Impressionist and Contemporary art auctions at Christie's and Sotheby's in the past week have been offering some big names on the auction block. When it comes to 20th century art, however, some would scoff at the eight-figure bidding prices. Some of the wackier works' sales exceeded their expected, hefty price tags, while paintings by famed artists, like Vincent Van Gogh and Picasso, didn't sell.
Art skeptics may have taken issue with the estimated selling price of two works by artist Jeff Koons. Sotheby's auctioned off his "Hanging Heart (Magenta/Gold)," 1994-2006, pictured at left, which was estimated to fetch $15 to $20 million at last night's sale. Not only did it meet expectations, but it sold for $23.6 million.
Check out other auction winners and losers. (Sothebys)