11 minutes of madness: Sale of Picasso painting sets world record

It took eleven minutes before a winner emerged.

By Cliodhna Russell Tuesday 12 May 2015, 7:26 AM

May 12th 2015, 7:26 AM 15,322 Views 36 Comments

http://jrnl.ie/2097655

Source: Christie's/YouTube

A PICASSO PAINTING has broken the record for the most expensive painting to sell at auction.

The painting, Women of Algiers, went for $160m. The final price, including the premium of auction house Christie’s, was $179.3m (€160m).

Christies Spring Art Auction Source: AP/Press Association Images

Eleven minutes of bidding from telephone buyers set the price rocketing from its pre-sale estimate of $140 million.

Pablo Picasso’s Les Femmes d’Alger (Version ‘O’) realized $179,365,000, a #worldauctionrecord for any work of art ever sold at auction
— Christie's (@ChristiesInc) May 11, 2015

Source: Christie's/Twitter

The previous world record was $142.4m for Francis Bacon’s Three Studies of Lucian Freud. It was also sold in Christie’s in 2013.

Christies Spring Art Auction Source: AP/Press Association Images

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11 minutes of madness: Sale of Picasso painting sets world record

It took eleven minutes before a winner emerged.