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Sotheby's set a new record for a Blue Period Picasso with a double-sided erotic portrait at Thursday's $300 million-plus auction of Impressionist and modern art.Making steady if unspectacular prices, just over three-quarters of the 47 works on offer found buyers, with the $306.7 million total including commission comfortably beating the $275 million low pre-sale estimate.Estimates do not include commission of just over 12 percent.That auction made $377 million, barely making its low estimate.David Norman, Shaw's partner, said that with expanding markets like those of the past five years, estimates tend to lag behind rising prices.
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