In her new column, Lindsay Pollock examines how prices at auction can remain high despite the downturn. The reign of Alberto Giacometti’s emaciated Walking Man I as the world’s priciest trophy at auction is likely to be short-lived. The six-foot tall bronze, which fetched an outsized $104.3m in February at Sotheby’s, London, is expected to be overtaken by a painting of Picasso’s lusty, lilac-hued mistress, Marie-Thérèse Walter, coming up for sale on 4 May at Christie’s, New York.

 

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