A 1932 Pablo Picasso painting of his mistress has sold for $106.5 million, a world record price for any work of art at auction. Pablo Picasso’s 1932 ‘Nude, Green Leaves, and Bust’ is seen at Christie’s auction house in New York. REUTERS “Nude, Green Leaves and Bust,” which had a pre-sale estimate of between $70 [...]

To the untutored eye little is different about “The Actor,” the Metropolitan Museum of Art’s rare Rose Period Picasso, other than that it is now safely behind plexiglass. It’s virtually impossible to tell that on a January afternoon a woman taking an adult education class accidentally fell into the canvas, causing a six-inch vertical tear [...]

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Henri Matisse, “Nu au coussin bleu”, 1924. Estimate: $20-30 million. NEW YORK (REUTERS).- One of the most valuable private art collections ever offered at auction, led by an $80 million Picasso, will be sold in May in a sign that the art market might soon flirt with the record levels seen before the financial crisis [...]

Markets around the world are looking to China to buoy their financial prospects. So are art auction houses. After a dismal year, Sotheby’s and Christie’s International PLC are set to begin a major round of art auctions in London on Tuesday, and experts say Chinese collectors may emerge as the latest power players to bid [...]

A Christie’s employee looks at a 1963 painting entitled “Tete de femme (Jacqueline)” by Pablo Picasso on display at the auction house in London, Wednesday, Jan. 20, 2010. The painting is to be auction at ‘Impressionist and Modern Art’ sale on Feb. 2 with an estimated price of 3 to 4 million pounds (US$4.9 to [...]

In a crisp, 50-minute sale Wednesday that was choreographed for today’s tastes, Sotheby’s managed to sell more than $55 million worth of Impressionist and modern art. Though the auction featured just 27 lots, the smallest number of works in a comparable evening sale here since 1997, bidding was consistent, and a late Picasso fetched $11.5 [...]

Pablo Picasso (1881-1973), Mousquetaire à la pipe, oil on canvas, 57 5/8 x 35 1/8 in. (146.5 x 89.3 cm.) Christie’s announced details of its Evening Sale of Impressionist and Modern Art on May 6, 2009. Comprised of 50 works from the great masters of the era, the sale presents a unique opportunity to collect [...]