Asian Buyers Splash $96m On Van Gogh And Picasso Works

Two notable works of art by Van Gogh and Picasso were purchased at auction in New York this week by Asian buyers. Just over $96 million was shelled out for the paintings.

Picasso’s “Femme au Chignon Dans un Fauteuil,” above, which carried a presale estimate of $18 million went under the hammer at $29.9 million. The buyer is said to be Chinese movie mogul Wang Zhongjun. The portrait was previously owned by one of Hollywood’s oldest dynasty’s, the Goldwyn family.

The Van Gogh painting L'Allee des Alyscamps sold for $66.3 million to an unnamed Asian buyer who had a representative bidding at the auction.

In total Sotheby’s registered sales of $368 million on the night.

WEB'S BEST

Top stories from across the globe

  • Singapore Stresses Under a Wealth of Worries
  • A Short History of Investing in Gold – and What to Expect for 2017
  • Asia Pacific's Top Six Credit Risks For 2017
  • The 5 Most Shocking News in 2016
  • Hazel Moore: Banks Are Completely Wasting Valuable Customer Data
  • Morgan Stanley CEO Makes First-Ever Stock Sales After Bank Rally
More

PHOTO GALLERIES

finews.asia Networking Event

finews.asia Networking Event

Show pictures

stars China Symposium 2016

stars China Symposium 2016

Show pictures

Compare my salary

Compare my salary

Feeling Underpaid? Benchmark your salary by job title, company and location. Find out where you stand in minutes.

compare my salary

Newsletter

Newsletter-SymbolFree Subscription

Subscribe to our free newsletter and receive daily email alerts from the finews editorial team with a list of the top featured articles.

Share with us

Do you have any market intelligence to share with finews.asia – email us on info@finews.asia – All communication is completely confidential and strictly anonymous.