Epstein File EFTA00643178: Christie's and Sotheby's (DS9)

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Epstein File EFTA00643178: Christie's and Sotheby's (DS9)

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This document provides detailed information about a Picasso painting sold through Christie's London on February 2, 2010, for $12,927,874 (hammer price $11,484,000), approximately six months after the artist's death. It also compares 2009 auction revenue declines at Christie's (46%) and Sotheby's (53%), and documents negotiations where an estate rejected Sotheby's $3 million offer and agreed to sell through Christie's for a minimum of $4.8 million plus 60 percent of amounts above that threshold.

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Christie's Sotheby's painting

📋 Key Excerpts6

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Excerpt 1

On February 2, 2010, only six months after the date of death, **Christie's** London sold the painting at auction for $12,927,874 (an $11,484,000 "hammer price

Excerpt 2

In 2009 Sotheby's and **Christie's**, the top artwork auction houses, experienced auction revenue decreases of 53% and 46%, respectively.

Excerpt 3

The Estate rejected Sotheby's offer and entered into an agreement to sell the Picasso through **Christie's** for a minimum price of $4.8 million, plus 60 percent