Like most artists, regardless of their medium, Pablo Picasso is worth much more dead than alive.  Even though he was celebrated and famous while living, nothing improves the bankroll like expiration.  A 1932 painting by Pablo of his mistress, Marie-Therese Walter, was auctioned off for a world record price by New York auctioneer’s Christie’s.  The canvas netted a record $106.5 million dollars!

The painting, called Nude, Green Leaves and Bust, is one that’s only been exhibited to the public once, on Picasso’s 80th birthday.  The painting was owned by the family of Los Angeles art patron Frances Lasker Brody, until they turned it into a cool $95 million dollars (buyer’s premiums raised the price another $11.5 million).  The work was slated to sell between $70 and $90 million, but after nine minutes of bidding between eight different potential owners, things got a bit out of hand.

The previous high for an artwork was $104.3 million for the sculpture Walking Man I by Alberto Giacometti; Picasso’s previous high sale was $104.2 million for Boy With a Pipe (The Young Apprentice).

Tags: Pablo Picasso, Marie-Therese Walter, Picasso painting sells for 6 million, Christie’s Auction House, art auction, world record auction price, Nude Green Leaves and Bust, most expensive artwork ever auctioned, 1932 Picasso painting fetches world record, world records, art, Frances Lasker Brody, expensive art

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