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.
