Art Investment

Picasso set a new record!

At yesterday's auction Christie's «The Art of Impressionism and Modernism" in New York Picasso "Nude on a background of green leaves and bust" was sold for a record 106.48 million dollars

yesterday in New York passed evening Christie's auctions in the category "Art of Impressionism and Modernism" . Their general result amounted to 335,548,000 dollars. Collection of Sidney Frances Brody as a whole yielded 224,177,500 dollars. Of the 69 offered lots were sold in 1956, ie 81 per cent. Statistics in monetary terms amounted to 86 percent.

Top-lot auction was canvas by Pablo Picasso's "Nude on a background of green leaves and bust", which was sold for 106.48 million dollars and was thus not only the most expensive work of the masters, but also the most expensive piece of art in the world.

This large-scale portrait of the artist's mistress Marie-Therese Walter (1932) is widely recognized as one of the most significant works by Picasso. The portrait, executed in rich blue, pink and green, is a complex piece with a deep sensual overtones, which serves as a vivid evidence of the romantic feelings of the artist against his young muse.

Top-10 evening auction "The Art of impressionism and modernism, including the collection of Sidney F. Brody

№ lot

Description

Estimeyt,
million dollars

Price , U.S.

Buyer

6

Pablo Picasso Nude on a background of the bust and green leaves. March 9, 1932
M Irova record for a work of art
M Irova record for the artist's work

upon request

106 482 500

anonymous buyer

13

Alberto Giacometti big head. 1954-1955

25-35

53 282 500

anonymous buyer

30

Alberto Giacometti's hand. 1947-1948. Bronze

10-15

25842500

anonymous buyer

4

Alberto Giacometti Cat. 1951-1955. Bronze

12-18

20802500

anonymous buyer

39

Pablo Picasso Woman with a cat in a chair. 4-15 May 1964

10-15

18,002,500

anonymous buyer

22

Henri Matisse Nude on a blue pillow. 1924

20-30

15090500

anonymous buyer

43

Pablo Picasso Painter and his model. November 4, 1964

10-14

10 722 500

anonymous buyer

2

Georges Braque Vine. 1953-1954

M Irova record for the artist's work

3-5

10162500

anonymous buyer

34

Pierre-Auguste Renoir Reclining Nude, Gabriel. 1903

7-9

10162500

anonymous buyer

55

Pablo Picasso's head. December 14, 1969

6-9

6 802 500

anonymous buyer

Source: press release Christie's


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