The embodiment of the invention provides a method for reconstructing a three-dimensional model of high dynamic range texture, comprising the following steps: adopting shooting devices arranged in a grouped encircling array mode to shoot multi-viewpoint and multiple exposed images and/or videos; restoring response curves of the shooting devices; performing exposure alignment on the images shot at different exposure time so as to restore the three-dimensional model based on the response curves of the devices; and restoring high dynamic texture information by calculating color information of each vertex of a grid. The embodiment of the invention also discloses a device for reconstructing the three-dimensional model of high dynamic range texture, which is composed of an acquisition module, a response curve restoring module, an exposure alignment module and a reconstructing module. The method and the device for reconstructing the three-dimensional model of high dynamic range texture can realize multi-viewpoint stereo reconstruction for the three-dimensional model of high dynamic range under the premise of not lowering geometric reconstruction precision of the model without additionallyupdating the hardware equipment.