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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

Published Fri, Nov 6, 2015 · 09:50 PM

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 Republican party donor who paid just US$3 million for the canvas in 1984 and later discovered he had got two for the price of one.

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Picasso sells for US$67.45m in windfall for tycoon

Consumer & Healthcare

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