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NEW YORK - Auctions: Christie's Impressionist Sale Falls Short

Posted on November 7, 2008 at 8:50 AM.

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French billionaire Francois Pinault attended his company Christie's International's New York auction of impressionist and modern art last night, and watched from a sky box as almost half the lots failed to sell. Buyers passed on 44 percent of the 82 pieces offered. Sales tallied $146.7 million, against the low estimate of $240.7 million.

Christie's Impressionist Sale Falls Short; 44% Fails to Sell

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