Posts Tagged ‘money’

Cindy Sherman Photograph Sells for $3.8 Million, Setting New Record

Cindy Sherman’s “Untitled #96″ from 1981 has become the world’s most valuable photograph after selling for a staggering $3.89 million at a Christie’s auction yesterday (it was estimated to be worth up to $2 million). The winning bidder was Philippe Segalot, a private advisor to some of the world’s wealthiest art collectors. The photo takes the top spot away from “99 Cent II Diptychon” by Andreas Gursky, which enjoyed five years as the world’s most valuable photo after selling for $3.35 million back in 2006.

(via ARTINFO via Popular Photography)


Image credit: Photograph by Cindy Sherman

Start a $2 Portraits Project for Unexpected Encounters on the Street

Photographer and blogger Thomas Hawk has an ongoing project called $2 Portraits in which he gives $2 to people on the street in exchange for a portrait:

[...] I am going to offer $2 to anyone who asks me for money in exchange for their portrait. While I’m taking their portrait I’m going to ask their name and try to learn a little bit about them. I plan on doing this for the rest of my life — assuming that I can afford to.

To make things easier I’m putting $2 in reserve money in a special place in my wallet so that even if I don’t have change I will always have the $2 to hand over.

In part I’m undertaking this project because I realize that I’ve been avoiding people asking me for money. My biggest motivation behind this project however is simply that I think human interaction is a good thing. I’m not doing this to exploit homeless people or show how hard and bad life can be. I’m doing this because I want to celebrate other human beings as human beings and I think that this commercial transaction gives us an opportunity to engage and interact on a more human level… and I also think that I can take a pretty decent portrait.

You can see all of the portraits Hawk has taken so far in his $2 Portraits Flickr set, where he also shares the story behind each photo. If you’d like to start doing the same thing, he also has a Flickr group where people can share their own $2 photographs.

$2 Portraits (via ALTFoto)

Photographer Fee Estimates for an Automotive Advertising Campaign

Ever wonder what the fees involved in doing photography for an ad campaign look like? Jess Dudley, a producer over at Wonderful Machine, has an insightful post on A Photo Editor breaking down an estimate he recently did for a client:

The photographer and I settled on $2,500.00/shoot day for his basic creative fee. But what about the licensing fee? There were some factors to consider. The agency and the client were both pretty big players. The client was going to get a lot of use out of the pictures, and they stood to gain a lot from them, all which suggested a solid fee. Applying slight downward pressure on the value was the fact that the photographer didn’t have a long track record with automotive advertising, the spontaneous nature of the shoot made the campaign a little risky for the client, and this campaign was only one of several that they were producing for that brand. After consulting my usual pricing guides and agency contacts, I chose to price the first 20 images at $80,000 (effectively $4,000 each), with the option of the next 10 at $3,000 each and the 10 after that at $2,000 each.

You can read the rest of the breakdown here — it’s quite illuminating.


Image credit: 2007 Lexus LF-A Sports car concept detail by j.hietter

Price of Data Storage Continues to Plummet, Photographers Rejoice

It’s a good time to be a digital photographer — massive hard drives are becoming cheaper than ever, making it so photo-enthusiasts don’t have an excuse for not backing up their data redundantly. Here’s an interesting look at how the price of a Gigabyte of storage has changed over time:

YEAR — Price of a Gigabyte
1981 — $300,000
1987 — $50,000
1990 — $10,000
1994 — $1000
1997 — $100
2000 — $10
2004 — $1
2010 — $0.10

Nowadays, a cheapo flash drive given away for free at expos has more capacity than a $10K computer from 30 years ago. In another decade, you’ll probably be able to consolidate all of the hard drives you have now on a cheapo flash drive of the future (or whatever we’ll be using then)!

Cost of Hard Drive Storage Space (via Boing Boing)

Calculate Whether to Make Prints at Home or Through a Printing Service

If you think making prints at home with your photo printer saves you money over having the prints made through a service, you might be wrong. How-To Geek has a neat tutorial and XLS spreadsheet you can use to calculate the cheapest method depending on your printer expenses. Simply download the file, fill out the boxes according to the instructions, and you’ll learn how much you’re actually paying per-print with your home printer.

Is Your Desktop Printer More Expensive Than Printing Services? (via Lifehacker)

New Flickr Feature Makes it Easier to Make Money with Your Photos

Flickr has just announced a new feature that lets you to add a “Request to License” link to all of your photos stored on the service, allowing visitors who wish to license your photos to send you the request through Getty.

Visit any of your photos while logged in, and you should see a link under “Additional Information” that says “Want to license your photos through Getty images?”. Follow the instructions after clicking this to change your preferences.

