As the financial crisis pummels the art market, Christie’s is about to throw the most lavish party in auction history.On Feb. 23, auction house Christie’s International will begin a three-day sale of up to $425 million worth of art collected by the late fashion designer Yves Saint Laurent and his partner, industrialist Pierre Bergé…Christie’s Critics say the event epitomizes the excesses of the art world in an age that is no longer gilded, a Titanic-size sale designed to wow its audience into exuberant spending despite the global economic meltdown. Others say a collection of this quality surfaces only once in a generation and merits the extra attention.
By Kelly Crow, Feb. 13, 2009, WSJ

Link to article