Picasso oil painting sells for over Sh 10 billion at New York auction

Employees pose for a photograph with "Le pont de Trinquetaille" by Vincent van Gogh, "Femme Assise Pres d'Une Fenetre (Marie-Therese)" by Pablo Picasso and "Composition: No. II with Yellow, Red and Blue" by Piet Mondrian, at Christie's gallery prior to the New York spring season of evening sales, in London, Britain.(Courtesy)

An oil painting by Pablo Picasso sold for $103.4 million (over Sh 10 billion)at a Christie's auction in New York, smashing its presale estimate of $55 million (over Sh 5.8 billion).

The portrait of Picasso's French lover Marie-Therese, "Femme assise près d'une fenêtre (Marie-Thérèse)", or 'Woman sitting near a window,' led the '20th Century Evening Sale' on Thursday.