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Sotheby's Sale Busts, Picasso Goes Unsold

$61.3M result fails to reach low estimate

By Jason Farago,  Newser Staff

Posted May 6, 2009 6:45 AM CDT

(Newser) – The art market failed to recover from its recent slump last night, as Sotheby's held a disappointing New York sale that saw works by Picasso and Giacometti go unsold. The small auction of 36 lots brought in just $61.3 million—well below the low...   Read full story »

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