Tuesday, February 08, 2011

«I LIKE MONEY ON THE WALL»

(Reuters) - A Pablo Picasso painting of his mistress and model Marie-Therese Walter titled "La Lecture" fetched 25.2 million pounds ($40.7 million) at a Sotheby's auction on Tuesday, above pre-sale estimates.The painting, which had been expected to fetch between 12 and 18 million pounds at the London sale, helped lift the modern and impressionist art auction total to 68.8 million pounds, including the buyers' premium.

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