Article: Magnum sells its archive to Dell
One of Henri Cartier-Bresson’s iconic photographs in the Magnum archives.
Michael Dell, founder of Dell Computer, just bought something big. Along with two other investors he purchased the entire archives of Magnum Photos, over 185,000 prints, for an undisclosed amount. Magnum Photos, founded by photographers Robert Capa and Henri Cartier-Bresson (among others) in 1947, relied for many years on the revenue generated from newspaper and magazine licensing, but as newspaper and magazines declined and the move to digital is more or less complete, their capital sunk to the point that they were forced to put their entire archive up for auction – the prints only, not licensing or resale rights.