Pursuits

Picasso’s Mistress Makes $40.5 Million as Art Buyers Get Choosy

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A Pablo Picasso painting of his mistress last night sold for 25.2 million pounds ($40.5 million) as highly valued artworks attracted selective bidding.

“La Lecture” was estimated to make 12 million pounds to 18 million pounds at Sotheby’s in London. Ten of the 42 Impressionist and modern lots failed to sell, including a bronze by Alberto Giacometti.