A rare Picasso painting owned by the Rockefellers sold for $115 million including fees on Tuesday night, highlighting the continued strength of the art market and the enduring power of the Rockefeller name.
The highlight of the auction is a rose period portrait by Pablo Picasso dubbed Young Girl with a Flower Basket (1905). The painting sold for a whopping $115.1 million USD, topping Jean-Michel Basquiat’s Untitled (1982) skull painting which sold for $110.5 million USD last year and making it the second most expensive Picasso painting to ever sell at an auction
Works by Henri Matisse and Claude Monet also went for eye-popping prices at the Christie’s evening auction of 19th and 20th Century Art from the Collection of David and Peggy Rockefeller.
The auction was the largest of the week-long series of Rockefeller sales, and it has already become the largest ever for a single collection. Christie’s estimated the entire collection would fetch $500 million or more, but the art auction alone hauled in $646 million.