See the Picasso Painting That Just Set a World Record for Art at Auction


TIME

Spring Art Auctions PreviewCourtesy of Christie’s and the Estate of Pablo Picasso/Artists Rights Society (ARS)/APPablo Picasso’s “Women of Algiers (Version O),” auctioned at Christie’s in New York City on May 11, 2015.

A Picasso painting became the most expensive work of art ever sold at auction on Monday, going for more than $179 million.

Christie’s said “Women of Algiers (Version O)” sold for $179,365,000. That figure, which the Associated Press reports to include the auction house’s premium, surpasses a Francis Bacon work called “Three Studies of Lucian Freud” that held the top spot, also selling at Christie’s for $142.4 million in 2013.

Picasso painted the work as part of a 15-painting series (versions A through O) created in 1954 and 1955, inspired by Eugène Delacroix’s 1834 “Women of Algiers.” Industry experts say art world prices are staying high as collectors see these top works as strong and lasting investments.

[time-gallery id=”3565220″]

View original post

Advertisements

Leave a Comments

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s