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Arts and Culture

Picasso Painting Bags $51.2 Million at Auction

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Posted on Jun 23, 2010
Picasso painting
christies.com

Big get: Picasso’s “Portrait d’Angel Fernandez de Soto” was the big highlight of Christie’s sale in London on Wednesday.

Pablo Picasso’s “Portrait d’Angel Fernandez de Soto” sold for a staggering 34.7 million pounds—that’s $51.2 million for those of us in the dollar zone— at a Christie’s auction in London on Wednesday. Surprisingly enough, however, the overall auction wasn’t necessarily considered a roaring success despite overall numbers that look pretty recession-proof from where we sit.  —KA

The Wall Street Journal:

The painting lent its moody tone to Christie’s £152.6 million ($226.5 million) evening sale of Impressionist and modern art. The overall total nearly quadrupled the house’s $60.4 million sale last June, but the sale felt deflated because 16 of its offerings went unsold. These included a Claude Monet waterlily work, “Nympheas,” that was expected to sell for over £30 million along with works by Kees van Dongen, Marc Chagall, Paul Klee and Balthus.

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By Jimnp72, June 25, 2010 at 1:52 pm Link to this comment

I personally have always found his work slutty and messy, as I believe he was.

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By scotttpot, June 25, 2010 at 10:29 am Link to this comment

Another disgusting example of how much money the rich have stolen or scammed
from working people. If there were a toilet paper made from sanitized $100 bills
there would be a market for it.

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By WriterOnTheStorm, June 25, 2010 at 8:30 am Link to this comment

Prices like this are the result of the branding and status seeking among the elite.
Sure, it’s a fine example of Picasso’s blue period, but today it’s clear that most of
those paintings were derivative of the impressionists, especially Van Gogh.

So at the end of the day, what you’re really buying is a share of Picasso stock. The
work itself is almost irrelevant.

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PatrickHenry's avatar

By PatrickHenry, June 24, 2010 at 5:35 pm Link to this comment

It would look good in my bathroom.

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By NYCartist, June 24, 2010 at 1:33 pm Link to this comment

Good book on Picasso by John Berger, “The Success and Failure of Picasso”.  Berger is a leftist, an art critic and writer of fiction.  One thing that I have remember from the book, over several decades, is that Picasso traded a painting for his home in South France.

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Anarcissie's avatar

By Anarcissie, June 24, 2010 at 10:21 am Link to this comment

Picasso’s great masterpiece was his celebrity status, which is now self-replicating.  This is most unfortunate because it brings us face to face all too often with, first, the works, which are not all that exceptional, and second, with slavering, panting celebrity-worshipers who think that dollars represent artistic value or experience.  And so one more reason has appeared to avoid what’s left of the mass media.

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By Anonymous Coward, June 24, 2010 at 5:36 am Link to this comment
(Unregistered commenter)

It just proves rich people buying art have no frikking clue about art. Picasso was obviously a genius but this is a minor work.

And the most expensive painting ever sold? A Jackson Pollock’s! LOL!

Don’t you love the market? At this pace culture will be sold in cans at your local supermarket. You can blame copyright for that. Stealing our culture and locking it down for the sake of “progress” (aka corporations).

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