A Picasso Just Became the Most Expensive Painting Ever Sold at an Art Auction…for $179 Million

What can you buy for $179 million dollars?

Well, a lot.

For instance, 18 million cases of bottled water, about 11 years of health insurance for one thousand US families, or the full undergraduate tuition for around seven and a half thousand Canadian students. 

Or, ONE Picasso painting.

Yup, Picasso’s Les Femmes d’Alger just snagged $179.4 million (including a 12% commission to the gallery, of course) on Monday night at Christie’s New York, beating the previous auction record of $142.4 million in 2013 by Francis Bacon’s Three Studies of Lucien Freud.
The piece is said to be part of a 15-piece collection that Picasso started in the 50s, designed using the letters A through O, and as a type of elegy to his friend Matisse who died only a few weeks before Picasso put oil to canvas.

There have been seven artworks sold at auction for over $100 million; three of them are Picassos.

And alll of them are probably a smidge overpriced.

Unless, of course, you’re really into weird boobs and the colour blue. Then this painting is totally worth it.

Image courtery of Reuters 


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