Pablo Picasso breaks auction record

Pablo Picasso's Garcon a la Pipe has sold for $104 million, becoming the world's most expensive painting.

    Picasso painted four of the ten most expensive pictures

    An anonymous bidder bought the picture at Sotheby's in New York on Wednesday.

     

    Picasso was only 24-years-old when he depicted a young Parisian boy holding a pipe

     

    It was sold by the family of a former US diplomat who bought the painting in 1950 for $30,000.

     

    The final bid smashed the previous record for most expensive painting set in 1990, a mere $82.5 million for a Vincent Van Gogh.

     

    The price fetched included commission, the hammer price was $93 million.

     

    Shortly afterwards, Manet's Courses au Bois de Boulogne, an 1872 composition showing fashionable spectators watching a

    horse race, sold for $26.3 million.

     

    Picasso now has four of the top 10 most expensive paintings sold at auction, ahead of Van Gogh with three.

    SOURCE: Reuters


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