One Company Buys Picasso Works for 1000 Crore in Two Days

One company buys Picasso works for 1000 crore in two days

An exclusive painting of Pablo Picasso was sold for 49.8 million pounds at Sotheby’s in London.  The painting was estimated to be priced at $50 million and sold for $69 million exceeding the original estimate.

The painting was purchased by Gurr Johns, which is an art advisory firm. Sotheby said the press that the firm is owned by a member of Picasso family. Nothing much has been revealed about the person as it is supposed to keep as a secret.

The painting is jewel-toned and a portrait of a Picasso Muse 1937 that is sporting a red beret with a matching checked dress. The painting was the star of the day and it was at the top of the modern and contemporary art auctions held in London.

As said earlier, the picture was estimated at $50 million, many auctioneers put across a bid for the paintings, and any auctioneers had kept their deal from Asia. There was a bidding war going on at the auction hall and a huge currency discussion was running.

The Spanish artist at auction marked this sale as one of the 10 most expensive. $179.4 million was the record set in 2015.

Related Articles

Karnataka Chief Minister Dubbed As “The Legen... Politics gives us fickle instances of emotional outbursts and this was no different. Recently, Karnataka Chief Minister H.D. Kumaraswamy broke down in...
Heavy Rains In Odisha, Flood Like Situation I... This year rains have created havoc in many parts of India in the monsoon season. There were very heavy rains in Odisha on 16th July which adversely af...
Many People Dead And Missing In Kerala Rains,... The CM of the state of Kerala has kept the area under high alert when the death poll of the person in the heavy rainfall rose to 12. Moreover, three p...
Woman Sentenced For Selling 2 Year Old Daught... Trafficking of children is banned worldwide, and it is an unpunishable crime. But Texas witnessed a horrifying incident in the form of child trafficki...

Be the first to comment on "One Company Buys Picasso Works for 1000 Crore in Two Days"

Leave a comment

Your email address will not be published.


*