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MORNING REPORT

Art

November 12, 1992|ALEENE MacMINN | Arts and entertainment reports from The Times, national and international news services and the nation's press

Season Opener: In the first sale of the fall auction season, a Henri Matisse portrait sold for $11 million at Sotheby's Tuesday. However, art dealers and private collectors felt that sale did little to lift the severely depressed art market as 31 of the 66 paintings and sculptures offered failed to sell, including several other Matisses and a couple of Pablo Picasso canvases. Matisse's "L'Asie," a large-scale portrait of a female model, was sold to a New York dealer for the Kimbell Art Museum in Ft. Worth.

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