Portrait of Angel Fernandez de Soto
, a work from the painter’s ‘blue period,’ was sold for nearly $52 million (Rs 24,068,50,264) at a London auction earlier this week. The sale price at the Christie’s auction was at the lower end of estimates.
And in a further sign of a cautious art market, one of Claude Monet’s famous
paintings failed to sell. The Picasso was sold by Andrew Lloyd-Webber to benefit his charitable foundation.