iPhone | iPad
Android
Huawei
Callum Hudson-Odoi came off the bench to score the only goal of the match and bolster the squad's unbeaten record in the league so far this year
KT APPDOWNLOAD
Picasso painting sells for $103 million in New York
New York - The sale confirms the vitality of the art market despite the Covid-19 pandemic
Pablo Picasso’s 'Woman Sitting Near a Window (Marie-Therese)' sold Thursday for $103.4 million at Christie’s in New York, the auction house said.
The painting, completed in 1932, was sold after 19 minutes of bidding for $90 million, which rose to $103.4 million when fees and commissions were added, Christie’s said.
Christie’s had estimated the painting would sell for $55 million.
The sale confirms the vitality of the art market despite the Covid-19 pandemic — but also the special status of Picasso, who was born in 1881 and died in 1973.
The generally good performance of Thursday’s auctions, totaling $481 million, “signals a real return to normal and also a message that the art market is really back on track,” said Bonnie Brennan, president of Christie’s America.
The painting, depicting Picasso’s young mistress and muse, Marie-Therese Walter, was acquired only eight years ago at a London sale for 28.6 million pounds (about $44.8 million), less than half the price offered Thursday.
Five works by the Spanish painter have now crossed the symbolic threshold of $100 million.
Even before this sale, he was already alone at the top of this very exclusive club with four paintings, including “Women of Algiers”, which holds the record for a Picasso, at $179.4 million in 2015.
This is the first time in two years that a work has broken the $100 million mark since an 1890 Claude Monet “Meules” painting reached $110.7 million at Sotheby’s, also in New York.
On Tuesday, the painting “In This Case” by the American painter Jean-Michel Basquiat sold for $93.1 million at Christie’s in the first of the major spring sales, one of the two most important events in the auction world.
Picasso's 'Woman sitting by a window (Marie-Therese)' was completed in 1932.
More news from
The advanced air mobility devices are powered by electric motors, aligning with UAE's sustainability goals and reducing carbon footprint
Brentford attacked straight after kickoff and scored in 22 seconds before Erling Haaland's double secured a 2-1 win for City
In the Czech Republic, a quarter of a million homes were without power due to high winds and rain
Sheikh Hamdan said this initiative will provide grants and essential resources to bring groundbreaking projects and ambitious ideas to life
US-educated Jaafar Hassan, now head of King Abdullah's office and a former planning minister, is expected to replace Khasawneh
Al Ain's hopes of becoming only the fifth club to retain the title were boosted by retaining the services of the red-hot Moroccan star Soufiane Rahimi
The group called on RSF and SAF to take action against 'perpetrators of war crimes and violations of international law, including international humanitarian law'