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Picasso to Giacometti Lead Sotheby’s $322 Million Auction

Trophy works by Henri Matisse, Alberto Giacometti and Pablo Picasso will lead Sotheby’s Impressionist and modern art sale in New York next month.

Estimated by the auction house to bring $220.6 million to $321.5 million, the 72-lot evening sale on May 7 has the second-highest presale target for the category at Sotheby’s in more than five years. The top tally came in May 2012, when Edvard Munch’s “The Scream” sold for $119.9 million, an auction record for any artist at the time, and $330.6 million was generated.