| Big Payments Are Expected in Credit Default Swaps The government’s takeover of Fannie Mae and Freddie Mac may lead to one of the largest ever payments in the credit default swap market, analysts said. nytimes.com |
In ‘a Recalibrated Market,’ Auction Buyers Take Over A contemporary art auction at Sotheby’s brought in $47 million, about half of what one work fetched last year. nytimes.com |
$431,000 Paid for Envelope and Its Stamp An envelope from an 1873 letter bearing a scarce 90-cent stamp picturing Abraham Lincoln fetched more than $431,000 at an auction in New York City on Saturday. nytimes.com |
If the Picasso Was Out of Reach, Maybe Its Former Home Will Do Picasso’s “Nu au Plateau de Sculpteur” sold for a record-breaking $106.5 millions, but the home of the art patrons who owned it is still available, for $24.95 million. nytimes.com |
An Auction Brings to Light a French Collector With an Eye for Ignored Beauty The unique antique bronze and iron objects of Michel Rullier went on sale in Paris. Mr. Rullier was born into a family with a long tradition of collecting art in the private manner of the French bourgeoisie. nytimes.com |