A painting by Pablo Picasso sold at auction in New York for $103 million

Experts before the auction estimated the work of the Spanish artist at $55 million.

The work of Pablo Picasso (1881-1973) ‘Femme assise près d’une fenêtre (Marie-Thérèse)’  (1932) went under the hammer at the evening auction of the auction house Christie’s on Thursday for more than $ 103 million. The broadcast is conducted on the auction house’s website.

The final price of the lot was $90 million, but taking into account all the additional payments, the future owner of the picture will have to pay $103.41 million. Experts before the auction estimated this picture of the Spanish artist, who lived most of his life in France, at $55 million.

The previous time ‘Femme assise près d’une fenêtre (Marie-Thérèse)’ was put up for auction in February 2013. It was then sold for £28.6 million ($44.8 million with commission) at Sotheby’s London auction to an anonymous collector.

Author: Sam Smith
Graduated from University of Oxford. Previously, he worked in various diferent news media. Currently, it is a columnist of the world news section in the Free News editors.
Function: Editor
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