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Picasso sells for US$67.45m in windfall for tycoon

American billionaire Bill Koch paid just US$3 million for the canvas in 1984
Saturday, November 7, 2015 - 05:50
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DUAL FORTUNE: The front (right) and the rear of the painting La Gommeuse. In 2000, during restoration work, Mr Koch discovered there was another painting that had been hidden under the lining for a century.

New York

A PICASSO picture of a cabaret artist, which carries a second painting on the reverse, sold for US$67.45 million in New York on Thursday, scoring a windfall for American billionaire Bill Koch.

It was the top lot of the season so far, proving a savvy investment for the