What a difference a day makes? New York Art Auctions

Sotheby’s failed to sell its top Picasso and Giacometti at its NY Modern art auction.
And just 1 night later Christie’s sold Picasso's "Mousquetaire a la pipe" to a bidder in the room for $14.6 million. Christie's had sold the same work 5 years ago for $7.2 million.
At Christie's auction 42 percent of the buyers were from the United States and 44.7 percent were European, a group that includes Russians.

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