Two notable works of art by Van Gogh and Picasso were purchased at auction in New York this week by Asian buyers. Just over $96 million was shelled out for the paintings.
Picasso’s “Femme au Chignon Dans un Fauteuil,” above, which carried a presale estimate of $18 million went under the hammer at $29.9 million. The buyer is said to be Chinese movie mogul Wang Zhongjun. The portrait was previously owned by one of Hollywood’s oldest dynasty’s, the Goldwyn family.
The Van Gogh painting L'Allee des Alyscamps sold for $66.3 million to an unnamed Asian buyer who had a representative bidding at the auction.
In total Sotheby’s registered sales of $368 million on the night.
