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Picasso Painting sets record sale price ($106.5 Million at auction)
Los Angeles Times ^ | 05/05/2010 | Jori Finkel

Posted on 05/05/2010 11:45:02 AM PDT by SeekAndFind

His 1932 portrait 'Nude, Green Leaves and Bust' fetches $106.5 million.

Some mistresses are more valuable than others. On Tuesday night, Christie's New York sold Pablo Picasso's bold 1932 portrait of his lover Marie-Thérèse Walter, "Nude, Green Leaves and Bust," for $106.5 million, making it the most expensive artwork ever sold at auction.

"I think the Picasso illustrates what has been true in good and bad economic times — the very best works of art continue to sell at a premium," said Marc Porter, chairman of Christie's Americas. He said the nine bidders active after the opening bid of $58 million "came from all over: Asia, the U.S., and Europe, including the former Soviet republic."

At press time, the buyer, who had placed the winning bid of $95 million (which, including buyer's fees, amounts to $106.5 million) by telephone, was not identified.

The painting came from the estate of Frances Brody, the Los Angeles arts patron who died last year at age 93. Her husband Sidney, a real estate developer, died in 1983. The estate consigned this Picasso to Christie's along with some 80 other artworks. The most valuable pieces, including sculptures by Alberto Giacometti, went up for auction Tuesday night; the remainder are slated for Wednesday morning.

(Excerpt) Read more at latimes.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: auction; painting; picasso
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To: SeekAndFind

The value of such a painting is sustained by mutual desire and paid in a generally-agreed-on abstraction called “money”.


21 posted on 05/05/2010 2:24:19 PM PDT by RoadTest (Religion is a substitute for the relationship God wants with you.)
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To: nonsporting

You Rang????

AHHHHHHGGGGG


22 posted on 05/05/2010 2:54:22 PM PDT by Airwinger (Semper Fi, Time to use that motto for our Constitution. (ALWAYS FAITHFUL!))
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To: SeekAndFind

No, I find Dali more amusing than great, but my reaction to that portrait is that he likes her. There’s a lot of brutality in many of Picasso’s portraits. He had a habit of picking up mistresses and dropped them. And it’s not surprising that he sometimes portrays himself as a minotaur or bull.


23 posted on 05/05/2010 3:23:11 PM PDT by Cicero (Marcus Tullius)
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To: ken21

Lol! Oh I knew that. ;)


24 posted on 05/05/2010 6:07:04 PM PDT by VanDeKoik (Iran doesnt have a 2nd admendment. Ya s ee how that turned out?)
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To: Joe 6-pack
Somehow I don't think I should be taking anything about art serious from someone called “Joe 6-pack”. I would think you would know more about The Velvet Elvis than Picasso. /sarcasm alert
25 posted on 05/06/2010 12:33:50 AM PDT by BBell
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To: BBell
"I would think you would know more about The Velvet Elvis than Picasso."

Actually, my tastes are a little more refined than that. I'm more of a "Poker Dogs" man...


26 posted on 05/06/2010 5:39:37 AM PDT by Joe 6-pack (Que me amat, amet et canem meum)
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To: SeekAndFind

This one brought 4 million last November at Christies.

27 posted on 05/06/2010 5:46:52 AM PDT by Utah Binger (Mount Carmel Utah, 20 Miles North of Fredonia Arizona)
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To: Joe 6-pack
I should have known you were more of a Poker Dog fan.


28 posted on 05/06/2010 1:02:41 PM PDT by BBell
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