Belfast Telegraph

Sunday 23 November 2014

Picasso Nude, Green Leaves and Bust earns record price tag

A 1932 painting by Pablo Picasso has been auctioned for a world record price
A 1932 painting by Pablo Picasso has been auctioned for a world record price

A 1932 Pablo Picasso painting of his mistress sold at a New York City auction for a world record 106.5 million US dollars (£70 million).

Nude, Green Leaves and Bust sold at Christie's to an unidentified telephone bidder.

Its pre-sale estimate was up to 90 million US dollars.

The striking work of Marie-Therese Walter had been exhibited in the United States only once, in 1961 in Los Angeles to commemorate the 80th anniversary of Picasso's birth.

The painting belonged to the late California art patron Frances Lasker Brody, who bought it in the 1950s.

Part of the sale proceeds will benefit the Huntington Library, Art Collections and Botanical Gardens in San Marino, California, where she was on the board.

The previous record for a work of art at auction was 104.3 million US dollars (£69 million) for a sculpture by Alberto Giacometti on February 3.

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Nightlife Galleries

More

Latest Entertainment News

Latest Music News

Latest Film & TV News

Latest Eating Out News

Horoscopes

Your Horoscopes by Russell Grant

Sagittarius:

Expanding your horizons isn't possible right now. There are lots of mundane responsibilities that require your attention. Neglecting these duties will create enemies. People are relying on you to pull your weight. The sooner you tackle your work, the faster you will be able to enjoy some leisure time. Catching up on your reading, playing a sport or watching a movie will help you wind down. There are worse things than being held captive by a regular routine.More