Ibid, a stock agency launched in 1966, has announced that it will cease operations as of December 31, 2007. The company will continue to collect on any outstanding sales made prior to that date and will forward payment to photographers in the usual time frame.
Photographer Morton Shapiro, Ibid's ounder, originally set out to create a resource of high-class, totally unique images and provide the world's top creatives with the best in conceptual photography. Ibid has been at the heart of the industry for over 40 years and has aimed to offer beautiful photography at premium prices.
Joann Shapiro said, "We cannot compete with the giants that outsell us by undercutting prices and have successfully turned lower standards into the art buyer's habit and necessity. In short, we have become an anachronism; too excellent for mediocre times."