Multimillion-dollar art auction defies slumping economy (Chicago Tribune)

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Most of the fashion icon's collection is snapped up, including a Matisse for $40.1 million. It was seen as a test of whether the wealthy will shrink from prodigious purchases amid economic crisis. Beneath the cupola of a Parisian palace in the shadow of a worldwide economic crisis, the world's top art buyers gathered Monday for a historic auction: the sale of 733 pieces of art owned by the ...

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