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‘Blue Period’ Picasso sells for $52 million

‘Blue Period’ Picasso sells for $52 million

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Pursuitist Luxury Best Luxury Blog

Pablo Picasso’s “Portrait of Angel Fernandez de Soto,” a work from the painter’s “blue period,” has sold for $52 million at Christie’s in London Wednesday night.

Prices of top artists have risen steeply in the past year, so many thought the Picasso would sell for more than $60 million.

The Picasso was sold by Andrew Lloyd-Webber to benefit his charitable foundation.