Picasso’s Women of Algiers has become the most expensive painting to sell at auction, going for $160m (£102.6m) at Christie’s in New York.
Eleven minutes of prolonged bidding from telephone buyers preceded the final sale – for much more than its pre-sale estimate of $140m.
Yes, ok… an amazing result. Why so valuable?
For some reason I keep thinking of a quote by Orson Welles – who, coincidentally, was a friend of Picasso…
“To work for posterity is as vulgar as working for money.”