Auction house: Camera fetches record €1.3 million

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

WestLicht says the rare camera 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 nail biting, 20-minute bidding process.

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