The $4.3 million photo

Another factor appears to be the piece’s rarity. “Of the edition of six, three are in public museums (Moma, Tate, Pinakothek der Moderne, Munich), one is with a private museum (Glenstone, Potomac) and only two are left in private collections, of which this is one. In other words this is almost as rare as a one-off painting,” says Outred.

A gallery professional, who asked not to be named for concern over adverse professional repercussions, thinks the price is a bit of a farce. He says he’s noticed a growing trend where photographers are working hard to re-brand themselves as “artists” so they can sell their pieces in the higher-priced fine art markets that don’t traditionally trade in photography. This sale, he said, smacks of that change.