For the limited-edition piece, Sachs looked to materials that have strong gripping properties, especially those traditionally used in manufacturing.
The artist decided on a red textured rubber that is usually used on the surface of table tennis bats.
"Applying a material that has never before been used as an easy-to-grip camera surface has created a striking aesthetic and a unique tactility," said Sachs.
The rest of the camera, which is available in a limited edition run of 79 pieces, features a black paint finish with red engravings.
It comes in a black case, which contains the camera, the lens, a carrying strap and a Leica SF 40 flash.
Sachs usually works in sculpture and installations, creating pieces like The Journey of a Drop, which dropped coloured ink six storeys into a glass tank at the V&A museum.
The London-based artist and designer has also renovated a Bauhaus building and designed the interior for a restaurant at Zürich's Dolder Grand hotel.
Apple's Jonathan Ive and Australian designer Marc Newson previously created a one-off Leica camera, which was auctioned off for charity.