Picasso Painting Fetches $95.2 Million

[jeffrey]

A portrait by Pablo Picasso of the woman who influenced him in the late 1930s and early 1940s sold for $95.2 million, the second-highest amount ever paid for a painting at auction, the auction house Sotheby's said.

Dora Maar au chat, which depicts Picasso's mistress, went to an anonymous buyer in the room who was competing with telephone bidders during Wednesday's auction.

Its selling price ranked second only to another Picasso piece, Garcon a la pipe, which sold at Sotheby's for more than $104 million in May 2004, the auction house said... Entire Article