NEW YORK, USA
Picasso's famed "Femme assise au chapeau" was sold to a private collector for 4.29 million US dollars (3.55 million sterling) at Christie's New York auction rooms on November 13.
NEW YORK, USA
1. GV & SV Christie's auction house in New York. Picasso works being sold (5 shots) 0.16
2. GV ZOOM TO SV "Woman in Hat" painting 0.24
3. SV Auctioneer taking bids PULL BACK TO GV crowd applauds 0.42
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Background: NEW YORK, USA
Picasso's famed "Femme assise au chapeau" was sold to a private collector for 4.29 million US dollars (3.55 million sterling) at Christie's New York auction rooms on November 13. The sale, completed by telephone, did not break the record for a Picasso painting -- 5.3 million US dollars paid for 'Yo' in May, 1981, at christie's main rival, Sotheby's, in London. "Femme assise au chapeau" had been on loan to London's Tate Gallery since 1958 and was sold on the orders of the trustees of the Edward james Foundation. Another Picasso, "Femme a la Mandoline", belonging to US newspaper tycoon and retired diplomat Walter Annenberg, fetched a.925 US dollars and went to the Norton Simon Museum in California. Six others Picassos were sold for prices ranging from 150 thousand to 527 thousand US dollars. A Modigliani in the same sale went for a record price; "Giovanetto dai Capelli Rossi" fetched 1.925 million US dollars, beating the previous Modigliani record of 1.65 million dollars for "Bambina con Trecce", sold in May, 1984, at Christie's in New York. The paintings were among 64 works by 30 artists that were in the sale which netted over 20 million US dollars.
Source: NBC (U)