Despite the hit, the firm’s shares shot up 15 percent yesterday as its Impressionist and Modern art auction hinted at a rejuvenated market.
An audience of 18,000 turned out for Canada’s largest art fair, and many dealers said they were pleased with their sales.
The artist's 1966 “Standard Station (E.5)” print went for $170,000 during fierce bidding at Bonhams and Butterfields this week.
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