Originally Posted by jsrockit
Just for perspective, I bought a used M6 in 1991 for around $1000... and it was the current M at that time. Surely such a great camera with the Leica badge will sell for more as less are on the market and just due to simple inflation.
That is correct, inflation might be a bigger factor than most people think. Between 1991 and 2019 there was an average inflation rate of 2.28% per year. That $1000 M6 is $1,880.64 in today's dollars.
Obviously the price explosion in recent years isn't solely due to inflation, but the $800-900 mint M2/M3 you saw in 2010 can easily top $1k in 2019 after factoring inflation in.