Asian collector snaps up $43m Modigliani in New York

An Asian collector splurged nearly $43 million on an Amadeo Modigliani painting in New York, scooping the top prize in an otherwise lackluster evening sale at Sotheby's that kicked off the autumn auction season. The auction house sold $377 worth of art amassed by self-made American billionaire Alfred Taubman, a former Sotheby's chairman who did jail time for price fixing in 2002. Sotheby's identified the buyer as a private Asian collector.