High-end art world escapes recession

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High-end art world escapes recession

An expert from Sotheby’s auction house gestures as he describes a 1932 painting by Pablo Picasso entitled “Femme Assise Pres d’une Fenetre” (Woman Sitting Near a Window), at Sotheby’s auction house during a Jan. 31 press preview in London. The painting was expected to sell for 25-35 million pounds (US$ 39.5-55 million, euro 29.1-40.8 million) and fetched 28.6 million pounds ($44.9 million) at auction Tuesday.

High-end art world escapes recession

An expert from Sotheby’s auction house gestures as he describes a 1932 painting by Pablo Picasso entitled “Femme Assise Pres d’une Fenetre” (Woman Sitting Near a Window), at Sotheby’s auction house during a Jan. 31 press preview in London. The painting was expected to sell for 25-35 million pounds (US$ 39.5-55 million, euro 29.1-40.8 million) and fetched 28.6 million pounds ($44.9 million) at auction Tuesday.
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