Stock market development was in the 70s Beginning of the twentieth century was the start of numbering prints, and the first auction dedicated exclusively to photography Strobena [1] . Then in the 80s Stock market on the interest received at inflated prices collectors' items, such as paintings, sculptures. Currently collecting fashion photography prevails in Western Europe, where the cheapest work of established artists (L. Rienfenstahl, A. Kertesz) reach an average of prices from 1910 to 1925 thousand. euro. Photos of new artists and the cost of euro 800-1500. The highest prices reach a value of several million dollars. The largest value of sales in the photography market are presented in Table II.1.
| work | Author | Price | Year Sales | Additional comments |
| 99 cents II. Diptych | Andreas Gursky | 3 346 thousand. USD | 2007 | sale at auction at Sotheby's (London). |
| Pond - Moonlight | Edward Steichen | 2 928 thousand. USD | 2006 | sale at auction at Sotheby's (New York). |
| Kremlin of Tobolsk | Dmitry Medvedev | 1 750 thousand. USD | 2010 | sale at auction in Sant Petersburg. |
| Nude | Edward Weston | 1 609 thousand. USD | 2008 | sale at auction at Sotheby's (New York). |
| Georgia O'Keeffe - Hands | Alfred Stieglitz | 1 470 thousand. USD | 2006 | sale at auction at Sotheby's (New York). |
| Georgia O'Keeffe - Act | Alfred Stieglitz | 1 360 thousand. USD | 2006 | sale at auction at Sotheby's (New York). |
| Cowboy | Richard Prince | 1 248 thousand. USD | 2005 | sale at auction at Christie's (New York). |
| Nautilus | Edward Weston | 1 082 thousand. USD | 2010 | sale at auction at Sotheby's (New York). |
| century daguerreotype of poł.XIX | Philibert Girault de Prangey | 922 thousand. USD | 2003 | sale at auction at Christie's (London). |
| The Great Wave, Sete | Gustave Le Gray | 838 thousand. USD | 1999 | sale at auction at Sotheby's (London). |
| joueur d'Orgue | Eugene Atget | 686 thousand. USD | 2010 | sale at auction at Christie's (New York). |
| Andy Warhol | Robert Mapplethorpe | 643 thousand. USD | 2006 | sale at auction at Sotheby's (New York). |
Source: own work based on the following websites: http://en.wikipedia.org/wiki/List_of_most_ expensive_photograph ; http://www.worldinterestingfacts.com/art/top-10-most-expensive-photos-on-the-world-ever-sold.html ; http://www.theartwolf.com/ articles/10-most-expensive-photograp hs. html dated 29.08.2010.
Photography located in the top three most expensive picture of the world is a perfect example that the price achieved at auction decide aesthetics and the history of the image. The third most desired photography in the world - of Tobolsk Kremlin - was done by the current president of Russia Dmitry Medvedev. During one trip in 2009, President made a picture, which was brought in black and white tones and auctioned off in January 2010 in Sant Petersburg. Certainly the fact that the author of the picture is the head of state has contributed to the record reached - work was sold for 1 750 thousand. USD.
Note tendecję rising prices of the classics in the longer time horizons. In 2001, photographs by Peter Lindbergh were a lot of buyers at a price of 3.5 thousand. euro. The same work at the fair Paris Photo in 2005, prices reached 13 thousand. million, a price increase of 270% in four years [2] . A similar trend of concern included photographs of the most expensive in the world. Five years ago the work "99 cent II. Diptych "German Andreas Gursky was valued at 600 thousand. USD [3] . He is currently the world's most precious photograph worth 3 346 thousand. USD (value reached in 2007). The value of this work has grown over several years by over 450%. Associated with the brand of cigarettes work by Richard Prince, Cowboy in 2003 was worth 410 thousand. USD to New York in 2005 at Christie's auction to be sold for 1 248 thousand. USD. For the two-year time horizon profit was approximately 200%.
[1] Website http://finanse.wp.pl/kat, 104840, page, 3, title, Collect-photos-to- Aug-pays, wid, 11124599, wiadomosc_pogodz.html? ticaid = 1aca9 Collect photographs - it pays , 13.05.2009, dated 29.08.2010.
[2] K. Borowski (2008), Banking New Directions investment - the market collectibles , [in:] Alternative investments. I. Pruchnicka - Grabias (ed.), Expert Publishing CeDeWu.pl, Warszawa 2008, s.227 , s.228.
[3] K. Borowski (2008), op. cit, s.228.
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