Damien Hirst Francis Bacon Jean-Michel Basquiat Matthew Barney Martin Kippenberger Giorgio Morandi Banksy Alberto Burri

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Graffiti works by Banksy and lower-priced Western art by Gerhard Richter, Matthew Barney, and Italian artists Giorgio Morandi and Alberto Burri sold at or above estimates at Sotheby’s yesterday.

Insecurity in financial markets is causing buyers to reconsider blue-chip purchases. “It's one thing buying a painting for 50,000 pounds,'' said London-based dealer Carlo Berardi. “It's another thing paying 2 million pounds.”