Was There Any Question There’s Still A Market For Picasso?

“A five-foot-tall Picasso was sold by a victim of Bernard Madoff’s Ponzi scheme last night at Christie’s International for $14.6 million, easing the mood from the day before at Sotheby’s, when one of the painter’s works flopped. … The star lot lifted the total to $102.8 million,” but the sale’s “tally was still Christie’s lowest for Impressionist and modern art in New York since 2004.”