Sotheby's sale of
Impressionist and Modern art held on May 16, 2017 in New York only yielded 173
million USD after its major lot by Egon Schiele was withdrawn.
Collectors mainly
chose top bid on sophisticated pieces, such as a Max Ernst sculpture which sold
for 14 million USD but there were not enough lots to raise their enthusiasm.
However Sotheby's managed to earn at least 15 million in gross profit from that
sale.
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