Thursday, May 06, 2004
A NEW AUCTION RECORD
$104 Million for an Early 20th Century Picasso
Dirty old man Pablo Picasso, along with Sotheby’s, yesterday set a new record:
A rare Picasso, painted when the artist was just 24, became the most expensive painting ever sold at auction when an anonymous buyer purchased it for $104.1 million last night at Sotheby’s.
The sale price of the 1905 painting, “Boy With a Pipe (The Young Apprentice),” topped the previous auction record, that for “Portrait of Dr. Gachet,” sold at Christie’s in 1990 for $82.5 million.
Proceeds from the sale of “Boy With a Pipe” will go to the Greentree Foundation, established by Mr. and Mrs. John Hay Whitney.
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JAMES MARTIN CAPOZZOLA
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James Martin (Jim) Capozzola launched The Rittenhouse Review in April 2002, TRR: The Lighter Side of Rittenhouse, HorowitzWatch, and Smarter Andrew Sullivan in July 2002, and Bulldogs for Kerry-Edwards in October 2004. He is also a contributing member of President Boxer.
He received the 2002 Koufax Award for Best Post> for "Al Gore and the Alpha Girls" (published November 25, 2002). Capozzola's record in the Koufax Awards includes two additional nominations for 2002 (Best Blog and Best Writing), three nominations for 2003 (Best Blog, Best Series, and Best Writing), and two finalist nominations in 2004 (Best Blog and Best Writing).
Capozzola’s experience beyond the blogosphere includes a lengthy career in financial journalism, securities analysis, and investment research, and in freelance writing, editing, ghost-writing, and writing instruction.
He earned his bachelor's degree in political science from the University at Albany and a master's in foreign affairs from the University of Virginia.
Capozzola lives in Philadelphia with his bulldog, Mildred.
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