The Leica Elmar 135mm f/4 is an LTM rangefinder telephoto from the 1960s, a Mandler design valued by collectors for its modular Visoflex-compatible head.

Leica Elmar 135mm f/4 LTM

Leica Elmar 135mm f/4 LTM

M / LTM mount

€153

8 listings · €153–€398 · median €187

checked 15 hours ago

See all 8 listings

The Leica Elmar 135mm f/4 LTM is a M / LTM-mount lens for Leica rangefinder cameras. As of October 2026, it sells from €153 used across 8 listings, with a 30-day median of €187. Leica price index →

How it compares

Measured against the 31 other 135mm lenses in the catalogue.

440 g Weight Lighter than 53% of them
f/4 Maximum aperture Faster than 19% of them

Specification

Model number(s): 11750
Focal Length: 135mm
Aperture: 𝑓/4
Release Year (from): 1960
Production Year (to): 1968
Diameter: 53 mm
Filter Size: 39 mm (E39)
Length: 123 mm
Minimum Focus Distance: 1.5m
Elements in Groups: 4/4
Aperture Blades: 12
Mount: M / LTM
Material Weight: Aluminum, 440g
Colors: 2-Tone

About this lens

Leica Elmar 135mm f/4

The Elmar 135mm f/4 represents the longest focal length Leitz built to work with a coupled rangefinder, and it marked a clear step forward from the older Hektor 135mm f/4.5 it replaced [1][2]. Designed by Walter Mandler, it used a simple but effective layout of four elements in four groups, and it became the standard Leica long telephoto of the 1960s before later Tele-Elmar designs took over[3]. Production ran from 1960 to 1968, with the lens carrying the inscription ELMAR 1:4/135 LEITZ WETZLAR.

The lens is a substantial all-metal barrel measuring about 123 mm long and 53 mm in diameter, weighing roughly 440 g, built from anodized aluminium with a leatherette focusing grip. It focuses from 1.5 m to infinity, takes E39 filters, and uses a twelve-blade diaphragm running from f/4 to f/22. A distinctive feature is its modular construction: the optical cell unscrews from the focusing mount so the head can be used on the Visoflex reflex housing with a focusing adapter, giving the lens a second life as a short telephoto for close and macro work. The narrow 18-degree angle of view makes accurate framing on a rangefinder demanding, and the matching IUFOO clamp-on hood and an auxiliary finder were offered to help. On the camera the lens is rangefinder coupled, and the chrome two-tone finish is typical of the period.

Sources record the lens in both Leica screw mount and M-bayonet forms, with screw-mount examples far less common than the bayonet version. Collector references differ on the production span and order numbers: the manufacturer-derived data note an end around the mid-1960s and list several order numbers across the M and screw variants, while LeicaLensList records the screw-mount lens under 11750 with production through 1968. The verified figures take precedence here, and buyers should confirm mount and order number against the specific example.


Optical qualities

Rendering Documented impressions of the Elmar 135 come mainly from user reports rather than formal test data. Reviewers describe it as a sharp performer wide open, with resolution improving only marginally on stopping down, and good results achievable even at f/4. Its rendering is often praised for portraiture, where it treats skin tones gently and separates a head from a blurred background, a character several users attribute to the Mandler-era design rather than to clinical modern sharpness. Because the maximum aperture is f/4, the lens is comparatively slow, but in landscape, detail and aviation work that is rarely a limitation, and a tripod is commonly used to extract the best results.


History

Development and Launch The Elmar 135mm f/4 arrived in 1960 as Leitz's improved replacement for the Hektor 135mm f/4.5, offering a more modern optical formula while remaining the longest lens that could still be focused with the rangefinder. It was offered in both Leica screw and M-bayonet mounts and slotted in as the standard long telephoto in the M-system lineup, later giving way to the Tele-Elmar 135mm f/4.

Production Evolution The lens was produced through the 1960s with its distinctive removable optical head, allowing the same cell to serve on the Visoflex via a focusing adapter. Surviving serial-number records show production concentrated in the early 1960s and split between M-bayonet and screw-mount examples, with bayonet versions far outnumbering screw ones.

