Chicago's Picasso statue auction fails to draw bidders

Picasso donated his design for the Daley Plaza statue to the City of Chicago, but it still cost over $350,000 in donated money to build it.

November 5, 2013 3:01:27 PM PST
The future of a smaller version of Chicago's famous Picasso statue is uncertain after it went up for auction Tuesday at Christies in New York.

It was expected to go for at least $25 million, but it failed to get even one bid.

Picasso made a miniature version before constructing the finished piece that stands in Daley Plaza.