Picasso scores world record art price

  • May 04, 2010 20:03

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Picasso’s 1932 painting “Nu au Plateau de Sculpteur (Nude, Green Leaves and Bust).”
Estate of Pablo Picasso/Artists Rights Society,...

Pablo Picasso’s “Nude, Green Leaves and Bust” garnered $106.5 million Tuesday night at Christie’s International in New York, the highest amount ever paid for an artwork at auction.

The coveted painting, from a series of Picasso's mistress Marie-Therese Walter, usurped the $104.2 million record set at Sotheby’s in New York in 2004 for a 1905 Picasso painting, “Garcon a la Pipe.”

Estimated at $70 million to $90 million, the Picasso came from the collection of Los Angeles philanthropist Frances Brody. An anonymous telephone bidder prevailed as the buyer.

Read more at Bloomberg


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