$106 million Picasso painting sets new record for most expensive artwork

The sale achieved a stunning $335.5 million in total. The Evening Sale portion of the Brody Collection also became the highest total for a single-owner sale offered at Christies New York, surpassing the landmark sale of the Collection of Victor and Sally Ganz sale in 1997. The 27 lots from the Brody Collection achieved $224.2 million.

Marc Porter, Chairman of Christie’s Americas, commented: “This was a stellar night for Christie’s and for the art market. The sale was led by exceptional prices for works by Pablo Picasso, Alberto Giacometti and Henri Matisse from the Brody Collection, one of the greatest private collections to come to market. In addition, we witnessed great depth of bidding and strong results for important works from other American and European collections, including additional paintings by Picasso and works by Giacometti and Pierre-Auguste Renoir. We are honored to have been entrusted with so many remarkable works this season, and we are delighted to have delivered such positive results, including three new world auction records for Picasso, Georges Braque, and Jean-François Raffaelli.”

Culled from Luxist.com