This ugly piece is worth over 3 Billion Naira.
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.
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