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Picasso Sells; Kanye West, Lauder Browse $5.2 Billion Fair

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A Picasso painting was among early sales as Ronald Lauder, Kanye West and Sheikh Saud al Thani were among VIPs browsing the world’s biggest art and antiques fair.

The U.S. businessman, musician and Qatari prince were in the Netherlands to see 4 billion euros ($5.2 billion) of museum-quality artworks and jewelry. Pablo Picasso’s 1964 oil-on-canvas “Homme au Chapeau” was bought by a European collector for $8 million from the New York-based dealer Christophe van de Weghe, one of 265 exhibitors at the European Fine Art Fair, Tefaf.