Giacometti sculpture in sealed bid auction - starting price $90mn

New York (AFP) – A sculpture by Swiss artist Alberto Giacometti is being auctioned by Sotheby’s with a reserve price of $90 million but the winning offer on Tuesday could remain secret as it is being sold by sealed bid.If “Grande femme I” sells for more than $100 million, Giacometti will equal Pablo Picasso as only the second artist with four works beyond that threshold.The nearly nine-foot (2.68 meter) bronze of a spindly female figure, cast in 1960, is part of a series of large outdoor sculptures originally intended for Chase Manhattan Plaza in New York but never installed.Under the rules of…

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HEDGE accordingly