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Femmes d'Alger   (Version "O") [ courtesy of Wikipedia] Recently, at Christie's in New York City, a Picasso painting was hammered at auction for a record-setting price of  $179 million. The painting is called Pablo Picasso's "Femmes d'Alger" (Version "O"). The last time the paining hit the market, it went for $31.9 million dollars in 1997, purchased by a European collector. However, the new buyer has remained anonymous. Originally thought it was Hamad bin Jassim bin Jaber Al Than, the prime minister of Qatar. But sources now say it is not him.

How would you like to pick up a million dollar Picasso for a little over $100? Well, a young American did. A 25 year old bought a drawing called " L'Homme au Gibus " through a raffle by Sotheby's in Paris.  The lucky purchaser plans on keeping the drawing for now, not selling it. 

The Christie's auction house in New York City just auctioned a Picasso painting, called Nude, Green Leaves and Bust , for $106 million, a record price for a painting sold at auction. The painting, which was created in 1932, was owned by Los Angeles collectors since the 1950's. The painting was estimated to sell for $70 million to $90 million.