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Monday, 12 May 2014 11:40

Picasso’s ‘The Rescue’ Fetches $31.5 Million in New York

Pabo Picasso's 'The Rescue.' Pabo Picasso's 'The Rescue.' AFP

Pablo Picasso’s colorful 1932 oil painting “The Rescue” sold for $31.5 million at a New York auction Wednesday, far exceeding its $14 million to $18 million estimate.

“The Rescue” led the bidding at a Sotheby’s sale of impressionist and modern art. The auction house sold 50 pieces, raising about $219 million.

It was the second straight night a painting by the Cubist master changed hands for a big price. Picasso’s 1942 painting of his mistress in a purple dress titled “Portrait of Dora Maar” sold Tuesday for $22.5 million at Christie’s.

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