© Morton Schamberg /CHRISTIE’S IMAGES LTD
As reported by pdn online the auction market for photography is really hot. The prices that some images command today are spectacular and much higher than even market appraised valued. Interestingly, this image from Morton Schamberg is the picture of an sculpture attributed to Baroness Elsa von Freytag-Loringhoven, according to a Christie’s catalog note. So, an image of an art object (sculpture) becomes the art object by itself.
The prints at Wednesday’s auction came from the estate of Thomas T. Solley, a former director of the Indiana University Art Museum who began collecting photographs in the 1970s. The auction of his collection brought in a total of $4,328,460. A second auction of photographs at Christie’s on Thursday brought in another $1,231,800.
Prints by Morris Schamberg, Henri Cartier-Bresson and El Lissitzky greatly exceeded auction-house estimates at Christie’s in New York Wednesday, setting new auction records for those artists.
Amid a broad array of work by 20th century masters, a 1918 Schamberg print fetched $390,000, making it the highest-selling lot in the auction. The price far exceeded the estimate of $5,000 to $7,000. –pdn online