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Thursday, May 6, 2010

picasso Paintaings sold for $106.5 Million...!

Pablo Picasso’s sinuous 1932 lilac-hued painting of his mistress, “Nude, Green Leaves and Bust,” fetched $106.5 million tonight at Christie’s International in New York, the highest amount ever paid for an artwork at auction.

The price surpassed the $104.2 million record set at Sotheby’s in New York in 2004 for a 1905 Picasso painting, “Garcon a la Pipe.” And it exceeded the 65 million pounds, or $103.4 million, achieved for Giacometti’s “Walking Man I” in February at Sotheby’s in London.

Tonight’s Picasso had been projected to fetch between $70 million and $90 million. The painting sold to an undisclosed bidder on the telephone.

The record bid came during an Impressionist and modern-art sale. The 69 lots on offer were estimated to fetch as much as $368.3 million. Sotheby’s Impressionist and modern-art sale follows tomorrow night, with a total tally estimated between $144.8 million and $208.8 million.

The Picasso features his blond mistress Marie-Therese Walter. Other works from the same series belong to the Museum of Modern Art, the Solomon R. Guggenheim Museum, casino mogul Steve Wynn and SAC Capital Advisors LP founder Steven A. Cohen. The price includes commission.

 The Mystery of PicassoPicaso Amnesty International PosterA Life of Picasso: The Triumphant Years, 1917-1932 (Vol 3)Pablo Picaso June 26 1950 Time Magazine Fabulous Beautiful Condition Professionally Matted Cover 11 X 14 Inch Size Delivered Ready For Framing


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