Picasso painting sets new auction record

The “world’s most expensive artist” title went back to Pablo Picasso, after one of his art works sold for $106.5 million at an auction on Tuesday. CONTINUE READING BELOW.

Posted by Labelle Bitalac on May 5th, 2010 and filed under Bookmarked, Outrageous. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Picasso painting sets new auction record
 

The “world’s most expensive artist” title went back to Pablo Picasso, after one of his artworks sold for $106.5 million at an auction on Tuesday.

Picasso’s 1932 painting, called “Nude, Green Leaves, and Bust,” smashed a world auction sale record made three months ago, as a telephone buyer called in to purchase his work for a record-breaking price.

Christie’s New York, the auction house, decided to keep the identity of the owner a secret. The bidding for this particular artwork lasted for nine minutes.

“Nude, Green Leaves, and Bust” features Picasso’s profile hovering over his mistress, Marie-Therese Walter, who is in a reclining position. It is painted in greens, blues and pinks, and is among the most valuable private collection of modern art in the United States.

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