Once you’ve enabled the “Request to License” link, visitors can click through to be put in touch with a Getty representative, who will then handle the details and send you a FlickrMail with the licensing request.

The companies are mum regarding the rates paid for photos, but BBC News reports that the average rate may be between $150 and $240.

One complaint that members are making on the Flickr forum is that the feature is globally enabled or disabled rather than allowing you to choose which photographs to show the link for. Presumably Flickr is working on changing this to give users more control.

Have you sold any photos on Flickr through Getty? If so, what was your experience?

7 Easy Steps for Instant Cashback on Photo Gear Using eBay

A while ago my friend discovered Microsoft’s Bing Cashback program, which provides instant savings for “qualified” purchases. What’s neat is that any eBay purchase made with “Buy It Now” and paid using PayPal qualifies for the savings. After he discovered this, my friend bought Canon 5Ds in bulk on eBay and sold them on craigslist for a profit.

I just bought a used 5D yesterday on eBay for $1200, and instantly saved about $100 using this method. Here it is as a step-by-step tutorial:

1. Search for the Product on Bing

Head on over to Microsoft’s Bing search engine to search for your product.

2. Click the Sponsored eBay Link

In many cases you’ll find the link in the sponsored sites box. If you don’t, just type in something else until you do find an eBay link (i.e. “Canon 5D”). It doesn’t need to be the item you’re looking to purchase. As long as you enter eBay through a sponsored link on Bing you’ll be qualified for cashback.

2. Check the Top of the Page

At this point, there should e a special “Microsoft Cashback” graphic at the top of the page, with the text “Must use Buy It Now and PayPal”. As long as you see this, you’re good to go. If you don’t enter eBay through the sponsored link on Bing, you won’t see this and you won’t be participating in the program.

3. Find Your Item

You can now search for any item you’d like to buy, using eBay just like you normally would. You have 60 minutes to find and buy what you’re looking for before the cashback expires. If it does expire, all you need to do is start over and reenter eBay through Bing. It’s really that easy!

Since the program requires that you Buy It Now, it makes sense to filter by Buy It Now listings, and to sort by price from lowest to highest.

4. Purchase the Item Using Buy It Now

Make sure the special graphic at the top from Step 2 is still visible. If it is, click “Buy It Now” to purchase the item.

5. Check the Review Page

After clicking the “Buy It Now” button, eBay takes you to a confirmation page to allow you to review what you’re getting into. If you’ve done the previous steps correctly, this page will also have a special “Microsoft cashback” box that tells you exactly how much cash you’re going to get back with the purchase. If everything looks right, hit the “Commit to Buy” button to make the purchase final.

6. Pay Using PayPal

Pay for the item like you normally would using PayPal. As long as you pay using PayPal, you’ll get the cashback.

7. Sign Up for the Bing Cashback Program

Once you’ve purchased the item, you’ll receive an eBay message in your account telling you to check your Microsoft Cashback page. If you don’t have one, you can create one at this time. Make sure you create your account through the link provide in the message.

The signup is very fast and simple.

You will soon find the cashback amount show up on your account. Ordinarily, cashback takes 60 days. However, if you sign up for an account beforehand, you can go into your Microsoft Cashback settings and join the “quick cashback program.” This allows you to have the cash sent to your PayPal account very shortly after the purchase (sometimes immediately).


That’s it! What’s great about this program is that you can use it for anything on eBay as long as you use Buy It Now and PayPal. After buying the 5D yesterday, I used the program to purchase a VGA adapter for my MacBook Pro, and saved 8% on that as well in addition to the low 3rd-party price I found on eBay.

Good luck, and leave a comment letting us know how it goes!

TweetPhoto Lands $2.6 Million Investment

Real time photo sharing service TweetPhoto has raised a $2.6 million Series A investment from a group of investors led by Canaan Partners.

The San Diego-based startup is one of the closest competitors of TwitPic, the most popular photo sharing service for Twitter. As long as Twitter doesn’t compete in this space with 3rd party sites by starting its own service or acquiring one of the services, the future looks bright for TweetPhoto. Last year, TwitPic raked in $1.5 million in revenue and turned down an offer “much higher than $10“.

Although TweetPhoto still lags behind TwitPic in terms of traffic, TweetPhoto is attempting to ensure its growth and survival by spreading its eggs across multiple baskets. Unlike TwitPic, TweetPhoto has expanded to support other social networks including Facebook, MySpace, LinkedIn, and Foursquare.

GigaOM also reports that the company is thinking about changing its name, and will likely do so at some point in the future.

Real time photo sharing is just getting started and, if the investors are correct, we should be seeing much more growth and innovation in this space in the near future.