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New bidders strengthen London auction

  • February 03, 2010 00:08
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Pablo Picasso. Christie's Images via Bloomberg.

A rarely-seen Pablo Picasso portrait fetched 8.1 million pounds ($12.9 million), twice the presale top estimate, in London last night as telephone bidding from Russian buyers boosted the market for 20th-century European art. Christie’s International raised 76.8 million pounds as it sold 69 of 85 lots. Russian and former Eastern Bloc buyers gave the sale a surprising boost...

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