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By Times Staff Writer
Published December 16, 2007
They came, they looked, but in the end, no one bid for a Pablo Picasso etching up for auction on eBay for $416,617.
Tom Finkbiner, owner of the iSoldit store in St. Petersburg that was handling the sale, said Saturday the item received 760 hits by the time the auction ended at 10:33 a.m. Another 28 "watchers" bookmarked it.
"We're encouraged by the interest, that's for sure," he said.
The seller, a St. Petersburg woman who Finkbiner said wanted to remain anonymous, will likely repost the item in January. She owns other, less expensive Picasso etchings and may try to sell them as well, he said. Several people inquired about the Picasso, asking if the seller would take a lower price.
Although bidding for the etching started at $416,617, the undisclosed reserve price - the minimum the seller would accept - was significantly higher.
If sold, the item would have been the most expensive sold at a bay area iSoldit store, which sells items on eBay for a cut of the sale price. Finkbiner owns iSoldit stores in St. Petersburg, Tampa and Sarasota.
The winning bidder would have had 10 days to verify the authenticity of the etching before proceeding with the sale. The seller reportedly bought the etching in 1981 at an estate sale in Los Angeles.
[Last modified December 15, 2007, 23:12:04]