Found this via FiNTAG. Thanks, as always.
There is a much larger story here, obviously, and that is the mad chase for investment returns in presumably non-correlated and less-discovered asset classes. That's all good and fine, as absurd as it all seems to me. Too much money chasing too few worthwhile investments.
Now, the thing that I wonder when I read this is why not just take this collection of photographs - clearly very valuable photographs - and securitize them based on the earnings from licensing? It could be exclusive licensing, or per-use, and could keep the spirit of the artist intact while at the same time benefiting the estates or other owners of the collection on an ongoing basis.
Just a thought.