New York, May 13: Pablo Picasso’s Women of Algiers has become the most expensive painting and set a record in auction with $179 Million at Christie’s in New York.

Painter set a record Mon once his 1955 painting of a serial of colourfully dressed girls, “Women of port (Version O)”, oversubscribed for $179.4 million — the foremost ever bought Associate in Nursing work of art at auction. The price surpasses $142.4 million paid 2 years ago for Francis Bacon’s art, “Three Studies of Lucian analyst,” moreover as earlier record of $120 million for Edvard Munch’s tortured “Scream”.

In a stubborn contest at the auction house’s NY showroom, bidding for Women of Algiers painting began at $100 million and shot up quickly, with four phonephone bidders competitor for the jewel-tone scene of Cubist-style girls lolling at odd angles in an exceedingly space festooned with lush, stripy decor.

However because worth topped $145 million, bidding war winnowed to a try of phonephone bidders and therefore the space watched, hushed, many took their cell phones to capture the instant. When it is eleven minutes, the mallet fell and Brett Gorvy, world head of post-war art, fielded the anonymous winning bid.

The painter thought about a trophy with maximum amount for its possession pedigree as its creative deserves. The work last modified hands eighteen years ago once the estate of U.S. collectors Victor and Sally Ganz oversubscribed it through the business firm to a London dealer for $31.9 million. Its merchandiser on Mon remains anonymous.