Tuesday, May 12, 2015

Record yield at auction for Picasso painting – Dutch Newspaper

The Women of Algiers painting by Pablo Picasso is Monday at an auction in New York for converted 160.7 million sold. Never before has so much counted down for a work by the Spanish painter.

The painting by Picasso was not the only work of art that went under the hammer. A sculpture by Alberto Giacometti was also filed an unparalleled amount: 126.6 million euros. Jussi Pylkkänen, director of Christie’s auction house, called both exceptional pieces of art work. “I’ve never been able to work with two such beautiful objects,” said Pylkkänen.

A total of 35 artworks auctioned Monday, 34 were actually sold for a total of 632 million euros.

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