Pablo Picasso’s 1955 painting, Les Femmes d’Alger, sold for a record $179.4 million on Monday night (May 11), as part of a massive art auction that total around $706 million.
The Les Femmes d’Alger, also translated to “Women of Algiers,” was inspired by the legendary artist’s fascination with the 19th-century French artist Eugene Delacroix. It is part of a 15-work series Picasso created in 1954-55 designated with the letters A through O. The version sold Monday was Version O.
Experts say the high sale prices were driven by artworks’ investment value and by wealthy collectors seeking out the very best works.
Also sold for a record $141.3 million was a sculpture by Alberto Giacometti, known as “Pointing Man.”