UNITED STATES: PICASSO PAINTING SOLD FOR 26 MILLION DOLLARS

Record ID: 337540

  • Title: UNITED STATES: PICASSO PAINTING SOLD FOR 26 MILLION DOLLARS
  • Date: 8th May 1995
  • Summary: NEW YORK CITY, NEW YORK, UNITED STATES (MAY 8, 1995 AND RECENT) (RTV - ACCESS ALL) (RECENT) 1. CU ARTIST PABLO PICASSO'S PORTRAIT OF ANGEL FERNANDEZ DE SOTO ON DISPLAY AT SOTHEBYS. (3 SHOTS) 0.27 (MAY 8, 1995) 2. SV SOTHEBY'S AUCTION OF THE PICASSO PORTRAIT OF ANGEL FERNANDEZ DE SOTO. 0.37 3. SV SOTHEBY'S EMPL
  • Embargoed: 23rd May 1995 13:00
  • Keywords:
  • Location: NEW YORK CITY, NEW YORK, UNITED STATES
  • City:
  • Country: USA
  • Reuters ID: LVA3UNAMRNJ56KTG3V9X0I4BV68T
  • Story Text: A rare Pablo Picasso "blue period" painting sold for 29.1 million United States (U.S.) dollars at Sotheby's auction house on Monday (May 8).

    The sale earned the title of the most expensive price for an auctioned painting in five years.

    Picasso's 1903 portrait of Angel Fernandez de Soto, part of the collection of Donald and Jean Stralem, had an estimated price of 10 to 15 million U.S. dollars, Sotheby's said. The record price is expected to renew confidence in the art market, which has been in a slump since 1990.


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