Sotheby's 175 Masterworks To Celebrate 175 Years of Photography: Property from Joy of Giving Something Foundation auction was held this week and ended up breaking a new auction record for a photography auction. The previous record was also set by Sotheby's in 2006 when a sale ended on $15 M. This sale however, surpassed that and then some when it ended on $21,325,063. The record is credited in part to the 90% sell through rate as well as many pieces selling far above their high estimate.

The sale also set records for several artists, such as Alvin Langdon Coburn whose piece Shadows and Reflections, Venice sold for a cool $965,000.

ALVIN LANGDON COBURN ‘SHADOWS AND REFLECTIONS, VENICE’. Estimate $350,000 — $500,000. Photo via Sotheby's ALVIN LANGDON COBURN. SHADOWS AND REFLECTIONS, VENICE. 1905. Estimate $350,000 — $500,000. Photo via Sotheby's

Another record was set for Tina Modotti when Workers' Parade sold for $485,000.

TINA MODOTTI. THE STADIUM, MEXICO.1927. Estimate $150,000 — $250,000. Photo via Sotheby's TINA MODOTTI. THE STADIUM, MEXICO.1927. Estimate $150,000 — $250,000. Photo via Sotheby's

Edward Weston also doubled the high estimate for  his photograph Charis, Santa Monica, which sold for $653,000.

EDWARD WESTON. Charis, Santa Monica. 1936. Estimate $200,000 — $300,000. Photo via Sotheby's EDWARD WESTON. Charis, Santa Monica. 1936. Estimate $200,000 — $300,000. Photo via Sotheby's

 

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Story via ArtNet/Sotheby's

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