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At New York's annual spring auction week, the world's biggest auction houses like Christy's

Sotheby's and Phillips hold some of the most important art auctions of the year,

showcasing a wide range of art including Impressionist modern and contemporary works, attracting

collectors and buyers from around the world.

On display are iconic works by legendary artists like Pablo Picasso, Claude Monet, Roy Lichtenstein

and Mark Rothko, each piece representing a distinct era and movement in art history.

The works on sale at the three major auction houses came in this year with an estimated

price range of between $1.2 billion to $1.6 billion.

The crown jewel of the season was being sold at Sotheby's, a sculptor by

Alberto Giacometti, titled Grand Tet Mons, or Large Thin Head, which Sotheby's

described as being Giacometti's masterpiece. The sculpture was conceived in 1954 and cast in

1955 in an addition of six.

The one on sale was the only one painted by Giacometti, making it the most special of the series, and entirely unique.

An unpainted cast was sold in 2010 by Christie's for $53 million, so this one was expected

to go for at least $70 million.

It was described in the catalogue as a uniquely painted bust of the artist's younger brother

Diego, who was Giacometti's lifelong companion. Now, I don't have a younger brother,

but I imagine that if I did and I had the free time, I'd make something like this too

...