Auctions

Picasso Sells for Record $106.5 Million

Here’s hoping no one trips and puts a hole in it: A painting by Picasso sold on Tuesday for $106.5 million, the highest price ever paid for a work of art at auction. Picasso painted Nude, Green Leaves and Bust in 1932. It’s a portrait of his mistress and was shown only once in the United States in 1961. The previous record for a work of art was the $104.2 million paid for a Giacometti sculpture in February. Christie’s pre-sale estimate for the Picasso was between $70 million and $90 million.