A fairy tale told by a naughty girl

In February 2006, a copy of Steichen’s early pictorialist photograph, The Pond-Moonlight (1904), sold for what was then the highest price ever paid for a photograph at auction, U.S. $2.9 million. (See List of most expensive photographs). Steichen took the photograph in Mamaroneck, New York near the home of his friend, art critic Charles Caffin. The photo features a wooded area and pond, with moonlight appearing between the trees and reflecting on the pond. While the print appears to be a color photograph, the first true color photographic process, the autochrome process, was not available until 1907. Steichen created the impression of color by manually applying layers of light-sensitive gums to the paper. In 1904, only a few photographers were using this experimental approach. Only three known versions of the Pond-Moonlight are still in existence and, as a result of the hand-layering of the gums, each is unique. In addition to the auctioned print, the other two versions are held in museum collections. The extraordinary sale price of the print is, in part, attributable to its one-of-a-kind character and to its rarity.[8]

(via Edward Steichen - Wikipedia, the free encyclopedia)