Picasso Painting Sets Record Price at Auction


By William Stolerman

The Brody collection was hailed as of the greatest American collections of modern art ever to come to auction. An anonymous bidder vindicated that assessment yesterday when they bought one of the paintings, Picasso's "Nude, Green Leaves and Bust" for $106 million.

Eclipsing the $104.3m set in February when Giacometti's Walking Man I was sold in London, it sets a new record for any peice of art sold at auction.

Painted in 1932, it was bought by the Los Angeles collectors Frances and Sidney Brody in the 1950s.

"It was only exhibited once in 1961," explained Conor Jordan, the head of Christie's impressionist department, adding "when we got into Brody's house in November it was quite an experience."

It was expected to sell for $70m-$90m.

Via [bbc]


Copyright © www.luxury-insider.com
Luxury-insider.com is part of the SPH Magazines Luxury Network