Magnum’s Photography Collection Sold To Dell for 100 Milli

02.04.10 Marina Galperina


As likely the biggest photography transaction to date (or in the future), computer tycoon Michael Dell’s purchase of the Magnum Photo Agency’s collection of 180,000+ historic press prints is rumored to have cost his private investment company MSD Capital $100 million. The last great collection of master photojournalism preserves the historical spectrum from D-Day to the civil rights movement to Sinatra to Ghandi and the rest, all in precious analog photography.

Currently, all major archives are being digitized and their originals are selling faster than canned food and condoms in the recession. As for Magnum’s own recent decline in business, The New York Times blames it on “the world of camera-phone images, bloggers and inexpensive photojournalism flooding the Internet.” Duh.