The Stravinsky archives today once again rang up a "no sale," as negotiations here to sell the collection collapsed, sources said.

It had been expected that the high bidder for the collection--some 225 of composer Igor Stravinsky's working manuscripts for many of his most famous compositions, a number of manuscripts of works never publicly performed and thousands of letters and other documents--would be announced at a "final" presale meeting in Manhattan this afternoon.

Attorneys representing the majority of the archives' owners said after the meeting that no decision on what to do with the collection, which has been scheduled to be sold several times in the past, had been reached. They declined further comment.

This morning there were two known bids: a Swiss Foundation controlled by Paul Sacher had offered approximately $4.1 million and an American industrialist who promised to lend the collection to Manhattan's Pierpont Morgan Library had offered $3.75 million. Final bidding was scheduled for 2 p.m.

Offers for the collection have more than doubled in the last year. In May 1982, the only two bidders for the collection were the University of California at Los Angeles, which bid $1.5 million, and the University of Texas at Austin, which bid $2 million. The collection is estimated to be worth at least $10 million.

The heirs, however, have made it clear that they would accept a lower price in order to have the collection preserved as a unit for the use of scholars and the public.

According to spokesmen for the heirs, if the archives are sold to a nonprofit educational organization in the United States, the heirs will be able to take as a tax deduction an amount equal to the difference between the archives' fair-market value and the lower cash price they expect to receive from an institutional buyer.