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People are ready to spend a lot of money and -- the only question is how much are buyers truly back in town.
Art buyers look at this painting.
It's on sale experts in the art world expected the piece by Picasso.
To shatter the record for a work of art sold when it hits the auction block tonight.
And in New York the Picasso is just one of many high end pieces that make up one of the most valuable single owner collections ever seen at auction.
Conor Jordan is head of Christie's impressionist and modern art department.
He joins us now kind of great to see you thanks for being here and -- me first and foremost we're gonna talk about the money but for most of us what's exciting is a lot of this art.
Has been hidden away in private collections and most of us haven't seen it for a long time so it's it's going to be very exciting to see some of these.
Works exactly thrill moment to have a group of pictures -- becomes -- -- today for decades and the -- connection which is this the cornerstone of -- sale this evening.
And in most cases it looks aborted 19151955.
And haven't been seen since -- real thrill for collective tell us about the Brody collection the -- -- of that sentence of and sitting in -- -- Brody will book by as in the times and is in the late 1940s in the 1950s they built a beautiful -- his home and -- the hills.
And they finished it with the most wonderful -- And they whenever gracious five people very carefully -- what people was always of the highest quality.
By the way there's a more familiar name Michael Crichton collection as well tell us about that exactly -- delighted to be saying next week at pictures and sculpture from the collection of Michael Crichton he again was it was it was a great connoisseur of often.
A friend to many on his side -- -- you know.
And -- loses this by the way the Jasper Johns at that belongs to Michael Crichton.
And people he -- it from just don't it was a friend of his in -- the -- -- -- how much do you expect this to go for.
We're estimating the -- -- at 1015 million dollars it's the cost so that everybody wants to watch because it may set that record what are you starting the bidding -- Well we.
Estimating in the region of seventy to ninety million dollars.
And it's been -- hugely popular picture with with.
Our clients worldwide for the way what you're did dip because -- -- that he -- -- in March 1932.
-- -- one of the crowning -- is exactly of a series fugitive is -- is the mistresses of the time night threats and you've got the Jack commodities well.
Exactly -- we have three wonderful Jack committees in the -- connection there's there's a Bankrate bust of his brother Diego and a cast.
And then in the very -- in his cell which forest -- as the -- -- of my mom mr.
committee constant of how much 2009 with a very volatile year for our sales because the fear was still there.
This year we jumped up above Dow 111000 but on a day like this -- the market is running 254 points in their worries about international problems such as Greece.
Spain and Portugal what are your expectations for the sale.
But we've always -- -- collectors at the top level had can ride out the mood fluctuations day to day fluctuations in the market and certainly all the priests so.
Indications we've been given a -- conversations -- -- has been that they're looking forward this evening and looking -- to acquiring some great books about.
Either way even though we you think of this is an investment you should always by not on the basis of the investment value but what you love hope they'll always always -- you must that must be the first prince will be offering from.
And it pays you know David -- much on the war other than its PC.
So as long as you appreciate it that's that that's the bottom line in terms of cost.
I don't suppose you're selling any dogs playing poker are you.
No I -- this mess up on a black velvet is a member with just a beautiful scene exactly -- -- good luck tonight thank you are much today Conor Jordan of Christie's.
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