Art Market
In 2012, three dozen of Eggleston's larger-format prints – 40 by 66 inches instead of the original format of 16 by 20 inches – sold for $5.9 million in an auction at Christie’s to benefit the Eggleston Artistic Trust, an organization dedicated to the preservation of the artist’s work. New York art collector Jonathan Sobel subsequently filed a lawsuit in U.S. District Court against Eggleston, alleging that the artist's decision to print and sell oversized versions of some of his famous images in an auction has diluted the rarity—and therefore the resale value—of the originals.
Read more about this topic: William Eggleston
Famous quotes containing the words art and/or market:
“The well-educated young woman of 1950 will blend art and sciences in a way we do not dream of; the science will steady the art and the art will give charm to the science. This young woman will marry—yes, indeed, but she will take her pick of men, who will by that time have begun to realize what sort of men it behooves them to be.”
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