Pablo Picasso's 1932 portrait of his blonde mistress sold for $106.4 million at Christie's in New York on Tuesday, setting a new world record for most expensive work of art at auction.
The painting, "Nude, Green Leaves and Bust," sold to Christie's specialist Nick Hall, who fielded bids from an anonymous telephone bidder, according to WSJ.
Is this a consumption good, or an investment?
It really depends upon who the annonymous buyer is and the reason for the purhase.