Collector Notes The lens is widely regarded as an affordable entry into vintage Leica telephotos, with usable examples often selling well below the cost of later 135 mm Leica optics. Buyers should confirm that the unscrewing front cell is present and undamaged, since the Visoflex-compatible head is integral to the design, and should check focus smoothness and the diaphragm action. Original accessories such as the IUFOO hood, the front cap and the clear plastic dome keeper add to a clean example, and the chrome two-tone finish should be checked for wear consistent with the lens's age.


Sources

Where to buy

Prices for Leica Elmar 135mm f/4 LTM

Lowest right now
€153 18% below 30-day median

Good time to buy. The lowest listing is 18% below the 30-day average.

Median · 30d
€187
Available
8 listings · 4 sources
Price against condition for 8 listings€185€278€370Mint1Good2Fair1Unknown4median €187€153

Lowest price Click a mark to open that listing · arrow keys to step, Enter to open

Price against condition for 8 listings of Leica Elmar 135mm f/4 LTM, €153 to €398, median €187. Mint: 1 at €213. Good: 2 at €156, €187. Fair: 1 at €187. Unknown: 4 at €153, €156, €259, €398. The full table follows.

Lowest & median price by condition for the Leica Elmar 135mm f/4 LTM
ConditionLowestMedian
Mint€213€213
Good€156€171
Fair€187€187
Other€153€207
Stores
Best price
Leica 13.5cm f4.5 11750
Sold by One Of Many Cameras
€153 ≈ $165

Price history

Over the last 18 weeks the median price for the Leica Elmar 135mm f/4 LTM has risen, ranging from €158 to €191 (now €187).

Weekly price (EUR)
Median: Good or better Lowest: Good or better
€156€165€173€182€191MedianLowest
Jun 1Jun 22Jul 13Aug 3Aug 24Sep 14Sep 28

Weekly price (EUR). Median (Good or better) and lowest (Good or better) across 18 weeks. The full figures follow in the table below.

The figures behind this chart
Weekly median and lowest price
WeekMedianLowest
Jun 1, 2026€158€158
Jun 8, 2026€158€158
Jun 15, 2026€158€158
Jun 22, 2026€158€158
Jun 29, 2026€158€158
Jul 6, 2026€189€159
Jul 13, 2026€159€159
Jul 20, 2026€175€159
Jul 27, 2026€175€159
Aug 3, 2026€163€159
Aug 10, 2026€177€159
Aug 17, 2026€177€159
Aug 24, 2026€177€159
Aug 31, 2026€177€159
Sep 7, 2026€177€159
Sep 14, 2026€191€159
Sep 21, 2026€191€159
Sep 28, 2026€187€156
What these condition grades mean

Every shop grades differently. Leica Classic uses letters, Ffordes uses E++ and E+, German dealers write "Zustand B", Japanese dealers write A−. We map all of them onto the one ladder below. Where a shop states its own grade, we print it under ours.

New
Unused, sold as current stock.Usually the maker's own store or a dealer's new inventory.
Mint
Used, but with no wear we can see described.Leica Classic A · Ffordes M
Excellent
Light wear, glass reported clean.Leica Classic A− and A/B · Ffordes E++ and E+ · Japanese A−
Good
Visible wear from use, optics reported sound.Leica Classic B · "Zustand B"
Fair
Heavy cosmetic wear, or a stated optical fault such as haze, fungus or cleaning marks.Leica Classic B−
Heavily used
Works, but wear or a fault affects using it.Leica Classic C
For parts
Not usable as sold.Leica Classic C− and D
Unknown
The listing said nothing we could grade. We show the seller's own words instead of guessing.

Leica Elmar 135mm f/4 LTM: frequently asked

How much does the Leica Elmar 135mm f/4 LTM cost?

As of October 2026, the Leica Elmar 135mm f/4 LTM sells from €153 used, with a 30-day median of €187, across 8 active listings.

Where can I buy a Leica Elmar 135mm f/4 LTM?

As of October 2026, the Leica Elmar 135mm f/4 LTM is sold by 4 sources (8 listings), from €153 used: all compared cheapest-first on this page.

Community Posts

Discussions about Leica Elmar 135mm f/4 LTM
No discussions about this lens yet.

Comments

From €153 8 listings · 4 shops