The Pablo Picasso painting, "Femme assise, robe bleue" sold for 28,9 Million Dollar at Christie's London Auction on 21 June 2011. "Femme assise, robe bleue" was estimated $6,448,000 - $12,896,000 before auction started, finnaly, the Pablo Picaso painting sold for 28,9 million dollar, price includes buyer's premium.
"Femme assise, robe bleue" signed and dated 'Picasso 25.10.39' (lower left) oil on canvas, 28¾ x 23½ in. (73 x 60 cm.) and painted on 25 October 1939.
Pablo Ruiz Picasso (25 October 1881 – 8 April 1973) was a Spanish painter, draughtsman, and sculptor who lived most of his life in France. He is widely known for co-founding the Cubist movement and for the wide variety of styles that he helped develop and explore. Among his most famous works are the proto-Cubist Les Demoiselles d'Avignon (1907) and Guernica (1937), a portrayal of the German bombing of Guernica during the Spanish Civil War.
Picasso demonstrated extraordinary artistic talent in his early years, painting in a realistic manner through his childhood and adolescence; during the first decade of the 20th century his style changed as he experimented with different theories, techniques, and ideas. His revolutionary artistic accomplishments brought him universal renown and immense fortune, making him one of the best-known figures in 20th century art.
image sources: Chrisies.com