Frank Espada
· Aqueduct Race Track (Reading the Racing Sheets) · Vintage silver print · 1959About Us
Paul M. Hertzmann, Inc. has been a leading dealer in vintage photographs for over fifty years. Based in San Francisco, we specialize in 20th-century modernism, the f.64 group, photojournalism, and American landscape photography. Our inventory spans rare prints, exceptional albums, and works by the most significant photographers of the 19th and 20th centuries.
Susan Herzig and Paul Hertzmann bring decades of expertise and passion to each acquisition and sale, working with collectors, institutions, and estates worldwide.
Explore the Collection →Years of Excellence
Since the early 1970s, we have been at the forefront of the vintage photograph market, building relationships with collectors and institutions that span generations. Our commitment to quality, scholarship, and integrity has made us a trusted name in the field.
Services
For Collectors
Whether you are building a collection or seeking a single important work, we offer expert guidance, authentication research, and access to an extensive inventory of vintage photographs. We work closely with collectors at every level.
View Collection →For Sellers
We actively purchase individual photographs and entire collections, offering fair market valuations and discreet, professional transactions. If you have photographs to sell, we welcome the opportunity to discuss your holdings.
Contact Us →Discover Our Collection
Browse our curated selection of vintage photographs, from 19th-century masterworks to 20th-century modernist prints.

![Untitled [Broken Window and Brick Wall]](https://pub-d93506000d8c417c9cf5f1db4df51a41.r2.dev/photos/143_718.jpg)




![Untitled [Night Clouds]](https://pub-d93506000d8c417c9cf5f1db4df51a41.r2.dev/photos/62_405.jpg)
![Orphée [Portrait of Jean Cocteau]](https://pub-d93506000d8c417c9cf5f1db4df51a41.r2.dev/photos/272_1099.jpg)



![Untitled [Dried Animal Skull in Cypress Roots]](https://pub-d93506000d8c417c9cf5f1db4df51a41.r2.dev/photos/260_266.jpg)




![Nie ! Ãno ? ĀĀĀ [!No! Yes? Yes!!!]](https://pub-d93506000d8c417c9cf5f1db4df51a41.r2.dev/photos/367_919.jpg)

![Daily Light [Self-portraits]](https://pub-d93506000d8c417c9cf5f1db4df51a41.r2.dev/photos/366_915.jpg)
![Yosemite, Bridal Veil Falls [Po-ho-no]](https://pub-d93506000d8c417c9cf5f1db4df51a41.r2.dev/photos/207_1074.jpg)
![“In Reverie.” [Emily & Lilian Ellias in Costume]](https://pub-d93506000d8c417c9cf5f1db4df51a41.r2.dev/photos/137_1171.jpg)

![Yolo Base Line, Measuring Fractional Bar at Fence Stone [George Davidson - Head of Survey Seated in Foreground]](https://pub-d93506000d8c417c9cf5f1db4df51a41.r2.dev/photos/131_681.jpg)
![Untitled [Button & Thread Seller, Lower East Side, New York City]](https://pub-d93506000d8c417c9cf5f1db4df51a41.r2.dev/photos/150_277.jpg)



![Reginald Marsh [1898-1954] Drawing in His Studio](https://pub-d93506000d8c417c9cf5f1db4df51a41.r2.dev/photos/385_1035.jpg)
![View of Zōjōji Temple, Edo [Tokyo]](https://pub-d93506000d8c417c9cf5f1db4df51a41.r2.dev/photos/207_1192.jpg)



![Henry Farny [1947-1916] and Frank Duvenek [1848-1919] in the Studio, Cincinnati, Ohio](https://pub-d93506000d8c417c9cf5f1db4df51a41.r2.dev/photos/388_1064.jpg)

![Untitled [from the Midwest Landscape Series]](https://pub-d93506000d8c417c9cf5f1db4df51a41.r2.dev/photos/273_967.jpg)




