She initially demanded a six-figure sum, but eventually dropped the price to $20,000 when she failed to find a buyer.
A source told MSNBC: "She thinks she's a huge star. She thinks everyone is dying to read about her, but she's lost her fan base. Her decisions are being driven by cash, not repairing her image."
Lindsay, 21, reportedly failed to sell the pictures, but made some money from her family shopping trip to New York's Armani Exchange and Intermix store on November 23.
It is claimed Lindsay tipped off the paparazzi she would be there and was paid to visit the clothing store.
The source added: "It seems like everything Lindsay does is to make money."
Last month, it was claimed the troubled star - who completed treatment in rehab for drug and alcohol addiction and served a prison sentence for DUI (driving under the influence) - is broke after blowing her $7 million fortune on drugs and partying.
Meanwhile, Lindsay has reportedly dumped boyfriend Riley.
The couple - who met at Utah's Sundance rehab clinic in August - are said to have split shortly after they returned to Los Angeles on November 25, after their Thanksgiving break.
A source said: "She made it pretty clear when they got home that it was over. She got tired of him pouting all the time.
"It was fine when they were in Utah, just the two of them. But then they returned to Los Angeles and Lindsay was shooting a movie, photographers followed them everyone, she had meetings with this agent, that publicist, this director. His ego couldn't take it."
Lindsay's friends are allegedly glad she has ditched him as they were unimpressed by the Utah snowboarder.
The source added to E! Online: "They thought he was unsophisticated and told her she should have left him in Utah with his snowboard.
"He never paid. We know Lindsay is the rich and famous one, but come on. Be the man once in a while! Pay for a round of cokes. I mean, they weren't even drinking alcohol, so how much could a round of cokes be?"
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