Oct 17, 2008

Collectors bidding cautiously at Sotheby's New York

Imogen Cunningham, Two Sisters, 1928 © Imogen Cunningham Trust
Does the crisis of the financial market impair the photography art market? Considering the latest auction “Contemporary Photography” of Sotheby's New York, collectors were bidding cautiously. There were no sales with sensational high prices, otherwise the buyers mostly did not pay more than the estimates of photos by Ansel Adams, Edward Weston or Imogen Cunningham. Her photograph Two Sisters was sold for only $ 46,875. The estimate was $40,000 to 60000. There remains to wait for how the price index at the art market develops for photographs.

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