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Picasso fetches $45 million at Sotheby's sale

A Pablo Picasso portrait of his mistress and "golden muse" Marie-Therese Walter sold for 28.6 million pounds ($45 million) on Tuesday, leading an important Sotheby's auction of impressionist, modern and surrealist art.

 

The sale was the first of a series held in London this month by Sotheby's, Christie's and smaller auction houses in the latest barometer of the strength of the high-end art market. (Reuters)