Article: Vintage photography: the market for photographs has grown rapidly since the 1980s. For reasons that Joanna Pitman explains, twentieth-century masters are now attracting prices that used to be ascociated only with nineteenth-century works.(Collectors' Focus)

In December 1970, Diane Arbus, short of money and desperate to buy a new Pentax 6x7 camera for herself, put together a portfolio of ten photographs for sale. She made an edition of fifty, each of them printed, signed, numbered and annotated by the photographer, and presented in a clear Plexiglas box that could also work as a frame. She hoped to sell them for a thousand dollars each. A year later, Arbus committed suicide, at the age of forty-seven. Had she lived, she would have been astonished at the popularity of her work today and the prices it is fetching. In April this year, Sotheby's, New York, sold one of these portfolios, A Box of Ten Photographs, printed just after ...

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