“In the middle of December two trailer trucks left New York City bound for Austin, Tex., packed with a precious and unusual cargo: the entire collection of pictures amassed over more than half a century by the Magnum photo cooperative, whose members have been among the world’s most distinguished photojournalists.

[T]he archive was quietly sold to MSD Capital, the private investment firm for the family of Michael S. Dell, the computer tycoon. And the new owners have reached an agreement with the Harry Ransom Center at the University of Texas at Austin to place it there, for study and exhibition, for at least the next five years. It will be the first time that the archive, which for the last several years had been crowded onto shelves at Magnum’s modest offices on West 25th Street, will be accessible to scholars and the public.”

Visit MagnumPhotos.com. Learn more about the Magnum Photos cooperative on Wikipedia.