How the art world works for art photography?

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newnorm
newnorm Regular Member • Posts: 224
How the art world works for art photography?
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The more I browse through some galleries' collection online or auction houses, the more I see some outrageous prices on photography prints. Often, those photographers/the creator were long dead. ie, Ansel Adams, etc. I'm talking specifically about photography and not some paintings or sculptures. Still, I think the narrative is almost the same regardless of the medium.

Some photos were priced outrageously. I think when those photographers are still alive, they will never sell their prints at that price.

Anybody have opinions/experience in how the photography art world works? Please enlighten me.

https://www.dacs.org.uk/for-artists/artists-resale-right/frequently-asked-questions

edited: I just read that the family of a deceased artist will be getting the percentage as well, but only if the sales involve an auction house, a dealer, or a gallery.

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