May 12, 2015

Waoh! This Picasso Art Painting Auctioned at $179M Sets World Record

 

Women of Algiers by Pablo Picasso sold for $179.4 mil

Who would have imagined art works  would cost so much fortune. Well, this painting by Pablo Picasso artwork was auctioned in New York at $179.4 million on Monday night setting world record while sculpture by Alberto Giacometti set a record for most expensive sculpture, at $141.3 million. The buyers of both artifact choose to remain anonymous.
Pointing man by Alberto Giacometti sold for $141.3 mil


Alberto Giacometti's sculpture 'Pointing man" was Conceived in 1947, “L’Homme au Doigt” is a 5-foot-10-inch-tall, knobby stick figure. The work was estimated at $130 million by Christie’s in New York. The sale price includes commissions but it sold for $141.3million.

Picasso's "Women of Algiers (Version O)" and Giacometti's life-size "Pointing Man" were among dozens of masterpieces from the 20th century offered at the auction in a curated sale titled "Looking Forward to the Past."

The most expensive artwork sold at auction had been Francis Bacon's "Three Studies of Lucian Freud," which Christie's sold for $142.4 million in 2013.


Three studies of Lucian Freud by Francis Bacon sod for $142.4 mil in 2013


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