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YSL AUCTION FETCH $380M

YSL AUCTION FETCH $380M

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Defying the credit crunch, dealers and the very rich snapped up treasures from Yves Saint Laurent’s stunning art collection for millions today.

We have mentioned this incredible auction last month on OhLaLa [YSL Ultimate Collection Auction]

As the three-day “sale of the century” wound up for its finale, the hundreds of well-heeled bidders packed in the spectacular glass-domed Grand Palais exhibition hall sent prices for old masters, silver antiques and Art Deco gems rocketing.

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On the opening night, the auction broke seven world records for contemporary artists including Matisse, Mondrian, Klee and Brancusi and smashed the world record for a private art sale with 206 million euros (261 million dollars) worth of bids. Most of the items came from the apartment on Paris’s Left Bank where Saint Laurent and Berge lived for decades.

The proceeds are to help create a new foundation for Aids research.

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