The Pond—Moonlight is a pictorialist photograph by Edward Steichen. The photograph was made in 1904 in Mamaroneck, New York, near the home of his friend, art critic Charles Caffin. The photograph features a forest across a pond, with part of the moon appearing over the horizon in a gap in the trees. The Pond—Moonlight is an early color photograph, predating the first widespread color photography technique (the 1907 autochrome), and was created by manually applying light-sensitive gums.
Only three known versions of the Pond-Moonlight are still in existence and, as a result of the hand-layering of the gums, each is unique. In February 2006, a print of the photograph sold for US $2.9 million, at the time, the highest price ever paid for a photograph at auction.