Weren't they purchased from the bank after the studio was foreclosed on by the mayor for 5$? How can it be anyone else's property after that?
The whole story just reeks of greed to me. My personal opinion is that the photos should be in the public domain.
America's copyright system is so broken and stupid, it's pathetic.
Well, the mayor that bought it, did before such law. His rights to the photos should be considered according to the law that was "available" at the time.