If you've been waiting nearly a decade for the just-announced RX1R III, you're in for a severe case of sticker shock, as the camera debuts at a Leica-like price.

Sony has officially opened pre-orders for the new RX1R III – a beautiful full-frame compact camera that fuses modern technology with a fixed, timeless 35mm focal length and an aperture of f/2, making it a real rival to the Leica Q3 43.

Sony just surprised the photography world by unveiling the RX1R III, a fixed-lens 35mm full-frame compact camera. Coming nearly ten years after the RX1R II, it has a 61MP Exmor R sensor along with Sony's latest image processing technology that promises low noise and high dynamic range.