The Windfall

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According to The New York Times, auction houses in the US are preparing for major sales this November. Painting and photography will go on the block. Who is selling and who is buying? But, more importantly, how are these auction houses offering sellers such high guarantees? It's a world I know nothing about.

“Baroness Marion Lambert, wife of Baron Philippe Lambert, a member of a Belgian banking family, is parting with her entire collection of contemporary photographs at a smaller auction house, Phillips de Pury & Company, in collaboration with Philippe Segalot, a Manhattan dealer.”

She hopes to fetch $10 million dollars for about 300 photographs. If you have friends who are photographers, it might make sense for you to support their work by buying their prints. Just an idea.

And speaking of auctions, I am sending two of my earliest black & white prints to Delhi for an auction to benefit an eye institution called Sankara Nethralaya in Chennai. I'll post more details about that here in a couple of days.