Leica is a religion where the true believer's faith is supported by excellence in engineering and optics. That being said, the price of Leica gear reflects, in part, the relative scarcity of both cameras and lenses. Add in the cult status of the brand and you get unreasonable prices, even for 50+ year-old kit.
As for your LX/M50 kit, a comparison to a Leica rangefinder kit is apples vs. oranges. People shoot rangefinders as a specific tool for a specific purpose. The usage style is quite different as are the results and the photographer's expectations. Check out the discussions and galleries on RFF to see what I mean (
LINK). As I said, people use a 35mm rangefinder differently. Consider the following points:
- Close focus limit for wide angle and normal lenses is 1 meter. Closeups? Macro? Get real! Possible, but not practical.
- The practical limit for longer lenses is about 135mm. This is due to limitations in the rangefinder focus system.
- Many rangefinder lenses are ridiculously compact resulting in incredible handling and pocketable cameras
The Leitz optics are arguably superior (sorry Pentax fans, but tested to be true), but in use, it is unlikely that one would see much difference between photos taken with either kit. (After all, when was the last time you saw anyone shooting rangefinder with a tripod?)
Now I really have a soft spot for rangefinder cameras and own 7 functional units at present (2 Yashica Lynx, an Olympus XA, a Canon P, a FED-2, a Zorki-4K, and a Kiev-4A). I like them all and am generally pleased with the photos I get with them. Will I ever succumb to the siren call from Wetzlar? Probably not. Not enough bang for the buck and too tempting a target for thieves!
Mind you, the above discussion is limited to Leica rangefinder cameras. Leitz did make a 35mm SLR, but it is seriously out of favor with Leicaphiles as are the lenses made for the camera. That is a good thing since it is possible to convert the Leica R lenses to Pentax K! Google Leitax conversion.
Steve
(...does have a recurring jones for a Bessa R3A, however...)