Picasso masterpiece become's world's most expensive painting

Baku, May 13, AZERTAC

A Pablo Picasso painting becomes the most expensive artwork ever to sell at auction, reaching $160m, according to Channel 4.

Picasso's Women of Algiers has become the third of his artworks to break the $100m mark at auction, attracting a winning bid of $160m (£102.6m) at Christie's in New York.

The painting became the world's most expensive artwork after exceeding its pre-sale estimate of $140m.

The painting joins an illustrious rollcall of art to have broken the $100m barrier, including works by Edvard Munch, Francis Bacon and Alberto Giacometti.

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