Update: Yves Saint Laurent auction fetches record £184 million
Despite a miserable economy, that historical Yves Saint Laurent auction has broken records, by fetching up to £184 million for charity. Bidders at the Grand Palais in Paris dipped into their wallets to buy pieces from the art collection of the late designer and his partner, Pierre Bergé.
It is believed that more than a thousand collectors and their agents went hammer-to-hammer over valuable works by Matisse, Mondrian, Braque and de Chirico.
Following YSL's death last year, Bergé decided to auction off the 731 pieces, with proceeds to go towards AIDS medical research and the Bergé-Saint Laurent Foundation.