Thu May 06, 2004 9:11 am
Picasso''s 1905 "Boy With A Pipe" Auctioned For $1
So, in 1905, when he was 24, Picasso painted a shop's apprentice teenager wearing traditional French blue coveralls and holding a clay pipe.
By 1936, the painting wound up in an art gallery in NYC where the famously wealthy and art supporting Whitneys bought it for $70,000 plus another $7,000 in sales tax.
From 1936, it stayed with the Whitneys until the the wife died in 1998. From which time the heirs had debated what to do with the entire estate's collection.
And so all the art worth selling was auctioned this week and the Picasso broke the record of most expensive bid price made by an anonymous bidder represented by Sotheby North America's Chairman, Warren Weitman, Jr.
No one knows whether this painting will go to a museum or disappear again into private hands.
As a well known Picasso biographer has been quoted to say: "No painting is worth $100,000,000."
By 1936, the painting wound up in an art gallery in NYC where the famously wealthy and art supporting Whitneys bought it for $70,000 plus another $7,000 in sales tax.
From 1936, it stayed with the Whitneys until the the wife died in 1998. From which time the heirs had debated what to do with the entire estate's collection.
And so all the art worth selling was auctioned this week and the Picasso broke the record of most expensive bid price made by an anonymous bidder represented by Sotheby North America's Chairman, Warren Weitman, Jr.
No one knows whether this painting will go to a museum or disappear again into private hands.
As a well known Picasso biographer has been quoted to say: "No painting is worth $100,000,000."
