Finance Money News

I love Picasso. If I had the money, I'd most definately be the proud owner of many of his pieces. A Picasso Cubist painting was meant to be in an auction next week, and it has been withdrawn from sale. It was expected to fetch over £19.1m at Sotheby's in New York and was the highlight of the upcoming sale.

It seems that many autumn auctions have failed to meet expectations and seem to be struggling amidst the current economic downturn. With less money flying around, and the art market being a confidence-based one, it's no surprise.

I'd buy something like the Picasso auction piece in a flash, I just very much doubt I will ever have the money.