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The $250 million painting

February 7, 2012

The last privately held Cezanne card player painting has reportedly been sold for approximately $250 million, making it the world’s most expensive privately traded painting. Here’s an excerpt from the IndependentUK‘s coverage:

It emerged this weekend that The Card Players has been bought for £158m by the Qatari royal family. The sale, from the collection of the late Greek shipping magnate George Embiricos, heralds the arrival of the tiny oil-rich Gulf state as the pre-eminent force in the international art market.

As details of the purchase leaked out in Vanity Fair, experts hailed it as a watershed moment in a market which found itself uncharacteristically subdued last year as the Western economy faltered in the grip of the eurozone crisis and new buyers from Asia, Russia and the Middle East preferred to do deals in private.

"The Card Players" by Paul Cezanne has reportedly been sold for $250 million. The artist painted five versions and this was the only one still privately held.

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