Tuesday 12 May 2015

Picasso Smashes Auction Record

Picasso's Women of Algiers has become the most expensive painting to sell at auction, going for $160m (£102.6m) at Christie's in New York. Eleven minutes of prolonged bidding from telephone buyers preceded the final sale - for much more than its pre-sale estimate of $140m. The final price of $179.3m (£115m) includes commission of just over 12%.