VOICED: No sale for Picasso, Giacometti at Sotheby's

The transcript discusses a Sotheby's auction in New York where high-value artworks, including a Picasso portrait and Giacometti's sculpture, failed to meet expected bids due to economic challenges. Despite spirited bidding, the art market is struggling, with fewer works for sale and lower prices. A press conference highlighted these issues, while a Christie's auction also faced similar challenges, with artworks being sold due to financial pressures from the Madoff scandal.

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