"Les femmes d'Alger (Version 'O')" as the masterpiece is called, was bought by the current owner for $31.9 million in 1997. The price has quadrupled over the course of 18 years. But it isn't just any painting. It took over two months and over 100 studies to execute the painting that is considered to be the artist's single most important work on the private market.

Jussi Pylkkanen at Christie's says of the painting:

""From the auctioneer's rostrum it has become clear that the many new global collectors chasing masterpieces have been

waiting for an iconic Picasso to appear on the market. None is more iconic than Les femmes d'Alger."

Carl Larsson