Take a look at this article, documenting some of the more interesting results of the recent impressionist, modern and surreal art auction...
http://todayentertainment.today.com/_news/2013/02/06/16863504-picasso-portrait-of-his-mistress-sells-for-45-million-at-auction?lite
and then take a look at this article, which puts a focus on estimates and their unpredictable inaccuracies
http://www.nytimes.com/2013/02/07/arts/07iht-melikian07.html?pagewanted=1&_r=0
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