Picasso painting sells for record price

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.”