Picasso oil painting sells for more than US$100 million at New York auction

An oil painting by Pablo Picasso sold for US$103.4 million at a Christie’s auction in New York, smashing its presale estimate of US$55 million.The portrait of Picasso’s French lover Marie-Therese, Femme assise près d’une fenêtre (Marie-Thérèse), or ‘Woman sitting near a window,’ led the 20th Century Evening Sale on Thursday.Keith Gill, head of the Impressionist and Modern Art department at Christie’s London, said the work may be familiar to art lovers from its appearance at a landmark Picasso…

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