May 6, 2009

Last nights results from Sotheby's, regarding 'La Chat' which I had made mention of yesterday:

The other big-ticket item — and another casualty of the evening — was “The Cat,” a bronze sculpture by Alberto Giacometti. Made in 1951 and cast in 1959 in an edition of eight, it was expected to bring $16 million to $24 million, but aside from two bottom feeders, nobody wanted to take the cat home. As with the Picasso, the auction house had tried unsuccessfully to sell the sculpture privately for a higher price than the estimate earlier this year.

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