Just when we thought ancient wooden boxes were all the rage among camera collectors, a compact beauty has shattered our theories -- this 1923 Leica 0-series just sold at auction for €1,320,000, or about 1.89 million in US money. Curiously enough, the exact same auction house reportedly sold the exact same camera four years ago: No. 107, the first Leica to be exported, allegedly for a patent application inspection in New York. In 2007, it fetched a relatively paltry €336,000, which was apparently still a world record for Leica cameras at the time. Quite the return on that investment, no? Find more pictures and details at the links below.

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1923 Leica 0-series becomes world's most expensive camera, fetches $1.89 million at auction