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Da Vinci-Linked `Horse and Rider' Flops at Auction in New York

  • Guernsey’s estimated it would fetch as much as $50 million
  • Art scholars have disagreed about the sculpture’s authenticity
"Horse and Rider" by Da Vinci
"Horse and Rider" by Da VinciSource: Guernsey’s

A bronze sculpture said to be linked to Leonardo da Vinci was expected to fetch as much as $50 million when it hit the auction block. But it took less than a minute for the price to drop below $10 million, and still no bids came.

“Horse and Rider,” an 11-inch statue depicting a nobleman on a bucking horse, failed to find a buyer among the 15 people who gathered Wednesday in a ballroom at the Pierre hotel in New York.