News: Picasso Sells for Record Amount

Last night in New York City, a work of art sold for the most money a work of art has ever been sold. The bidding lasted a mere 8 minutes at Christie’s Auction House and in the end one anonymous bidder won over his six rivals for the privilege of paying $106.5 million for a painting created in a day and measuring 5 feet by 4. The painting so happens to be by Pablo Picasso and the work of art, his 1932 painting of his mistress Marie-Thérèse Walter, “Nu au Plateau de Sculpteur.” The work sold from the estate of “Los Angeles philanthropist Frances Lasker Brody, who died in November and was the wife of the real estate developer Sidney F. Brody.” The painting has rarely been exhibited, the last time widely in 1951, so here’s hoping this time it goes to a public institution.