London Impressionist Auction Sales Plummet 74 Percent

“A painting by Claude Monet and one by Pablo Picasso sold for 12.1 million pounds combined ($20 million) at Christie’s International in London last night as the auction market for Impressionist art contracted 74 percent. Christie’s 44-lot sale tallied 37.1 million pounds with fees, just above the low estimate of 36.85 million pounds, based on hammer prices.”