Picasso sells for US$67.45m in windfall for tycoon
American billionaire Bill Koch paid just US$3 million for the canvas in 1984
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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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