Posts Tagged ‘sold’
Next time a significant other bugs you about how much you spend on photo gear, remind them how much worse it could be if you were into vintage kit.
Such as the 1931 Leica IIIa shown above, owned by the great Alfred Eisenstaedt and used to shoot everything from his iconic V-J Day image of a sailor kissing a girl in Times Square to a portrait session with President Bill Clinton. The camera sold at Vienna auction house last weekend for 114,000 Euros, equivalent to $147,117.
We reported last August that Kodak was looking to sell its camera film business along with a number of other core businesses. Well, the company has now succeeded.
A fake war photograph by Canadian artist Jeff Wall was sold yesterday at Christie’s in NYC for a staggering $3.6 million — a new record for Canadian photographers and the third highest price ever paid for a picture. The 1992 photo, titled Dead Troops Talk, was captured inside a suburban Vancouver studio using models, borrowed military outfits, and fake blood. It shows a group of dead Soviet soldiers chatting with one another during the Soviet-Afghan war of 1986. The sold image is one of two copies that exist, and considered Wall’s most important creation. Interestingly enough, Andreas Gurksy (who holds the record for most expensive photo) cites Wall as an influence.
(via The Vancouver Sun)
36 of American photographer William Eggleston‘s digital pigment prints were auctioned off at Christie’s on Monday, fetching a whopping $5.9 million — far more than the $2.7M they were expected to sell for. Eggleston is credited with helping making color photography a legitimate artistic medium for galleries, which had previously favored B&W prints. A print of Eggleston’s “Memphis (Tricycle)” (shown above) was the top seller after being snatched up for $578,500.
The Panavision PSR 35mm movie camera that was used for most of the principal photography in the original 1977 ‘Star Wars’ movie has been sold at auction for $625,000 — the highest price ever paid for a movie camera. While the price is record-setting for both Star Wars memorabilia and film movie cameras, it still pales in comparison to prices seen in the world of still photography — the most expensive camera was auctioned earlier this year for $1.9 million.
(via The Guardian)
Despite what you might think, this isn’t some random snapshot we found online — it’s actually the world’s most expensive photograph. Titled “Rhein II”, it’s a 1999 photograph by Andreas Gursky showing the Rhine river. Last night it sold for a whopping $4,338,500 at Christie’s.
Gursky has become quite the Midas of photographers: this is his second photo to claim the title of “world’s most expensive”, with the first being 99 Cent II Diptychon ($3.89M and now the 4th most expensive).
Behind the Gare St. Lazare is one of French photographer Henri Cartier-Bresson‘s best known photographs, and is frequently cited as an example of his “decisive moment” approach to photography. The photograph was made in 1932, but the oldest known print is dated 1946. That print will be sold at a Christie’s auction on November 11th along with 100 other signed prints, and is expected to fetch up to ~$250,000.
Leica Camera is now nearly half American-owned: the company announced yesterday that it has agreed to sell a 44% minority stake to US-based private equity firm Blackstone Group. Leica Chairman Andreas Kaufmann says the purpose is international expansion:
[...] we are concentrating on further developing the brand and its products as well as on entering new markets in Asia, Latin America and the Middle East
Leica has turned things around quite a bit in the past decade. Back in 2004, Kaufmann purchased 95% of the company for around $85 million. The company reported record sales last year, and although the financial details of yesterdays deal weren’t announced, the Wall Street Journal is reporting that the 44% came at a price of $179 million. This would value the company at ~$407 million, meaning the company’s value has grown by a whopping 450% over the past 7-8 years!