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Picasso sets new art auction record: $106.5 mn
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DPA | 05 May, 2010
A 1932 painting by Pablo Picasso sold Tuesday night in New York for $106.5 million, a new world record auction price for a work of art, the Christie's auction house announced.
The oil painting, Nu au Plateau de Sculpteur (Nude, Green Leaves and Bust), has Marie-Therese Walter, the artist's mistress in reclining and also in a bust. Picasso included his own profile in the blue background.
The winning bid came by telephone from an anonymous buyer. The price had been estimated at $70 million to $90 million before the sale, and bidding began at $58 million.
The auction price topped the record set in February of $104.3 million for a Giacometti sculpture. That work, titled Walking Man I, sold in London at Sotheby's auction house.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
84.35
|
82.60 |
UK Pound
|
106.35
|
102.90 |
Euro
|
92.50
|
89.35 |
| Japanese
Yen |
55.05 |
53.40 |
| As on 12 Oct, 2024 |
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