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Why This Photograph is Worth $578,500

Why This Photograph is Worth $578,500: "Last week, a collection of 36 prints by William Eggleston was sold for $5.9 million at auction.  The top ten list of most expensive photographs ever sold doesn’t contain a single work worth less than a cool million. Just a few months ago, Andreas Gursky’s ‘Rhine II’ became the world’s most expensive photograph, selling for $4.3 million.



Every time news like this reaches the Internet, the comments sections of photography blogs explode with righteous indignation. The common sentiment in these reactions seems to be that the art world is populated by rich fools buying the emperor’s new clothes. Some commenters underscore this idea by expressing how unremarkable they think the photograph in question is, or how it fails technically or esthetically. In the case of the recent Eggleston auction, the photograph ‘Memphis (Tricycle)’ that sold for $578,500 was dismissed by several commenters as a snapshot that ‘any fool with a camera could have taken’. "

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