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The sale had been the first of its type in London to have three works estimated at more than £10m.
On Tuesday, Sotheby's cobbled together a sale with just 36 works, estimated to bring at least $81.5 million.
Failure struck a series of works estimated at levels that neither artistic achievement nor their perceived importance justified.
He was selling a Jasper Johns watercolor, "Corpse and Mirror" (1975-76), ofe of Mr. Johns's well-known crosshatched works, estimated at $2 million to $3 million.
He and his wife, Debra, a theatre producer, are considered among the most serious collectors in the business with a portfolio of works estimated to be worth about $750m.
For example, the Jerry Perenchio collection promised to LACMA last November--which includes at least 47 Impressionist and early modernist works estimated to be worth 500 million dollars--comes only with the condition that the new building is constructed.
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For example July 23, during the next attack along with flowers, flags and photos 3 large graphic portrait of Nemtsov were stolen, I wrote a statement to the police about the theft of my works, estimating the damage in 9000$.
Christie's, the auction house selling the work, estimated that the piece would sell for $12 million to $16 million.
Mr. Cohen acquired the work, estimated to sell for $7 million to $10 million, from the Matthew Marks Gallery in Manhattan for an undisclosed price.
The most likely reason for the theft of a work estimated at £3m was that it was melted down for scrap for about £1,500.
Four bidders tried hard to buy the work, estimated at $800,000 to $1.2 million, and it finally sold to an unidentified telephone bidder for $1.7 million.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com