New Delhi: A painting named ‘Woman sitting by a window (Marie-Therese)’ by distinguished artist Pablo Picasso was bought at a whopping value of $103.4 million on the British public sale home Christie’s in New York, as per an AFP report.
The British public sale home said the 1932 painting was bought for $90 million in 19 minutes of bidding, plus charges and commissions which took to quantity as much as $103.4 million.
Picasso, who was born in 1881, nonetheless reserves a excessive place within the artwork market and it seems as if the COVID-19 pandemic has not deterred patrons from making exorbitant artwork purchases.
Surprisingly, the ‘Woman sitting by a window (Marie-Therese)’ was valued at lower than half its present value about 8 years in the past when it was acquired at a London sale for $44.8 million.
Historically, Picasso’s works have at all times been extremely valued as earlier than this painting, 4 of his works have been valued at round $100 million.
However, up to now two years, it is the primary time that an paintings crossed the $100 million mark. The earlier paintings to take action was a copy of Claude Monet’s “Meules” collection which reached a bid value of $110.7 million at one other New York artwork public sale home – Sotheby’s.
(With AFP inputs)
