No sale for Picasso, Giacometti works at auction

By JPOST.COM STAFF
A Picasso painting and a Giacometti sculpture went unsold as the spring auction season got off to a muted start. A Pablo Picasso painting from 1938, a portrait of his daughter Maya, "The Daughter of the Artist at Two-and-a-half Years with a Boat," had been expected to fetch between 16 and 24 million dollars, but failed to reach the minimum bid of 12.5 million said Tobias Meyer, vice president of the auction house. Alberto Giacometti's sculpture "The Cat," considered one of the Swiss-born sculptor's finest works, failed to clear the threshold of slightly more than 14 million dollars sought by the seller. Like the Picasso painting, "The Cat" had been expected to fetch between 16 and 24 million dollars.