Picasso Sells at Christie's for $106.5 Million, a Record for a Work of Art Sold at Auction

Picasso Realizes Record High!

PICASSO, Pablo

Nude, Green Leaves, and Bust, 1932

Oil on canvas

Estimate: $70 million - $90 million

Realized Price: $106.5 million

($95 Million before buyers premium)

There were nine minutes of bidding involving eight clients in the sale room and on the phone. At $88 million, two bidders remained.

"NEW YORK, NY (AP).- A 1932 Pablo Picasso painting of his mistress has sold for $106.5 million, a world record price for any work of art at auction."