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
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