05-05-2010, 03:47 AM
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Industry Role:
Join Date: May 2003
Posts: 12,479
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Picasso painting sells for a record $106.5 Million
Quote:
A painting that Picasso created in a single day in March 1932, ?Nu au Plateau de Sculpteur (Nude, Green Leaves and Bust),? sold for $106.5 million, a world record auction price for a work of art, at Christie?s Tuesday night. The painting, more than 5 feet by 4 feet, shows Picasso?s mistress Marie-Thérèse Walter, both reclining and as a bust. Picasso?s profile can be discerned in the blue background.
The painting broke the record price for a work of art set in February when a Giacometti sculpture, ?Walking Man I,? was sold for $104.3 million at Sotheby?s in London. Bidding for the Picasso lasted 8 minutes and 6 seconds; there were six bidders. Nicholas Hall, an expert at Christie?s, took the winning bid by telephone. He declined to say who he was bidding for.
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Full Article
The painting:
Serious business. 
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