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Tracy Frost

NEW YORK - Art Auctions: Third difficult night for Impressionist sales

Posted on November 8, 2008 at 8:44 AM.

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While Thursday's auction did see some high points, notably Juan Gris' "Livre, pipe et verres" which fetched $20.8 million, beating its high estimate and breaking the artist's record, Burge said the outcome was "obviously a reduced level, and we have to recognize that." Christie's sale moved 56 percent of the 82 lots on offer, falling some $100 million short of its low pre-sale estimate.

Third wobbly night for Impressionist art auctions (Reuters)

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