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Art auction breaks British sale record

Portrait of Angel Fernandez de Soto by Pablo Picasso

 

The highest-profile piece sold was Picasso’s Portrait of Angel Fernandez de Soto, purchased for £34,761,250 at the much anticipated sale by Christie’s on Wednesday evening.

Picasso’s piece was from the collection of Lord Lloyd-Webber and was dropped from a New York sale four years ago at the last moment due to an ownership claim.

The dispute, which dated back to a sale in the 1930s, has now been settled and Christie’s said the claimants had ”withdrawn all claims to the painting”.

 

The sale of the 1903 Picasso will benefit the Andrew Lloyd Webber Foundation, a charity which promotes arts, culture and heritage.