May 2010 |
Picasso Breaks Record
Pablo Picasso's 1932 painting, "Nude, Green Leaves and Bust," sold by Christie's for $106 million, has set a new record for the most expensive art work sold at auction. The painting had belonged to the same collectors since the 1950s. According to the BBC report, this is being taken as a sign that the art market has rebounded from the global financial crisis.