NEW YORK— Since its 1947 founding, the legendary Magnum photography co-op “has never really been in the business of making money,” says its managing director, Mark Lubell. And for much of its history, he says, it “has done a very good job of not making any." But as a result of its recent sale of nearly 200,000 prints by more than 100 photographers — including Henri Cartier-Bresson, Robert Capa, and Rene Burri — to computer billionaire Michael Dell's MSD Capital, Magnum, for the first time in its history, has a big chunk of money to spend.
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