“175 Masterworks to Celebrate 175 Years of Photography: Property from the Joy of Giving Something Foundation” at Sotheby’s New York fetched a total of $21,325,063 on the 11 and 12 December 2014, just passing its original estimate of between $13 million and $20 million.
The sale sets a record for a photographs auction, exceeding the previous record by over $6 million. 90% of lots were sold and records were set for the following artists, amongst others: Alvin Langdon Coburn, August Sander, Tina Modotti, Julia Margaret Cameron, Lee Miller, Walker Evans and Martin Munkácsi. Proceeds from the sale will be given to the Joy of Giving Something Foundation, a not-for-profit organisation dedicated to the photographic arts. The most expensive work of the sale was Alvin Langdon Coburn’s Shadows and Reflections, Venice, which sold for $965,000 to a private American buyer.
“With eight prices over $500,000 and numerous records set, the auction demonstrated the enormous appetite among a broad base of collectors for top-tier photographs from the 19th and early-20th centuries,” said Christopher Mahoney, Head of Sotheby’s Photographs Department.