Bubble watch #20: Picasso smashes auction record
According to the BBC (see here) just minutes ago Picasso’s Women of Algiers has become the most expensive painting to sell at auction, going for $179.3m (£115m) at Christie’s in New York.
Eleven minutes of prolonged bidding from telephone buyers preceded the final sale – for much more than its pre-sale estimate of $140m.
The previous world record for a painting sold at auction was $142.4m, for British painter Francis Bacon’s Three Studies of Lucian Freud.
That sold at Christie’s in 2013.
Roger Montgomery is the Founder and Chairman of Montgomery Investment Management. Roger has over three decades of experience in funds management and related activities, including equities analysis, equity and derivatives strategy, trading and stockbroking. Prior to establishing Montgomery, Roger held positions at Ord Minnett Jardine Fleming, BT (Australia) Limited and Merrill Lynch.
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nevada cody salomonsson
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Not sure if it is true what i posted reg the yellow n blue painting im still struggling with if its a joke or something ,,
nevada cody salomonsson
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Hi Roger At least that was a Picasso ..what about this painting ?
http://www.businessinsider.com/afp-rothko-painting-sells-for-46.5-million-in-ny-auction-2015-5?IR=T
and what about the ridiculous prices for certain red wines ?
this is just unreal,, if its true ..
I bought an expensive bottle of wine once just to see what al the fuss was about ,, and think i got bad luck cause it must of gotten bad from
the cork or something .. i told the guy who sold it to me that it tasted bad , he said i thought you were going to sell it , not drink it …
best reg
Greg McLennan
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Congratulations! That’ll look good on the MIM wall…