Sotheby's Sale Predictably Slow

Unsurprisingly, there aren't so many people wanting to invest millions in pretty (or not so pretty) pictures at the moment: At Sotheby's Impressionist and modern art auction last night, only 64 percent of the lots sold. Still, it's not quite time to get the violins out: The overall tally was $223.8 million, which included $37 million for Henry Kravis's Edgar Degas ballerina pastel and $60 million for a Kazimir Malevich painting. [Bloomberg, Reuters, previously]