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May 4th, 2010
09:11 PM ET

Record price puts Picasso firmly into his Green Period

Picasso's “Nude, Green Leaves and Bust”

A Pablo Picasso painting fetched $106.5 million at auction Tuesday, a record for any single work of art, Christie's New York announced.

The bidding for the painting – “Nude, Green Leaves and Bust” – lasted nine minutes. Eight clients competed for the painting and it was eventually sold to an unidentified telephone bidder, Christie’s said.

The previous record was an Alberto Giacometti sculpture that sold for $104.3 in February. It, too, was bought by an anonymous bidder. The auction occurred at Sotheby’s in London.


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soundoff (88 Responses)
  1. AJ

    most work of Art look simple and easy to do...then; Try doing it ;/
    more so; try making a living, Doing it ;(

    it does Not become ART...until it's critically acclaimed and Positioned in/at a Gallery or a Museum of some repute !

    Above all; IT should have meaning !

    squiggly drawings of your kids maybe endearing to your eyes...it's just that !
    bad news for your pocket-book ;-)

    May 4, 2010 at 9:50 pm | Report abuse | Reply
  2. Lone

    @ Jhonwags – No saying that the buyer doesnt already pump tons of money into helping people. Then again money is more often than not a means to merely postponing the needy being driving into the ground by their government, environment or even themselves. Its a dangerous stereotype to think its an answer and worse to waste it (which this person isnt by buying something that will only increase in value, making them just that much richer so they can spend der money helping da peoples).

    May 4, 2010 at 9:52 pm | Report abuse | Reply
  3. mike

    well said Morgan... it seems that all the morons in the world have become empowered behind keyboards...

    May 4, 2010 at 9:55 pm | Report abuse | Reply
  4. michael katz

    AMAZING – I am looking at the same work of art FOR FREE! I WIN!!!

    May 4, 2010 at 9:57 pm | Report abuse | Reply
  5. AJ

    one of Picasso's contemporary and equal was Diego Rivera ...his work(paintings and murals) is timeless !
    time to educate your 5th grader...because; it's TOO LATE for you ;-)

    May 4, 2010 at 9:57 pm | Report abuse | Reply
  6. SavedByPica

    Picasso is a GOD. He saved my marriage. I want to see your kid or dog do that.

    May 4, 2010 at 9:58 pm | Report abuse | Reply
  7. ugotbawlz

    we have children starving right here in the U.S. and you have people that will pay over $100 mil for a painting... what an absolute joke. purely disgusting.

    May 4, 2010 at 9:58 pm | Report abuse | Reply
  8. Kathleen McGiveron

    The evening auction at Christies' will have a Little Electric Chair (blue) estimated at 2-3 million .... and to top that off they have a Silver Liz print, up for auction by the Solomans for and estimate selling price of 10 -15 million. If that's how Picasso did I'm sure the Warhols and others in the 'Post War and Contemporary art' auction will fly past their estimates. I believe this record breaker is sign that the art market has recovered...

    May 4, 2010 at 9:58 pm | Report abuse | Reply
  9. Zunedog

    "ive seen better pictures painted by fifth graders"

    Got links?

    May 4, 2010 at 9:58 pm | Report abuse | Reply
  10. pablo

    Picasso was/is an amazing artist who is worthy of great respect. Anyone who would dis him is just plain ignorant.
    His whole life was devoted to art and he worked very hard at it.
    The man stood up to the Nazis.
    He chose to stay in Nazi occupied Paris despite offers of safe haven elsewhere whiel many of his contemporaries fled. He stayed when at any minute he could have had the gestapo at his door shipping him off to the gas chambers as a degenerate artist.
    Viva Picasso.

    May 4, 2010 at 9:59 pm | Report abuse | Reply
  11. David

    Ok, I think the amount of money is ridiculous but really Chris, must you denounce Picasso as "garbage"?

    May 4, 2010 at 10:01 pm | Report abuse | Reply
  12. zunedog

    this is just a status symbol, i could see it if a museum bought this but an individual? if i had ten million dollars id paint a picture.

    May 4, 2010 at 10:01 pm | Report abuse | Reply
  13. ugotbawlz

    there are children STARVING right here in the United States of America, and yet there are people out there that will pay more than $100 million dollars for a material painting. what an absolute joke. purely disgusting.

    May 4, 2010 at 10:01 pm | Report abuse | Reply
  14. Chris

    Probably hanging in Goldman Sachs lobby before we know it. They are the only people that can afford this. Heck, why not. bet the economy will tank and the government will give us money on top of the billions we make cause they forced the economy to crash.

    May 4, 2010 at 10:02 pm | Report abuse | Reply
  15. Kathleen McGiveron

    Ugotbawlz it's not disgusting... It's called Making art, dealing art, collecting art. Wall street's twin- it has to be done. This is the only way artists can make livings. If paintings didn't sell for high prices, every day people like yourself would not get to observe the wonders that happens from the mind and creativity of artists. If people weren't interested, people wouldn't want to collect art, then there would be no jobs for dealers or auction houses, and all the galleries would go out of business and if there are no galleries then there are no artists (who originally sell their art for nothing unless your koons or hirst) and then the artists would starve or die or worse...become bankers... and the world would then have no culture and you would have no imitation painting on your wall right now. No labels. No fake Marilyn. No fancy webpages with graphic design or anything. You would live in a culture-less world.

    May 4, 2010 at 10:04 pm | Report abuse | Reply
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