Picasso fetches $41.5 million [PHOTO], Picasso's 1932 painting of his young mistress Marie-Therese Walter fetched $41.5 million tonight at Sotheby's in New York.
According to Bloomberg, Philip Hook purchased the paining for a client over a phone call.
The painting was estimated at a value of $35 to $50 million, and the $41.5 million price tag paid by Hook falls squarely into that range. Go here to read more and see a photo of the painting.
