Picasso Painting Bags $51.2 Million at Auction
Pablo Picasso's "Portrait d'Angel Fernandez de Soto" sold for a staggering 347 million pounds -- that's $512 million for those of us in the dollar zone -- at a Christie's auction in London on Wednesday (continued).
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
Dig, Root, GrowThe 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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To add insult to lethal injury, Zimmerman responded to questions on how Trayvon Martin's family might feel about the gun auction by criticizing their parenting. To add insult to lethal injury, Zimmerman responded to questions on how Trayvon Martin's family might feel about the gun auction by criticizing their parenting.
Low-income D.C. residents -- many of them retirees -- have been losing their homes under a program in which tax rights are sold to private investors who add mind-boggling fees and then foreclose when they aren't paid. And it's all legal.
The promised $70 million project to quicken Cuba's Internet connection speed was never delivered; German voters are on Angela Merkel's side when it comes to the European economy; meanwhile, a vial with Ronald Reagan's blood is being auctioned, along with one of Scarlett Johansson's used tissues. These discoveries and more after the jump.
It's one of the most widely recognized images in art, and now one of four versions of Edvard Munch's archetypal image of modern angst is going on the block at Sotheby's New York auction house with an expected selling price of $80 million or more.
These are strange times in British culture, what with all the Wills-and-Kate worship set against the backdrop of turmoil over austerity measures and a faltering economy, plus the recent news that the terms of Old Blighty's outworn monarchical system are being updated to pander slightly less blatantly to the old boy's club (more).
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