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The Qatari Royals’ Remarkable Art Acquisition: A $180 Million Picasso Masterpiece – The Luxury Lifestyle Magazine
In 2015, the former Prime Minister of Qatar, billionaire Hamad bin Jassim bin Jaber Al Thani, made headlines when he acquired Picasso’s renowned masterpiece, “The Women of Algiers (Version O).” During an intense 11-minute auction at Christie’s, the royal not only outbid his competitors but also set a new record by purchasing the vibrant painting for an astonishing $180 million. Remarkably, as the bidding reached the $120 million mark, the Picasso became the object of pursuit for five clients communicating on telephone. Despite his competitors’ gradual $1 million increases, Sheikh proved to be a strong adversary in the bidding. What adds intrigue to this New York auction is that it…