Picasso auction breaks art world record, sells for $179m USD

The sale history of 'The Women of Algiers' has been a wise investment.

| May 11, 2015 at 7:58 pm CDT

Auction House Christie's broke the world record for a piece of art overnight, selling a work by famed Spanish painter Pablo Picasso for a massive $179 million U.S dollars, according to the Wall Street Journal.

The 1955 Picasso, titled 'The Women of Algiers' was originally purchased in 1954 as part of a collection of 15 works for $212,000 USD, before being sold off separately. In 1997, the same painting sold for $31 million USD, meaning the anonymous seller just turned a very tidy profit.

Picasso auction breaks art world record, sells for $179m USD | TweakTown.com

'The Women of Algiers' is one of the final Picasso's still in private hands.

Last updated: Jun 16, 2020 at 04:29 pm CDT

NEWS SOURCE:wsj.com

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Ben is based in Australia and has been writing entertainment based news and reviews since 2002 and for TweakTown since 2007. A student of film, Ben brings a wide understanding of the medium to the latest happenings in entertainment circles and the latest blockbuster theatrical reviews.

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