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Picasso painting sells for record 104 million dollars
New York, May 06: A 1905 masterpiece by Pablo Picasso, `Garcon a la Pipe` sold for 104,168,000 dollars here, smashing the world record for an auctioned art work.
New York, May 06: A 1905 masterpiece by Pablo Picasso, "Garcon a la Pipe" sold for 104,168,000 dollars here, smashing the world record for an auctioned art work.
The sale beat the 82.5 million dollars for Vincent Van Gogh's "Portrait of Dr Gachet" sold in New York in 1990.
The chairman of Sotheby's North America, Warren Weitman, made the final bid yesterday on the floor of the auction on behalf of an anonymous buyer.
The painting, also known as "Boy with a Pipe," went under the hammer at 93 million dollars, to polite applause. A substantial buyers premium is added. Offers faltered at the 70 million and 80 million dollar levels but each time a new bidder came in to boost the competition.
Shortly after, Edouard Manet's "Courses au Bois de Boulogne," an 1872 composition of a sunny day at the races, sold for 26.3 million dollars, just short of the record 29.04 million dollars for the artist.
Picasso painted "Garcon a la Pipe" when he was 24, shortly after settling in Paris.
It depicts a Parisian working boy holding a pipe in his left hand. The subject gazes absently into space, a mysterious presence crowned with a garland of roses and framed with two large bouquets on the wall behind him. Bureau Report
The chairman of Sotheby's North America, Warren Weitman, made the final bid yesterday on the floor of the auction on behalf of an anonymous buyer.
The painting, also known as "Boy with a Pipe," went under the hammer at 93 million dollars, to polite applause. A substantial buyers premium is added. Offers faltered at the 70 million and 80 million dollar levels but each time a new bidder came in to boost the competition.
Shortly after, Edouard Manet's "Courses au Bois de Boulogne," an 1872 composition of a sunny day at the races, sold for 26.3 million dollars, just short of the record 29.04 million dollars for the artist.
Picasso painted "Garcon a la Pipe" when he was 24, shortly after settling in Paris.
It depicts a Parisian working boy holding a pipe in his left hand. The subject gazes absently into space, a mysterious presence crowned with a garland of roses and framed with two large bouquets on the wall behind him. Bureau Report