Picasso painting sells for record $179.4 million at NY auction

By REUTERS
May 12, 2015 03:24




A Picasso painting smashed the record for the most expensive artwork ever sold at auction on Monday when it soared to $179.4 million at Christie's.

The auction house had estimated the 1955 cubist oil "Les femmes d'Alger (Version "O")" would sell for about $140 million, but several bidders competing via telephone drove the winning bid to $160 million, for a final price of $179,365,000 including Christie's commission of just over 12 percent.

Previously the most expensive work sold at auction was Francis Bacon's triptych "Three Studies of Lucian Freud," which sold for $142.4 million at Christie's in November 2013.


Related Content

Breaking news
February 19, 2018
Wreckage of an Iranian plane was found in central Iran

By REUTERS

Israel Weather
  • 8 - 18
    Beer Sheva
    10 - 18
    Tel Aviv - Yafo
  • 8 - 13
    Jerusalem
    11 - 16
    Haifa
  • 13 - 23
    Elat
    10 - 20
    Tiberias