As easy it was to see this collapse coming, we will still say told you so.
We watched the market breathless over the past several years, especially this past spring. Francis Bacon is not bring the bucks expected.
Ex -Lehman honcho Dick Fuld and his wife didn't get nearly what was expected for their recent art sale. The auction house though has guaranteed $20 million, so it has to eat the difference. Easy to see why Sotheby's stock has tanked.
http://www.telegraph.co.uk/news/worldnews/northamerica/usa/3453613/Francis-Bacon-portrait-pulled-from-sale-after-failing-to-attract-bids.html
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