Christie's misfires on £37m Impressionist and Modern art sale

The Christie's Impressionist and Modern Art auction last night raised £37.1m, missing its low estimate of £37.8m - £51.7m, due to difficulties pricing the mid-range works.

At the evening auction last night in Mayfair's Kings Street, the auction room was packed but there was lacklustre bidding on the works valued between £300,000 and £600,000.

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