Posts Tagged ‘bernicelovett’

$10 Photo Sold for $1 Million at Auction

A signed print of Edward Weston’s Nautilus Shell purchased for $10 in 1927 has been auctioned off for a whopping $1,082,500 at Sotheby’s auction house in New York.

We reported last month that the print, purchased by a young photographer named Bernice Lovett, was estimated to fetch up to $500,000.

The photo ended up going for more than double that amount.

Edward Weston created the photograph in 1927, the same year Lovett purchased it at San Francisco’s East West Galleries. The photograph is now regarded as one of the great modernist photographs of all time, and this sale places it among the most expensive photographs in the world.

Another of Weston’s photographs on the list is Nude (1925), which sold for $1,609,000 at the same auction house in April 2008.

$10 Photo Now Worth up to $500,000

In 1927, a young photographer bought a print at San Francisco’s East West Galleries for $10 — roughly $125 today. Bernice Lovett could not pay the full price of the image at once, so she paid for it in monthly 50 cent installments. Lovett’s family held on to the photograph for over 80 years.

As it happens, the print was a signed, early print of Edward Weston’s Nautilus Shell, which became widely recognized as one of the greatest modernist photographs of all time.

The photograph will be sold in April at Sotheby’s auction house and is estimated to fetch somewhere between $300,000 to $500,000.

Image Credit: Nautilus Shell by Edward Weston courtesy of Sotheby’s