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Thursday, 29 January 2015 10:58

Works by Caravaggio and Canaletto Fail to Find Buyers at Auction

Caravaggio's 'A Boy Peeling a Fruit,' 1593. Caravaggio's 'A Boy Peeling a Fruit,' 1593. Wikipedia

Sales of Old Masters got off to a slow start as about $42 million of art from the 15th to 19th century was auctioned in New York.

Christie’s sold $36.6 million, missing its low estimate of $54 million in three sales yesterday. Of the 54 lots in its paintings sale, only 22 were sold. Sotheby’s drawings sale totaled $5.3 million, within its estimate of $4.2 million to $5.9 million.

The auctions, which continue through Jan. 30, are offering about $200 million of paintings, drawings and sculptures. The auction houses are trying to revive interest in what had been the most popular category until the 1980s, when other groups such as modern and contemporary art gained favor.

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