht says the rare Leica is part of a small series dating back to 1923 and was valued at up to €450,000 ($643,640).

It says the camera, which had a starting price of €200,000 ($286,000), went to a private Asian collector after a nailbiting, 20-minute bidding process.

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