Picasso Painting Fetches $179 Million at Auction

Never underestimate the power of pretty women. Pablo Picasso set a record Monday when his 1955 painting of a harem of colorfully dressed women, “Women of Algiers (Version O),” sold for $179.4 million—the most ever paid for a work of art at auction.

The price surpasses the $142.4 million paid two years ago for Francis Bacon’s triptych, “Three Studies of Lucian Freud,” as well as earlier record of $120 million for Edvard Munch’s tortured “Scream.”

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