A 1932 Pablo Picasso painting of his mistress sold Tuesday evening 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 to an unidentified telephone bidder.
The painting had belonged to the late California art patron Frances Lasker Brody, who bought it in the 1950s. It had been kept in her family since then.
Part of the sale proceeds will benefit The Huntington Library, Art Collections and Botanical Gardens in San Marino, where Brody was on the board.
– Associated Press report