>I think it's a pretty basic law of supply and demand: increase supply and value goes down. Aren't you assuming photos are fungible? Smartphones have made "sn

>I think it's a pretty basic law of supply and demand: increase supply and value goes down. Aren't you assuming photos are fungible? Smartphones have made "snapshot" photography more accessible than ever, and killed the basic 35mm camera market, sure. But most people never paid for anyone else's photos anyway, and they weren't going to start now. With exception of weddings. There are a ton more photos taken now than there were pre-digital days, but as far as I can see the market for photos-as-art seems about the same as it was. This of course makes them a much smaller percentage of all photos taken, but most photos taken have a marginal value of zero anyway, always have (at least on an open market, where sentimental value isn't valued).