Picasso Painting Sells for $179.4 Million; Sets Auction Record
2015-05-11 23:39:13.585 GMT
By Katya Kazakina
(Bloomberg) -- Pablo Picasso’s “Les Femmes d’Alger
(Version ‘‘O’’)” sold for $179.4 million, setting a record for
any artwork sold at auction.
The price for the painting, sold Monday at Christie’s in
New York, breaks the record held by Francis Bacon’s $142.4
million triptych since November 2013. The auction house had
valued the Picasso at $140 million, the highest presale target
of any work. The sale price includes commission.
Depicting a group of courtesans, the Picasso painting is
based on Eugene Delacroix’s work of a similar title. Picasso
explored the theme through a group of 15 paintings, designating
the versions from A to O.
The auction house’s special evening sale of 20th century
art called “Looking Forward to the Past” is continuing.
For Related News and Information:
Want to Avoid U.S. Taxes on $80 Million Warhol? Buy More Art
Art Degree Not Needed: New Sotheby’s CEO Offers Technology Savvy
To contact the reporter on this story:
Katya Kazakina in New York at +1-212-617-4837 or
kkazakina@bloomberg.net
To contact the editors responsible for this story:
Christian Baumgaertel at +1-617-210-4624 or
cbaumgaertel@bloomberg.net
Mary Romano, Josh Friedman
2015-05-11 23:39:13.585 GMT
By Katya Kazakina
(Bloomberg) -- Pablo Picasso’s “Les Femmes d’Alger
(Version ‘‘O’’)” sold for $179.4 million, setting a record for
any artwork sold at auction.
The price for the painting, sold Monday at Christie’s in
New York, breaks the record held by Francis Bacon’s $142.4
million triptych since November 2013. The auction house had
valued the Picasso at $140 million, the highest presale target
of any work. The sale price includes commission.
Depicting a group of courtesans, the Picasso painting is
based on Eugene Delacroix’s work of a similar title. Picasso
explored the theme through a group of 15 paintings, designating
the versions from A to O.
The auction house’s special evening sale of 20th century
art called “Looking Forward to the Past” is continuing.
For Related News and Information:
Want to Avoid U.S. Taxes on $80 Million Warhol? Buy More Art
Art Degree Not Needed: New Sotheby’s CEO Offers Technology Savvy
To contact the reporter on this story:
Katya Kazakina in New York at +1-212-617-4837 or
kkazakina@bloomberg.net
To contact the editors responsible for this story:
Christian Baumgaertel at +1-617-210-4624 or
cbaumgaertel@bloomberg.net
Mary Romano, Josh Friedman