Art Investment

Did Polaroid right to display his collection up for auction?

Group, headed by former Justice of the Peace Sam Joyner ( Sam Joyner), intends to challenge the court's decision on the bankruptcy of Minnesota, last August resolved to sell at public auction photos from the corporate collection of Polaroid . According to Joyner, many artists and the cartoons his company's work did not entitle her to put them on the market.

More than 1 200 photographs from the collection should appear on the New York auctions of Sotheby's, which will be held 21 and 22 June. Estimate Trade - 7,5-11,5 million dollars. Consumers will be offered work Henzel Adams (Ansel Adams), Andy Warhol (Andy Warhol), Chuck Close (Chuck Close), William Wegman (William Wegman), and many others.

Polaroid Corporation has world-renowned for producing cameras that allow to make snapshots, but with the advent of digital cameras on the market its affairs have deteriorated sharply. In the 2000's the company filed for bankruptcy twice, the last time - in 2008, in connection with the bankruptcy of parent company Petters Group Worldwide, whose manager was accused of fraud amounting to 3,65 billion dollars. In 2009, the name and assets of Polaroid (not including the collection) were purchased for 88 million firm Hilco Consumer Capital and the liquidator Gordon Brothers Group. The meeting left the corporation, which was renamed in PBE. Now it is in the hands of the liquidators.

initiator of the collection was the founder of Polaroid, Edwin Land (Edwin Land), who gave the leading artists of film and cameras in exchange for pictures. Many of the works - for example, a collection of vintage photographs collected for Polaroid Henzel Adams, or about 400 works by Adams himself - belong to the company "fully", but some agreements with photographers give us only the right to exhibit and publish the works, but not for sale . That worries Sam Joyner and his associates. They argue that judges velevshie sell photos from the auction, have not seen all the agreements. Joyner is the duty to communicate with photographers and ask them to see again contract .

representatives of Sotheby's said that the Minnesota court decision was widely reported in American media, and no the artists did not want to appeal. Those who seek a rehearing, we could not find a picture, according to their support in this matter. According to the auction house, the authors were able to demand recognition of their work to the company's bankruptcy in 2002 and 2009. Some photographers, were not among those whose work is represented at the auction, trying to regain their creations, but the court denied them. What to put up for auction images, none of the alleged rightful owners after them did not apply and agreements supporting someone's right to a particular job, no one was presenting.

A Journalist . D. Coleman (A. D. Coleman), whose blog Photocritic International has become a forum for discussions on this topic, notes another oddity - the loss of 8 thousand photos from the collection. In 2001, the company said in the papers about the bankruptcy, that its collection is composed of 24 thousands of photographs and other works of art. And in the petition for the sale of collection from the auction, filed last year, says only about 16 thousand works.

Director of photography Denise Bethel, Sotheby's (Denise Bethel) said that they selected works have the greatest market value. She said the pictures had already asked some of the cultural institutions. "But private collectors are willing to deal in order to get the desired", - she adds.

More information about the collection of Polaroid and the prehistory of the question can read here .

Source: theartnewspaper.com , artinvestment.ru


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