thesqueeze - Picasso sets world art-auction record

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Picasso sets world art-auction record

Christie's - Auction, May 4, 2010 ©courtesy of Christie's New York

Pablo Picasso’s 1932 oil painting of his young mistress, Marie-Therese Walter, sold for $106.5 million in at Christie’s, New York last night, setting the record for any artwork sold at auction.
In 1950, Nude Green Leaves, and Bust was acquired by Mr. and Mrs. Sidney Brody for $17,000 from the art dealer Paul Rosenberg. It had been exhibited in public only once in 1961, since its purchase.

Pablo Picaso, Nude Green Leaves, and Bust, Courtesy od Christie's

It had a pre-sale estimate of between $70 million and $90 million.
At the auction, eight bidders competed for the Brody Picasso, bids, which lasted eight minutes, were taken from within the saleroom and on the phone; at 7:32pm the final bid was hammered down by an anonymous telephone bid and a new world record for the most expensive artwork at auction was sealed at $106,482,500; breaking the record held by Giacometti's Walking Man I, which was sold for 104.3million dollars. (CF)

Published 05.05.2010

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