Picasso’s Women of Algiers has become the most expensive painting to sell at auction, which went for $179.3m (£115m) at Christie’s in New York. It was auctioned yesterday and it was believed to be sold at $140m but was eventually sold for $179.3m has potential buyers increased.
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.
Experts believe the investment value of art is behind the high prices