Picasso - A Lecture

February 9 2011

Image of Picasso - A Lecture

Picture: Sotheby's

The lesson of the lecture is - if you have a Picasso, sell it now.

Last night, Picasso's 'La Lecture' (a portrait of one of his mistresses) sold well above its £12-18m estimate at £25.2m.

Its success demonstrates the incredible buoyancy of the modern art market at the moment. In 1996 the same picture had been offered at $6-8m, when it failed to sell. 

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