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A 1932 Pablo Picasso painting of his mistress has sold for $106.5 million, a world record price for any work of art at auction. Nude, Green Leaves and Bust, which had a pre-sale estimate of between $70 million and $90 million, was sold at Christie s auction house on Tuesday evening to an unidentified telephone bidder.There were nine minutes of bidding involving eight clients in the sale room and on the phone, Christie s said. At $88 million, two bidders remained. The final bid was $95 million, but the buyer s premium took the sale price to $106.5 m
stanley cup illion.Conor Jordan, head of impressionist and modern art for Christie s New York, said he was ecstatic with the results. Tonight s spectacular results showed the great confidence in the marketplace and the enthusiasm with which it welcomes top quality works, he said. The striking work of Picasso s muse and mistress Marie-Therese Walter has been exhibited in the United States only once, in 1961 in Los Angeles to commemorate the 80th anniversary of Picasso s birth. The painting, which measures more than 5 feet by 4 feet, shows a reclining nude figure with an image of Picasso in the background looking over her.The painting had belonged to the late California art patron Frances Lasker Brody, who bought it i
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