Picasso Painting Sells for $179.4 Million; Sets Auction Record

Pablo Picasso’s “Les Femmes d’Alger (Version ‘‘O’’)” sold for $179.4 million, setting a record for any artwork sold at auction.

The price for the painting, sold Monday at Christie’s in New York, breaks the record held by Francis Bacon’s $142.4 million triptych since November 2013. The auction house had valued the Picasso at $140 million, the highest presale target of any work. The sale price includes commission.

Depicting a group of courtesans, the Picasso painting is based on Eugene Delacroix’s work of a similar title. Picasso explored the theme through a group of 15 paintings, designating the versions from A to O.

The auction house’s special evening sale of 20th century art called “Looking Forward to the Past” is continuing.

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