President’s untitled piece, which depicts the Manhattan skyline, barely cleared its minimum price of $5,000 at auction on Thursday – and there were only two bids

On Wednesday, a long-lost Leonardo da Vinci painting sold for $450.3m, rocking the art world and prompting hand-wringing over the soaring price of premium works.

On Thursday, that same art world was given a reality check, when a sketch by the less celebrated Donald Trump sold for just $6,875 at an auction in Los Angeles.

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