Showing posts with label Twentieth century master. Show all posts
Showing posts with label Twentieth century master. Show all posts

Friday, May 15, 2015

$179 million For a Picasso as Painting Shatters Record at Christie’s Auctions



I am glad to let you know that the great twentieth century master is in the news again! An all time record was recently recorded at the world famous Christie’s at the latest art auction that took place. This is clearly the highest amount ever realised at any auction of a painting or any form of artwork. Exactly $179.4 million is the record value fetched by Pablo Picasso’s masterpiece titled ‘Les Femmes d’Alger, Version O’.

'Les Femmes d’Alger, Version O' by Picasso

A telephone bid made by an unidentified buyer was how the artwork was carted away, beating the last record which had stood since 2013, of the $142.2 million which was paid for the work of Francis Bacon’s triptych “Three Studies of Lucien Freud”. This was in the month of November, 2013.

During the recent auctions at Christie’s, the sale of Pablo Picasso’s painting was the peak of the event on that day. In the same day at the auctions, an all time bumper sale was also recorded in that some of the world’s wealthiest people who are chasing scarce masterpieces did not fail to cart away so much, resulting in the total gross of $706 million worth of art in just one evening! 

All in Your Eyes