In her 40-year career, her most well known piece was a photo of artist Jackson Pollock that was used as the basis for a commemorative postage stamp in 1999, the Los Angeles Times reported Friday.
She was "providing an important glimpse into our history (that) will be a lasting legacy," said Life magazine picture editor Bobbi Baker Burrows in a statement.
Holmes worked freelance for most of her life, acting as the house photographer for the American Place Theatre in New York for nearly 30 years.
"She had a very keen eye and captured a photograph at just the right moment," said Wynn Handman, the theater's artistic director. "She was always smiling, a real smile, from the inside."
She is survived by two daughters and two grandchildren.