Friday, May 15, 2015

Thank You Janet Yellen: A Picasso Sells for $179 Million



Pablo Picasso’s 1955 painting Les femmes d’Alger (Version ‘O’) sold for  $179.4 million in a Christie’s auction eartlier this week in New York, the highest price ever paid for an artwork at auction.

The painting was last sold in 1997 to tonight’s seller for $31.9 million.

The purchase price bests a $142 million record set in 2013 for a Francis Bacon triptych.

 -RW

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