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Picasso Painting Brings In Record $106.5MM

phppRFVjtPM.jpg The art world is in the money once again. A 78-year-old Pablo Picasso painting titled "Nude, Green Leaves and Bust" just sold at Christie's last night for a record $106.5 million, though the auction house only expected around $70 million. The bidder is undisclosed, and called in to the Rockefeller Center salesroom. The painting is 5-by-4-foot and depicts Picasso's blond mistress, Marie-Therese Walter. Dealer Daniella Luxembourg told the Wall Street Journal she was surprised it took over the initial estimate, but that "the purchase reflected the market's volatile mood. 'This is a fantastic picture, but the market also wants trophies right now.'" Wonder how much the blowjob painting he denied having anything to do with would go for? (Currently it's hanging at the Met.)

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Comments [rss]

  • RoboticInsides

    I guess if $106 mil were chump change to me, why not? But I can think of so many other things to do with that much money.

  • justthinkin

    man, if I shelled out $106 mil, I'd be bust too.

  • mingusahum

    Keep steve wynn away from this!

  • jchez

    +1

    Also, get a restraining order against that fat uncoordinated cow that slipped at the Met.

  • evbo

    Must be nice to have that kind of disposable income lying around.

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