Archive for February 2008

A Steal and a Half

I just have to write this. Amid typically stratospheric prices for good Picassos, someone just walked away with a real steal (that is, if you can call anything denominated in the millions a steal).  Picasso’s great neoclassical/sculptural painting, Baigneur et baigneuses (1920-21) just sold at Sotheby’s London, near its low estimate, for $5.8M. Not only that, but it had been bought in at a pre-auction estimate of $8-12M at Sotheby’s NY in 2004. I failed to see why it didn’t exceed expectations back in 2004, not to mention this time around. To my mind it is one of the nicest and most important oils of its genre still in circulation. If it looks familiar to you but you were not…

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