Picasso Painting Sells For $103 Mn In New York: Auction House

The painting, completed in 1932, was sold for $90 million, which rose to $103.4 million when fees and commissions were added, after 19 minutes of bidding, Christie's said.

Pablo Picasso's "Woman sitting by a window (Marie-Therese)" sold Thursday for $103.4 million at Christie's in New York, the auction house said. The painting, completed in 1932, was sold for $90 million, which rose to $103.4 million when fees and commissions were added, after 19 minutes of bidding, Christie's said. The sale confirms the vitality of the art market despite the Covid-19 pandemic -- but also the special status of Picasso, who was born in 1881 and died in 1973. The same painting was acquired only eight years ago at a London sale for 28.6 million pounds, or about $44.8 million, less than half the price offered Thursday.