A $70 M. Giacometti Bust Failed to Garner a Single Bid at Sotheby’s Modern Sale

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There were gasps and a mantle covered the entire sales hall. What was meant to be the most expensive batch of New York's spring auctions suddenly seemed like a costly mistake. Alberto Giacometti's bust of 1955, "Grand tête mince (Grand tête de Diego)", had a pre-sale estimate of over $70 million at Sotheby's modern night auction on Tuesday. The artwork was offered by the Solovev Foundation, a non-profit organization established by the real estat…

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Washington, 13 May (EFE).— No collector pushed this Tuesday for a hand-painted bronze bust by Swiss artist Alberto Giacometti, valued at $70 million, which was the most outstanding piece of Sotheby’s spring auctions. The sculpture ‘Grande tête mince’ is a tribute by Giacometti to his brother Diego and Sotheby’s described it as one of the artist’s “most formally radical, visually eye-catching and emotionally charged” works. The absence of bids by…

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'Grand's head of gold (Grand head of Diego),', a 1955 Alberto Giacometti busto was unable to reach the minimum price, damaging the beginning of the high season of lions in New York Suspiros and a slight panic took account of the living room. What was supposed to be the most expensive lot of the event marking the beginning of the high season of lions in New York, suddenly seemed a serious error. "Grand's head of gold (Grand head of Diego), a mans…