In 1972, a year after she died by suicide (there exists a popular cliche of her being the Sylvia Plath of photographers), Arbus became the first American photographer to have photographs displayed at the Venice Biennale. Millions viewed traveling exhibitions of her work in 1972–1979. The book accompanying the exhibition, Diane Arbus: An Aperture Monograph, edited by Doon Arbus and Marvin Israel and first published in 1972 was still in print in 2006, having become the best selling photography monograph ever. Between 2003 and 2006, Arbus and her work were the subjects of another major traveling exhibition, Diane Arbus Revelations. In 2006, the motion picture Fur, starring Nicole Kidman as Arbus, presented a fictional version of her life story.
Arbus was born Diane Nemerov to David Nemerov and Gertrude Russek Nemerov, a Jewish couple who lived in New York City and owned Russek's, a famous Fifth Avenue department store. Because of her family's wealth, Arbus was insulated from the effects of the Great Depression while growing up in the 1930s. Her father became a painter after retiring from Russek's; her younger sister would become a sculptor and designer; and her older brother, Howard Nemerov, a professor of English at Washington University in St. Louis, would later become United States Poet Laureate and the father of the Americanist art historian Alexander Nemerov.
Diane's parents were not that involved in her life growing up. Due to her family's wealth, Diane and her siblings were raised by maids and governesses while her mother suffered from depression, and her father was busy with work. She separated herself from her family and her lavish childhood.
Diane Nemerov attended the Fieldston School for Ethical Culture, a prep school. In 1941, at the age of eighteen, she married her childhood sweetheart Allan Arbus, whom she had dated since age 14. Their first daughter, Doon, who would then become a writer, was born in 1945; their second daughter, Amy, who would later become a photographer, was born in 1954. Arbus and her husband worked together. After long hours in the studio, Diane would rush home to cook dinner for Allan and their two daughters. Allan was very supportive of Diane, even after she quit commercial photography and she began developing an independent relationship to photography.
Diane and Allan Arbus separated in 1959 and were divorced in 1969. However, they still remained close because of their daughters. Allan would come over for Sunday breakfast, and he continued to develop Diane's film.