A new record: Picasso’s Women of Algiers becomes the most expensive painting ever

A new record: Picasso’s Women of Algiers becomes the most expensive painting ever

At Christie’s in New York, Picasso’s Women of Algiers was sold for $179.3m. It has become the most pricy painting sold at auction. The duration of bidding was just 11 minutes…

At Christie’s in New York, Picasso’s Women of Algiers was sold for $179.3m. It has become the most pricy painting sold at auction. 

The duration of bidding was just 11 minutes. It was prolonged and telephone buyers introduced the final price. It was bigger that the pre-sale estimate of $140m.

Pablo Picasso’s ‘Women of Algiers’

 

Until now, Francis Bacon’s Three Studies of Lucian Freud was the world record. In 2013 it was sold for $142.4m at Christie’s.

Francis Bacon's 'Three Studies of Lucian Freud'

Francis Bacon’s ‘Three Studies of Lucian Freud’

Women of Algiers is one of the 15-work series paintings which was created between 1954 and 1955 by the Spanish artist. It is an oil painting of bare women.

The final price of the painting which is $179,365,000 also includes Christie’s 12% commission. One more world record could occur on Monday. Alberto Giacometti’s sculpture Pointing Man is expected to be the most expensive sculpture ever sold at auction.

Alberto Giacometti's 'Pointing Man'

Alberto Giacometti’s ‘Pointing Man’

Connoisseurs think that the price of art is more that money. Manhattan dealer Richard Feigen said that he didn’t see an end to that. He also added that the decrease of interest rates would not happen in the nearest future.

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