The van Gogh stayed. The painting owned by Elizabeth Taylor failed to reach the minimum acceptable price at a London auction, so it wasn't sold.
Bidding on "View of the Asylum and Chapel at St. Remy" started at $9.6 million and reached $11.14 million, Christie's said, but did not make the undisclosed reserve price. The auction house expected the painting to fetch $15 million to $19 million.Painted in 1889, the work depicts the asylum the artist entered after cutting off part of his ear. Vincent van Gogh killed himself the following year. The actress bought it in 1963 for about $165,000.
A Christie's spokesman said he believed the current world economic climate was partly responsible for the failure of Taylor's painting to reach the minimum price but added, "There is still a strong art market."