Sotheby's auctions off billionaire's art collection

Sotheby's kicked off New York auction season by selling $377 worth of art amassed by self-made billionaire Alfred Taubman in a slightly lackluster night that fell short of top estimates. There was strong bidding from America, Asia and Europe during the two and a half hour bidding war for 77 lots that included work by European greats Picasso, Degas, Monet and Modigliani. The American real estate mogul Taubman was a former chairman of Sotheby's, who turned the auction house around but briefly went