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06/05/2004
Picasso painting sells for record £58 million
A painting by Spanish artist, Pablo Picasso, has sold for a record-breaking $104 million (£58 million) at auction, making it the world’s most expensive painting.
The painting, ‘Garcon a la Pipe’ (‘Boy with a Pipe’), was sold to an anonymous bidder at a Sotheby’s sale in New York. The price beat the $82 million (£46 million) paid for Vincent Van Gogh’s ‘Portrait of Doctor Gachet’ in 1990.
Picasso painted 'Garcon a la Pipe' in 1905 when the artist, then aged 24, was living in Paris. The painting shows a young Parisian boy, holding a pipe in his left hand and wearing a garland of roses.
Previously the most expensive Picasso painting sold at auction was ‘La Femme aux Bras Croises’ (‘Woman with Crossed Arms’), which sold for $55 million (£30.6 million) in November 2000.
‘Garcon a la Pipe’ was part of a collection or over 30 paintings owned by Mr and Mrs John Hay Whitney. The collection was left to a charitable trust, set up by Betsey Whitney after her husband, a former US ambassador to Britain, died in 1982. She died in 1998.
Other works of art auctioned alongside the Picasso included paintings by such renowned artists as Degas, Renoir, Manet, Matisse, Henry Moore and Kandinsky.
(KmcA)
The painting, ‘Garcon a la Pipe’ (‘Boy with a Pipe’), was sold to an anonymous bidder at a Sotheby’s sale in New York. The price beat the $82 million (£46 million) paid for Vincent Van Gogh’s ‘Portrait of Doctor Gachet’ in 1990.
Picasso painted 'Garcon a la Pipe' in 1905 when the artist, then aged 24, was living in Paris. The painting shows a young Parisian boy, holding a pipe in his left hand and wearing a garland of roses.
Previously the most expensive Picasso painting sold at auction was ‘La Femme aux Bras Croises’ (‘Woman with Crossed Arms’), which sold for $55 million (£30.6 million) in November 2000.
‘Garcon a la Pipe’ was part of a collection or over 30 paintings owned by Mr and Mrs John Hay Whitney. The collection was left to a charitable trust, set up by Betsey Whitney after her husband, a former US ambassador to Britain, died in 1982. She died in 1998.
Other works of art auctioned alongside the Picasso included paintings by such renowned artists as Degas, Renoir, Manet, Matisse, Henry Moore and Kandinsky.
(KmcA)
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