A Picasso masterpiece has fetched more than $179 million in New York, smashing the world record for the most expensive art sold at auction in what was dubbed the "sale of the century."
The oil painting, "The Women of Algiers (Version 0)," sold for $179,365,000 after more than 11 minutes of furious bidding from telephone buyers at a packed auction room at Christie's on Monday.
Applause erupted when the sale was finalised in an atmosphere of feverish excitement, accompanied by laughter and jokes, fetching way over its pre-sale estimate of $140 million.
Picasso sets $179 million auction record in New York - IBNLive
The oil painting, "The Women of Algiers (Version 0)," sold for $179,365,000 after more than 11 minutes of furious bidding from telephone buyers at a packed auction room at Christie's on Monday.
Applause erupted when the sale was finalised in an atmosphere of feverish excitement, accompanied by laughter and jokes, fetching way over its pre-sale estimate of $140 million.
Picasso sets $179 million auction record in New York - IBNLive
