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 15,325 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

Read: Monet landscape found in suitcase art collector brought to hospital>

Short URL

About the author:

About the author

Cliodhna Russell

cliodhna@thejournal.ie

See more articles by Cliodhna Russell

Contribute to this story:

Send a Correction

COMMENTS (36)

∞

About Us

Corrections

Report Content

Policies

TheJournal.ie supports the work of the Press Council of Ireland and the Office of the Press Ombudsman, and our staff operate within the Code of Practice. You can obtain a copy of the Code, or contact the Council, at www.presscouncil.ie, PH: (01) 6489130, Lo-Call 1890 208 080 or email: info@presscouncil.ie

Please note that TheJournal.ie uses cookies to improve your experience and to provide services and advertising. For more information on cookies please refer to our cookies policy.

News images provided by Press Association and Photocall Ireland unless otherwise stated. Irish sport images provided by Inpho Photography unless otherwise stated. Wire service provided by Associated Press.

Journal Media does not control and is not responsible for user created content, posts, comments, submissions or preferences. Users are reminded that they are fully responsible for their own created content and their own posts, comments and submissions and fully and effectively warrant and indemnify Journal Media in relation to such content and their ability to make such content, posts, comments and submissions available. Journal Media does not control and is not responsible for the content of external websites.

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

It took eleven minutes before a winner emerged.