Signs of Life at the Christie's Auction
Christie's auction of Impressionist and modern art last night was considerably more successful that the Sotheby's auction the night before last. The event raked in $102.7 million—close to double Sotheby's haul of $61.3 million—and while it's still a long way off from what Christie's was pulling in when the going was good, it's nice to hear at least one victim of Bernie Madoff got to walk away with some (much needed) cash in his pocket. Jerome Fisher, a founder of Nine West who lost an estimated $150 million as part of the Ponzi scheme, managed to sell a Picasso, "The Musketeer With a Pipe," for $14.6 million, well within the estimated range of $12-$18 million. [NYT, WSJ]