Picasso's Femme Assise Auctioned at a Record-Breaking Price

p/p pandnbsp;/p pBe they investors or mere enthusiasts, every art lover does have a penchant for Picasso's works. Who doesn't know, the artist adorns the white walls of almost all major art galleries. It was, hence, no surprise that at a recent Sotheby's auction, a Picasso painting managed to break all records./p pandnbsp;/p pIn London recently, Sotheby's hosted The Impressionist andamp; Modern Art Evening sale with a host of masterpieces. In a fierce bidding war , Picasso's pioneering 1909 portrait Femme Assise was sold for a staggering andpound;43 million (approx. INR 394 crores). |This is approximately INR 135 crores (when converted) more than the estimated price! The classic artist's masterpiece created a new record for any cubist work and the highest price for any painting sold in London since 2010./p pandnbsp;/p pThis artwork was reportedly inspired by the artist's lover, Fernande Olivier. This was one of the paintings that helped push Picasso to create more cubist-style works. Femme Assise has been in the possession of a private collector since 1973./p pandnbsp;/p pDescribed as andlsquo;the greatest cubist painting to come to the market in decades,' there's hardly anything left to speculate about the price this masterpiece has commanded!/p pandnbsp;/p pemImages via a rel="nofollow" href="http://www.sothebys.com/en/search-results.html?keyword=femme+Assise" target="_blank"Sotheby's/a/em/p pandnbsp;/p pstrongMore On andgt;andgt; a href="http://www.luxpresso.com/lifestyle/art-auctions" target="_blank"Art andamp; Auction/a/strongembr //em/p

from Luxpresso http://www.luxpresso.com/news-lifestyle/femme-assise-by-picasso-creates-a-new-art-auction-record/16062713
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