Will Lot 5 Henri Matisse’s “La Serpentine” sell for 10m or more?

This market refers to Sotheby’s “Leonard A. Lauder, Collector | Evening Auction” scheduled for 18 November 2025 at 18:00 EST in New York (see: https://www.sothebys.com/en/buy/auction/2025/leonard-a-lauder-collector-evening-auction). This market will resolve to "Yes" if La Serpentine by Henri Matisse (Lot 5) sells for USD 10,000,000 or more. Otherwise, this market will resolve to "No". If the artwork is not sold during Sotheby’s “Leonard A. Lauder, Collector | Evening Auction,” this market will resolve to "No". The resolution source for this market is the hammer price, as based on the official information from Sotheby’s, for example, on https://www.sothebys.com/en/buy/auction/2025/leonard-a-lauder-collector-evening-auction?locale=en&lotFilter=AllLots.