A Pablo Picasso painting has sold for a whopping $160 million at auction.
The masterpiece, titled ‘Les Femmes d’Alger’, was painted in 1955 by the famous Cubist artist.
The artwork is known as ‘Version O’ to differentiate it from Picasso’s 14 previous works with the same name. The Spaniard created the piece as part of a series based on an 1834 painting by the artist Delacroix.
The multi-millionaire buyer’s identity is unknown.
Even crazier is that with the commission paid to auction house, Christie’s, another $19.35 million is added to the fee for a total of $179.35 million.
Considering pre-auction estimates valued the painting at $140 million, the staff at Christie’s must be celebrating today.
Previously, the most expensive artwork officially sold at auction had been Francis Bacon’s ‘Three Studies of Lucian Freud’. Christie’s sold that one too – for the low, low price of $142.4 million in 2013.
The art game sounds pretty lucrative. I think I got into the wrong business!