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Business News/ Photos / Picasso’s painting sets auction record with whopping $179 million sale

Picasso’s painting sets auction record with whopping $179 million sale

5 Photos . Updated: 12 May 2015, 03:57 PM IST Livemint

On 11 May 2015, Christie's Looking Forward to the Past auction broke new records when Picasso's Women of Algiers went under the hammer for $179.4m. The sale also featured Alberto Giacometti's life-size sculpture Pointing Man, which is now the most expensive sculpture sold at auction

A Christie’s employee walks in a room next to Pablo Picasso’s “Les femmes d’Alger (Version “O”), (R), during a media preview on May 1, 2014, at Christie’s in New York. Photo:AFP

1/5A Christie’s employee walks in a room next to Pablo Picasso’s “Les femmes d’Alger (Version “O”), (R), during a media preview on May 1, 2014, at Christie’s in New York. Photo:AFP

Jussi Pylkkanen, president of Christie’s, takes bids at an auction for the Women of Algiers art work, painted by Pablo Picasso. Photo:AFP

2/5Jussi Pylkkanen, president of Christie’s, takes bids at an auction for the Women of Algiers art work, painted by Pablo Picasso. Photo:AFP

Employees take bids for Picasso’s painting. Experts say the once unthinkable prices are driven by artworks’ investment value and by wealthy new and established collectors seeking out the very best works. Photo:AP

3/5Employees take bids for Picasso’s painting. Experts say the once unthinkable prices are driven by artworks’ investment value and by wealthy new and established collectors seeking out the very best works. Photo:AP

Christie’s employees work the phone bidders during Alberto Giacometti’s “L’homme Au Doigt” (Pointing man) sculpture auction at Christie’s. Photo:  Reuters

4/5Christie’s employees work the phone bidders during Alberto Giacometti’s “L’homme Au Doigt” (Pointing man) sculpture auction at Christie’s. Photo:  Reuters

A guard stands beside Alberto Giacometti’s life-size sculpture Pointing Man after it sold for more than $141 million, earning it the title of most expensive sculpture sold at an auction. Photo:AP

5/5A guard stands beside Alberto Giacometti’s life-size sculpture Pointing Man after it sold for more than $141 million, earning it the title of most expensive sculpture sold at an auction. Photo:AP

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